There is no reason gold is worth any more than flower bulbs.

I think it's hilarious when people talk about the gold giving value to fiat. And then when they were all" Oh my, there is no gold backing up all the money in circulation, so the money is worthless."

Yes, the money IS worthless, absolutely. All the value it has is only because we project that value onto it.

We saw gold gives it value, but what gives gold value??? It's rarity? Nope that does not give it any value whatsoever.

What gives gold value is that it is worth money. When people get excited about the value of gold it never has to do with it's rarity, it always has to do with it's CASH value.

So money gives gold value. What is gold worth? It's worth a CASH value. What gives cash it's value? Gold?

LMFAO

AGAIN; cash has value because it is backed by gold, but gold has value because it is worth money. If gold couldn't be redeemed for cash money absolutely no one would want it, so really it is money that gives gold value

And again both only have any real value because we project that on it and agree to play that game. To the average person historically gold has had absolutely no use or value other than as money and the only reason it has had value as money is because the people back then agreed to project that onto it.

Probably some deranged king forced his kingdom to adopt that view of gold in order to make himself wealthy and powerful, and it spread by way of warfare

Other places around the world gold had no more value than any other rock, and in some cultures it's complete lack of value had everything to do with it's rarity because to most permanent cultures the most desirable resources are the ones that are the most abundant, not the most rare. This whole half of the world did not prize gold at all except some of the cultures used it for art do to it's pliability, but there was no fever over it because no deranged king ever forced people to project that o to it. The descendents of those same people have adopted the practice of projecting value on gold. It is almost like adopting a mental illness really.

It is actually only in the recent times and hat gold actually has value. That value is in electronics and catalytic converters, things like that, but please don't try to say that that is what makes it around $1250.00 an oz.

The value of gold/money is the best example of using circular logic that there ever could be. Gold is valuable because it is worth money, money is valuable because it is worth gold.