I'm wondering how many of you on here think that money has actual real value, or if it's just worthless paper and only gold or silver are real money. If so what do you think the reason is we've moved away from paper backed by gold to this false monetary system of today, do you think it's false or is it real? Basically discuss. I listen to Peter Schiff alot and think his ideas are common sense, how many here believe he's right as well? How many think he's wrong? Do you know that paper money used to be backed by gold and actually was never meant to be used in the fashion it currently is, observe this video. http://www.youtube.com/watch?v=1FiaUpeJxcA
Money is just a token to aid in a fair trade system. It was originally created to aid in bartering so you got a fair deal, rather than losing out excessively. It's real worth is only of it's materials, as a token it just has a legal binding in the sense of it's value being honoured should you trade it in or exchange it for other denomination.
Go anywhere in the world and try to buy something with a gold bar, silver ingot or other metalic object and see how many people will accept it. Money is the only way we humans can operate efficiently in todays market place for trying to move around with metal in your pocket wouldn't work out to well. I do not believe that the gold or other metal will replace the paper currency we have because no one can afford it but the rich today. Gold 950.00 on ounce Imagine what you would have to do just to have an ounce of gold! Money must be used in paper or plastic form to be able to use by everyone , everywhere.
That's only because the gold and silver are held in banks and not distributed lawfully as the founders intended, if it was in circulation then it's value would diminish and even though it would be worth less because more of us had it the value would be fixed and inflation proof because it was REAL.
Then why can I go to a coin business and buy gold and silver coins and bars? If only the banks had them then how could these other businesses sell the precious metals?:shrug:
Well what I mean is gold has such a high value because it should be the money we're using but it's not. Ugh anyway watch the videos ={
But you are incorrect my feathered friend, money has value based on what conditions are in the economic workings of the worlds banking system. Anyone who says differently is only kidding themselves and wants their investments in precious metals to climb so they can cash in on the increase. Please Register or Log in to view the hidden image!
What makes anyone think gold or silver has "real" value. Gold and silver are only valuable because people think they are, not because of any inherent property they have. Diamonds are neither all that useful nor especially rare (though they iused to be). They maintain their value mostly because we have been tricked into thinking they are rare and valuable by clever marketing. Worse, gold, silver and diamonds require real economic outlays to obtain them, since they must be dug out of the ground. Manpower is wasted, electricity is wasted, and we don't get those back. What do you do once you have it? If you want it as a store of value, you turn it into gold bars and pile them up in a room, then you waste more people's time guarding them. In the end things are worth what you will trade for them, and how much value you ascribe to a thing is subjective, no matter what the thing in question is. Better to pick something that can be easily produced (like paper money) and arbitrarily limit its quantity, than to pick something expensive to produce, like gold. The main advantage gold and silver have is that their quantity cannot be easily manipulated by governments, as you can't accelerate production very efficiently. (What governments can do, and did during the gold standard days, is to keep reducing the amount of gold or silver they will give you in exchange for your paper dollars.)
: flaps wings : You know you are wrong, gold is used alot in production everywhere, it's value is inherent just as silver too. On a side note check out this cool gold ipod! Please Register or Log in to view the hidden image!
That is only a gold coating/plating which will very soon wear off if handled allot. Gold isn't used in many common things today, look at your computer, nothing gold there is there.
Please do not say that, humm I'd like to have one made of solid gold Please Register or Log in to view the hidden image!
You should realize that all that glitters is not always "pure" gold.Please Register or Log in to view the hidden image!
Well watch those videos and tell me what you think then? How can you say a gold standard is a bad idea =P
I think your nuts : flaps away : ...... in the background can be heard.... watch the videos again wOOttt
Well Obama spent 2 Trillion and the stock market and Banks didn't even blink. Yes money is worthless and people are going to find that out very soon.
yeah...they will find out soon and then they will be trading in coconuts or sea shells. so what is the diffeferce?