Originally posted by: miketheidiot
gold is the original fiat currency.
Originally posted by: EMPshockwave82
Originally posted by: Mo0o
Originally posted by: EMPshockwave82
because people equate precious metals to money when paper money is worth nothing
It's all perception. Gold is rare and it is a precious metal but I would rather have a skill than gold.
What's worth more in a primitive world where paper money is worth nothing? Gold or the ability to make knives / guns / gun powder / strong weapons?
Sure gold can buy those things, but if you can make them then you can make gold. It's all perception of money and what an item is worth.
How can you equate a skill and a form of currency? Its comparing apples to oranges. The two aren't mutually exclusive. Even in a primitive world, assuming gold is in adequate abundance, it'll be used as currency so you might as well have a skill that'll give you gold to trade for other things. Barter economies are inefficient
Pretty sure that's what I meant.
but if you can make them then you can make gold
Skills are worth more than money or people wouldnt pay for them................
Originally posted by: ultimatebob
Because it's rare, silly! I once heard that all of the gold ever produced could fit in an Olympic sized swimming pool, although I'm not sure how accurate that is.
Originally posted by: theflyingpig
As an alchemist, I find gold to be one of the most common elements. It was incredibly rare about a hundred years ago, but now you can find gold anywhere. This is due to alchemy. No one will admit it, but it's true.
The value of gold is only partly artificial. You see, the only way to transmute a substance into gold is to use what is known as the "Philosophers Stone". What is not commonly known, is that the Philosophers Stone is not something that can be found. It must be made. There is a high cost to creating it though. To make mine, I had to slaughter ten thousand innocents. This proved difficult, but I went through with it, and my efforts were rewarded with the ability to make gold.
What does this have to do with the relative worth of gold? I'll tell you why. To my knowledge there are only three Philosophers Stones in the world. I have one, and two others, who I shall not mention by name have them. We three are the ones who create all of the gold in the world. It is we who control the price of gold.
Originally posted by: Imp
Originally posted by: IHateMyJob2004
Gold .... we dig it out of the ground, refine it and put it back into the ground. I don't get it.
It's price is based on perception and it's value is based on nothing.
Wait for the gold bubble to pop. That should be amusing.
That's what I've read. Price for it is way over-inflated right now.
Originally posted by: slayer202
Originally posted by: EMPshockwave82
Originally posted by: Mo0o
Originally posted by: EMPshockwave82
because people equate precious metals to money when paper money is worth nothing
It's all perception. Gold is rare and it is a precious metal but I would rather have a skill than gold.
What's worth more in a primitive world where paper money is worth nothing? Gold or the ability to make knives / guns / gun powder / strong weapons?
Sure gold can buy those things, but if you can make them then you can make gold. It's all perception of money and what an item is worth.
How can you equate a skill and a form of currency? Its comparing apples to oranges. The two aren't mutually exclusive. Even in a primitive world, assuming gold is in adequate abundance, it'll be used as currency so you might as well have a skill that'll give you gold to trade for other things. Barter economies are inefficient
Pretty sure that's what I meant.
but if you can make them then you can make gold
Skills are worth more than money or people wouldnt pay for them................
wrong x 10
in a world without paper money, gold would be one of the things used for currency.
skills aren't worth "more" than money either. a certain skill is worth a certain amount of money
Originally posted by: quakefiend420
Originally posted by: miketheidiot
gold is the original fiat currency.
do you know what the word fiat means?
Originally posted by: EMPshockwave82
Originally posted by: slayer202
Originally posted by: EMPshockwave82
Originally posted by: Mo0o
Originally posted by: EMPshockwave82
because people equate precious metals to money when paper money is worth nothing
It's all perception. Gold is rare and it is a precious metal but I would rather have a skill than gold.
What's worth more in a primitive world where paper money is worth nothing? Gold or the ability to make knives / guns / gun powder / strong weapons?
Sure gold can buy those things, but if you can make them then you can make gold. It's all perception of money and what an item is worth.
