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In Reply to: RE: One big difference posted by A.Wayne on November 01, 2017 at 16:11:11
>> You mean currency , not money, our feds create Currency ...... <<
That's what the dealers in precious metals want you to believe, anyway. They want you to believe that gold and silver have an inherent worth. What is their inherent worth. TO survive you need four things:
Shelter
Water
Fire
Food
Does gold or silver helps you with any of these? Can you build a shelter with gold or silver? Can you eat or drink gold or silver? Can you burn gold or silver?
When you dig deep enough the belief that precious metals have intrinsic value is just as silly as the belief that paper fiat currency has intrinsic value. The only things that are worth anything are human labor, human ingenuity, raw materials, and materials with added value - value that is added by human labor and/or human ingenuity.
Follow Ups:
Not really ,Gold and silver has intrinsic value from their ( Money) rarity and historical significance, Fiat currency does not and only has value if there's a demand, the demand for USD comes from oil , Oil is priced in USD and as long as it is , the USD will have value and of course there's the best militarty power Currency can buy to make sure its always so ....
The conflicts will never end ...
To aquire the items you suggest for survival will require trade for materials and now we are here ..
Regards
Edits: 11/01/17 11/01/17
> > Gold and silver has intrinsic value from their ( Money) rarity and historical significance < <
I disagree. "Rarity" and "historical" value are not the same as intrinsic value. A Stradivarius violin has rarity and historical value. Should we use that as a form of money? Intrinsic means that in and of itself it has value. Gold's only intrinsic values are that of being it corrosion-resistant. Other than that, it is not particularly strong. It is the most ductile of all metals and easy to form. But as far as making things from it (other than jewelry, which has zero functional value), it is not good for much besides plating some other metal to keep it from corroding.
If you could mill an amplifier chassis from solid gold, would it sound better than one machined from solid copper and then gold plated to avoid corrosion? Corrosion-resistant metals are also known as "noble metals". The traditional list of noble metals includes: ruthenium (Ru), rhodium (Rh), palladium (Pd), silver (Ag), osmium (Os), iridium (Ir), platinum (Pt), and gold (Au).
Silver is actually not corrosion-resistant enough to be used for electrical purposes (although it is about 3% more conductive than copper). When you look at a Cardas or other "rhodium plated" parts, what you are seeing is a relatively thick underplate of silver, which is then "flash plated" with a very thin film of rhodium. Rhodium is more like gold in its resistance to corrosion, but unlike gold is far, far harder and more brittle. The rhodium is about the same color as silver, but doesn't ever tarnish. The chief disadvantage of rhodium (besides its exorbitant price) is that gold has about 2/3 the conductivity of coppery, while rhodium only has about 1/3 the conductivity of copper. However the plating thickness is so small that this is immaterial in most applications.
In my estimation there is very little use for gold other than as a corrosion-resistant plating or for jewelry. Diamonds (when cut and polished are also good for jewelry. Does that make them a good form of currency as well?
As in all sales, a fair exchange is made when both the buyer and seller are satisfied. Money is just an invented concept to represent units of human labor and ingenuity. We value oil because it allows us to replace human labor with machine labor. Electricity does that also. Will there be a time when we use stored electrical energy as a form of money?
Cant agree ,Golds historical significance cant be overlooked Charles, i know you are thinking IC and amplifier binding post but many before saw its value , rumor has it early alien ships were powered by it as far back as 550BC .. :)
Edits: 11/01/17 11/01/17
Well, it is a disease. Even the Bible says "The love of money is the root of all evil". If you want some good historical perspective, read the fascinating book by Jack Weatherford, "Indian Givers". Of the four major sea-going powers (England, the Netherlands, Portugal, and Spain), Spain was the "luckiest" where they landed. They plundered enormous quantities of gold from Mexico and South America, doubling or tripling the world's known gold supply.
But to understand how brutal they were about it, just read the first chapter of Howard Zinn's "A People's History of America". It covers Columbus's "discovery" from the point of view of the natives there. They had small amounts of gold, and that was the only thing that Chris wanted. The horrors were unspeakable, and the entire Native population was completely wiped out (total genocide) within 150 years (by 1550). The only reason we know *anything* about these people (the Arawak) is because of one Christian monk sent to convert the natives. He was so horrified by what he saw the Spaniards doing that he took secret notes. That is all that is left of the Arawak today - the secret notes taken by a monk 500 years ago. All else is gone - completely wiped out in a psychopathic lust for gold and power. An entire culture, an entire language, an entire way of life, an entire society. Vanished. All for a few pounds of gold.
You are right - crazy people have lusted after gold for thousands of years.
"crazy people have lusted after gold for thousands of years. "I lust after loudspeakers which sound like real musical instruments.
Haven't found any, yet. Although, Magico is pretty good, and a couple of Wilsons - depending on the recording. (Ay(re), there's the rub - the recording.)
Edits: 11/02/17 11/02/17
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