140 replies to this topic

[Davidson Deac II]

Gold is plentiful on Tau Ceti V. At least thats what Obama said after he teleported back.

[Davidson Deac II]

There are plenty of elements more rare than gold, the distribution of gold in the universe has little to do with it's distribution on a particular planet, that's not the main reason it's valuable and it's irrelevant to the point I was making.

Agreed and fwiw, gold is valuable for the same reason dollars are. People think its worth something.

If the world really had an apocalypse, gold would be worthless because you can't eat it or burn it for fuel.

[pstall]

we got away from gold because we have been ahead of other COUNTRIES for a 100 years with central banking and a Fed and printing money.

they took the long view on this. funny how we changed from gold just around the time the oil crisis hit. Then we made OPEC and the rest of the ME peg to the US dollar. ahh. see how that works.

[natty]

It's not hard to figure out why the conspiracy crowd is all about gold though.

According to some Sumerian myth interpreters such as Sitchin, aliens, called the Annunaki, came down from the planet Nibiru thousands of years ago to mine our gold. They needed gold to fix their planet’s atmosphere. They got fed up with the labour intensive activity themselves so they decided to create a slave race in their image. Us.

They created us in their image and we multiplied. Initially, they set themselves up as gods and ruled as such and gave rise to our early religions such as Egyptian and Hebrew religions. Perhaps at some point they collected enough gold for their needs and went on their merry way back home. Perhaps this gave rise to the Egyptian pharaoh cult, which is why they collected and hoarded gold to take with them to the afterlife. Perhaps subsequent kings and pharaohs were copying the original gods, whose mission it was to collect gold and store it in an impenetrable buildings that would stand the test of time and act as a beacon or marker for others of their kind to come and pick up their amassed wealth.

All this is postulation of course, but it is no coincidence that the kings that followed Egypt’s in Rome, Germany, the Middle East, Africa, France, the UK, and eventually the presidents of the US can be traced back in lineage to the ancient Sumerians or their brotherhoods. The ones who set up secret brotherhoods to collect wealth. The ones who set up the central banks, owned by the super-rich to loan to governments, who they know are good for the money as they can tax millions of people to recoup it. We know that financial institutions like the Federal Reserve in the US can create money on a whim to loan to the US Government. This money is loaned to banks and then loaned again and again to smaller banks and eventually end up as a millstones around the necks of poor plebs and businesses who want to buy cars, buildings or whatever. This poor pleb then works his ass off for years to pay back this loan with his blood, sweat and tears so that the bank that loaned it to him can make a few pounds, so that the bank that loaned it to them can make a few more and so on until the federal reserve gets all its virtual money back + interest. Money that didn’t even exist in the first instance!!!

I just love how they combine thousands and thousands of years of human history into one nice little theory. It fits so well!!!!

[Floppin]

You're reaching now Natty.

[venom]

Agreed and fwiw, gold is valuable for the same reason dollars are. People think its worth something.

If the world really had an apocalypse, gold would be worthless because you can't eat it or burn it for fuel.

I agree with this in the monetary sense. No matter how rare it may be, you still cannot eat it, persay...so it does no good towards your survival. However, I do think it is possible gold is valuable for other reasons. Gold has always been sought after since the dawn of time...there must be something more to it than only having a value based on a fiat equivalency.

[chris999]

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[Carolina Husker]

Took 5 pages, but at least we've got most of the Basement Crew to admit that gold cannot be eaten as food...

[Davidson Deac II]

Took 5 pages, but at least we've got most of the Basement Crew to admit that gold cannot be eaten as food...

Strange but true, wealthy people use to decorate food with gold flakes, and eat it. Apparently, in small doses it doesn't kill you.

So I guess you actually can eat it.

[Tensor]

Strange but true, wealthy people use to decorate food with gold flakes, and eat it. Apparently, in small doses it doesn't kill you.

So I guess you actually can eat it.

I prefer to drink it.

[chris999]

/

[Tarheel31]

Me and you are on the same page here, but I think he is trying to say when the poo hits the fan, gold will be just as worthless as paper, because you cant eat it.

My point was regarding golds scarcity with it's relationship to currency.

The Fed can fire up printers and produce piles and piles of "money" that they can give away, or just "lose" or whatever they feel like doing.

Unless you have a farm of super massive dying stars, you can't make more gold.

[Floppin]

Gold has been used as currency in one form or another since man first started gathering it from the ground and waterways. In the event of a global collapse, gold would be the first accepted currency once basic goods bartering wasn't a survival necessity.

[Davidson Deac II]

Gold's value has always been as a symbol of wealth. In the early days, it was malleable and pretty and easily shaped into jewelry that wealthy people could buy for themselves or their wives/girlfriends. That and perception is the only reason that it was used over the years as currency.

[Floppin]

The reasoning is irrelevant to the argument.