How can you equate a skill and a form of currency? Its comparing apples to oranges. The two aren't mutually exclusive. Even in a primitive world, assuming gold is in adequate abundance, it'll be used as currency so you might as well have a skill that'll give you gold to trade for other things. Barter economies are inefficient
Pretty sure that's what I meant.
but if you can make them then you can make gold
Skills are worth more than money or people wouldnt pay for them................
wrong x 10
in a world without paper money, gold would be one of the things used for currency.
skills aren't worth "more" than money either. a certain skill is worth a certain amount of money
A certain skill is worth a certain amount of money as many times as you can do it..........
I'd rather have a worthwhile skill than money in my hand.
Edit: this is under the assumption that a "worthwhile skill" is one that a lot of people need as well as assuming that the market is not flooded with people that can perform this skill. If it's not needed and something that anyone can do it does not fit my definition of "worthwhile" for the sake of the post
Originally posted by: nerp
Originally posted by: ultimatebob
Because it's rare, silly! I once heard that all of the gold ever produced could fit in an Olympic sized swimming pool, although I'm not sure how accurate that is.
Not very. There are some massive solid gold buddhas out there. Buildings with gold domes. Check out pictures of some of the US treasury vaults. Now multiply that by the number of countries with gold stockpiles. . . .
Originally posted by: EMPshockwave82
Originally posted by: slayer202
Originally posted by: EMPshockwave82
Originally posted by: Mo0o
Originally posted by: EMPshockwave82
because people equate precious metals to money when paper money is worth nothing
It's all perception. Gold is rare and it is a precious metal but I would rather have a skill than gold.
What's worth more in a primitive world where paper money is worth nothing? Gold or the ability to make knives / guns / gun powder / strong weapons?
Sure gold can buy those things, but if you can make them then you can make gold. It's all perception of money and what an item is worth.
How can you equate a skill and a form of currency? Its comparing apples to oranges. The two aren't mutually exclusive. Even in a primitive world, assuming gold is in adequate abundance, it'll be used as currency so you might as well have a skill that'll give you gold to trade for other things. Barter economies are inefficient
Pretty sure that's what I meant.
but if you can make them then you can make gold
Skills are worth more than money or people wouldnt pay for them................
wrong x 10
in a world without paper money, gold would be one of the things used for currency.
skills aren't worth "more" than money either. a certain skill is worth a certain amount of money
A certain skill is worth a certain amount of money as many times as you can do it..........
I'd rather have a worthwhile skill than money in my hand.
Edit: this is under the assumption that a "worthwhile skill" is one that a lot of people need as well as assuming that the market is not flooded with people that can perform this skill. If it's not needed and something that anyone can do it does not fit my definition of "worthwhile" for the sake of the post
Originally posted by: slayer202
Originally posted by: EMPshockwave82
Originally posted by: Mo0o
Originally posted by: EMPshockwave82
because people equate precious metals to money when paper money is worth nothing
It's all perception. Gold is rare and it is a precious metal but I would rather have a skill than gold.
What's worth more in a primitive world where paper money is worth nothing? Gold or the ability to make knives / guns / gun powder / strong weapons?
Sure gold can buy those things, but if you can make them then you can make gold. It's all perception of money and what an item is worth.
How can you equate a skill and a form of currency? Its comparing apples to oranges. The two aren't mutually exclusive. Even in a primitive world, assuming gold is in adequate abundance, it'll be used as currency so you might as well have a skill that'll give you gold to trade for other things. Barter economies are inefficient
Pretty sure that's what I meant.
but if you can make them then you can make gold
Skills are worth more than money or people wouldnt pay for them................
wrong x 10
in a world without paper money, gold would be one of the things used for currency.
skills aren't worth "more" than money either. a certain skill is worth a certain amount of money
Originally posted by: JS80
Originally posted by: slayer202
Originally posted by: EMPshockwave82
Originally posted by: Mo0o
Originally posted by: EMPshockwave82
because people equate precious metals to money when paper money is worth nothing
It's all perception. Gold is rare and it is a precious metal but I would rather have a skill than gold.
