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Gold so valuable.....


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Old 08-24-2011, 11:22 PM   #21
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I tend to dislike currency that has no intrinsic value, like Gold. And Paper, to be fair, but I still like currency over metal.
While I agree that gold has no practical value beyond the emotional attraction others hold for it, it has proven itself over time to be so consistently desired over all areas of the globe that it has de facto intrinsic value.

Paper currency that represents something of value that exists today rather than something that may exist in the future is fine provided it isn't overproduced. Right now, our currency is based on future labor. Another term for that is "debt".

Other than precious metals, what did you have in mind to use as an anchor for our currency?
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Old 08-25-2011, 12:34 AM   #22
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Other than precious metals, what did you have in mind to use as an anchor for our currency?
Bullets.

But honestly, my first choice, probably metals like copper and steel. We horde those as a country, soon everybody else needs them, our currency sky rockets. But in a post apocalyptic world, barter. Currency doesn't make much sense to me. "I'm going to give you this, and it's really just paper, but you're going to give me a valuable item for it." Anybody tries to pay me with gold and I'm sending them on their way.
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Old 08-25-2011, 12:40 AM   #23
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I haven't gotten enough sleep. Ask me again after we're done training the new cadets. That idea seems terrible.
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Old 08-25-2011, 02:35 AM   #24
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I thought that gold is an excellent conductor and is supposed to be a major ingredient in electronics.
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Old 08-25-2011, 02:39 AM   #25
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I thought that gold is an excellent conductor and is supposed to be a major ingredient in electronics.
Not a major ingredient. It's important, but it's an incredibly small amount. And it can be replaced by anything covered in a wire or in an airtight system.
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Old 08-25-2011, 02:40 AM   #26
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I thought that gold is an excellent conductor and is supposed to be a major ingredient in electronics.
Gold is used in electronics for its corrosion resistance. Silver is the excellent conductor and is used in a lot of electronics (and other applications).

One of the biggest demand potential of silver is that it is claimed that we are using more now than what can be mined. In effect, the stock pile we have is slowly being depleted.
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Old 09-09-2011, 08:01 PM   #27
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I'm haven my Teeth Filling pulled,if gold keeps going-up......
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