Gold has no inherent value, certainly not an actual resource without the projection of value on it. It is only valuable because it's worth money right now, and historically it's only value was we said it had value.
It literally is not a resource. As someone in this thread pointed out, if you were going to stay on a desert island it would not even make a list of 1000 items to bring along because it has no inherent value.
Wood is literally more useful.
So gold becoming a resource in the 20th century because they finally found a use for it Wich is in computers is why it has been valuable for 12,000 years? I seriously doubt that
Again, gold has just recently become a resource. Historically it's only value has been that we use it to project value on.
It's only value to anyone is that it's worth money. If it didn't have a cash value you wouldn't want it.
Doni think that money is just empty little notes? Absolutely, just like gold it's only value is that we use it to project value on to it. Noether the paper, not the gold that used to back it like 49!years ago have ANY inherent value.
Their value is a circular flow chart. Money has value because 40 years ago it was backed by gold. Gold has value because it's worth money.
Your concept of 'inherent value' is flawed. As you yourself have stated, "gold has no more value then flower bulbs." Where as in fact, all value is assigned by it's use, as that is the bases of the word "value" . Value is derived and assigned due to it's usefulness.
Or, to put it another way, one can just as easily state, "all things have inherent value".
Right and the value of gold that was assigned by it's use has simply been that it has value. It has had no use for thousands of years until recently with computers which has nothing to do with why it is so valued.
But your begining to catch on. It is an arbitrary proxy of value that has no use other than as a proxy for value which is why the cultures that weren't born from Babylon did not value it at all.
Be ause it is rare and has no use most cultures in earth did not assign it any value at all until they were dominated by the beast that emerged from Babylon.
So basicly the assigning of value to it has been somewhat of a mental illness.
And no, it is not just as easy to say all things have inherent value. More accurate to say that no thing has any inherent value.
But t least things like wood and regular stone have lots of uses and in so much you can say they have a tual value where you can't say that with gold unless your making a computer.
As someone else pointed out in this thread. If you were going to have to survive on a desert island gold would not even make your list of 1000 things to bring because it would have zero uses for you.
I never said that, but pretending I did and calling me a bafoon because you lost the logic and reasoning part of the argument is a great way to deflect and back out because your trying to save face.
But since you brought it up, printed paper money would have alot more uses in a survival situation than gold does.
You could use it to start a fire for one thing.
What we are talking about is the fact that gold has no actual value, even as a useful substance like wood or rock does. You can't even make a tool out of it. A random rock has more utility than gold does and do to the abundance of random rocks they are a far more valuable resource when utility is what your after.
Gold is money because it's rare and can't be counterfeited. Now apply that to any modern currency and see if it holds up.
You miss the point when you say gold has no uses. Gold's utility is in its qualities that make it a good form of money. The global digital age reduces that somewhat, hence the discussion of digital gold.
Perhaps you can answer me this: if gold's only value is because it is worth money then why do central banks like the Federal Reserve hold large quantities of it on their balance sheets? They have the ability to create an infinite supply of currency, so by your reasoning they shouldn't value gold.
Gold has no inherent value, certainly not an actual resource without the projection of value on it. It is only valuable because it's worth money right now, and historically it's only value was we said it had value.
It literally is not a resource. As someone in this thread pointed out, if you were going to stay on a desert island it would not even make a list of 1000 items to bring along because it has no inherent value.
Wood is literally more useful.
So gold becoming a resource in the 20th century because they finally found a use for it Wich is in computers is why it has been valuable for 12,000 years? I seriously doubt that Again, gold has just recently become a resource. Historically it's only value has been that we use it to project value on.
It's only value to anyone is that it's worth money. If it didn't have a cash value you wouldn't want it.
Doni think that money is just empty little notes? Absolutely, just like gold it's only value is that we use it to project value on to it. Noether the paper, not the gold that used to back it like 49!years ago have ANY inherent value.
Their value is a circular flow chart. Money has value because 40 years ago it was backed by gold. Gold has value because it's worth money.
Your concept of 'inherent value' is flawed. As you yourself have stated, "gold has no more value then flower bulbs." Where as in fact, all value is assigned by it's use, as that is the bases of the word "value" . Value is derived and assigned due to it's usefulness.
Or, to put it another way, one can just as easily state, "all things have inherent value".
https://gsiexchange.com/what-is-gold-used-for-20-common-uses-for-gold/
Right and the value of gold that was assigned by it's use has simply been that it has value. It has had no use for thousands of years until recently with computers which has nothing to do with why it is so valued.
But your begining to catch on. It is an arbitrary proxy of value that has no use other than as a proxy for value which is why the cultures that weren't born from Babylon did not value it at all.
Be ause it is rare and has no use most cultures in earth did not assign it any value at all until they were dominated by the beast that emerged from Babylon.
So basicly the assigning of value to it has been somewhat of a mental illness.
And no, it is not just as easy to say all things have inherent value. More accurate to say that no thing has any inherent value.
But t least things like wood and regular stone have lots of uses and in so much you can say they have a tual value where you can't say that with gold unless your making a computer.
As someone else pointed out in this thread. If you were going to have to survive on a desert island gold would not even make your list of 1000 things to bring because it would have zero uses for you.
So printed paper dollars have inherent value, and will help you survive on a desert island, but a malleable metal will not?
You're a fucking buffoon.
I never said that, but pretending I did and calling me a bafoon because you lost the logic and reasoning part of the argument is a great way to deflect and back out because your trying to save face.
But since you brought it up, printed paper money would have alot more uses in a survival situation than gold does.
You could use it to start a fire for one thing.
What we are talking about is the fact that gold has no actual value, even as a useful substance like wood or rock does. You can't even make a tool out of it. A random rock has more utility than gold does and do to the abundance of random rocks they are a far more valuable resource when utility is what your after.
Gold is money because it's rare and can't be counterfeited. Now apply that to any modern currency and see if it holds up.
You miss the point when you say gold has no uses. Gold's utility is in its qualities that make it a good form of money. The global digital age reduces that somewhat, hence the discussion of digital gold.
Perhaps you can answer me this: if gold's only value is because it is worth money then why do central banks like the Federal Reserve hold large quantities of it on their balance sheets? They have the ability to create an infinite supply of currency, so by your reasoning they shouldn't value gold.