What's worth more in a primitive world where paper money is worth nothing? Gold or the ability to make knives / guns / gun powder / strong weapons?
Sure gold can buy those things, but if you can make them then you can make gold. It's all perception of money and what an item is worth.
How can you equate a skill and a form of currency? Its comparing apples to oranges. The two aren't mutually exclusive. Even in a primitive world, assuming gold is in adequate abundance, it'll be used as currency so you might as well have a skill that'll give you gold to trade for other things. Barter economies are inefficient
Pretty sure that's what I meant.
but if you can make them then you can make gold
Skills are worth more than money or people wouldnt pay for them................
wrong x 10
in a world without paper money, gold would be one of the things used for currency.
skills aren't worth "more" than money either. a certain skill is worth a certain amount of money
Why would you accept for payment a shiny metal that the government can just potentially confiscate and/or make illegal for use as currency?
Originally posted by: XZeroII
Originally posted by: JS80
Originally posted by: slayer202
Originally posted by: EMPshockwave82
Originally posted by: Mo0o
Originally posted by: EMPshockwave82
because people equate precious metals to money when paper money is worth nothing
It's all perception. Gold is rare and it is a precious metal but I would rather have a skill than gold.
What's worth more in a primitive world where paper money is worth nothing? Gold or the ability to make knives / guns / gun powder / strong weapons?
Sure gold can buy those things, but if you can make them then you can make gold. It's all perception of money and what an item is worth.
How can you equate a skill and a form of currency? Its comparing apples to oranges. The two aren't mutually exclusive. Even in a primitive world, assuming gold is in adequate abundance, it'll be used as currency so you might as well have a skill that'll give you gold to trade for other things. Barter economies are inefficient
Pretty sure that's what I meant.
but if you can make them then you can make gold
Skills are worth more than money or people wouldnt pay for them................
wrong x 10
in a world without paper money, gold would be one of the things used for currency.
skills aren't worth "more" than money either. a certain skill is worth a certain amount of money
Why would you accept for payment a shiny metal that the government can just potentially confiscate and/or make illegal for use as currency?
What is to stop them from doing the same thing with paper currency?
Originally posted by: theflyingpig
As an alchemist, I find gold to be one of the most common elements. It was incredibly rare about a hundred years ago, but now you can find gold anywhere. This is due to alchemy. No one will admit it, but it's true.
The value of gold is only partly artificial. You see, the only way to transmute a substance into gold is to use what is known as the "Philosophers Stone". What is not commonly known, is that the Philosophers Stone is not something that can be found. It must be made. There is a high cost to creating it though. To make mine, I had to slaughter ten thousand innocents. This proved difficult, but I went through with it, and my efforts were rewarded with the ability to make gold.
What does this have to do with the relative worth of gold? I'll tell you why. To my knowledge there are only three Philosophers Stones in the world. I have one, and two others, who I shall not mention by name have them. We three are the ones who create all of the gold in the world. It is we who control the price of gold.
Originally posted by: slayer202
last time I checked the govt didn't confiscate gold. doesn't really make a difference in the arguement anyway
Originally posted by: XZeroII
Originally posted by: slayer202
last time I checked the govt didn't confiscate gold. doesn't really make a difference in the arguement anyway
What? Check your history around the great depression. The government confiscated all personal silver and gold.
Originally posted by: theflyingpig
As an alchemist, I find gold to be one of the most common elements. It was incredibly rare about a hundred years ago, but now you can find gold anywhere. This is due to alchemy. No one will admit it, but it's true.
The value of gold is only partly artificial. You see, the only way to transmute a substance into gold is to use what is known as the "Philosophers Stone". What is not commonly known, is that the Philosophers Stone is not something that can be found. It must be made. There is a high cost to creating it though. To make mine, I had to slaughter ten thousand innocents. This proved difficult, but I went through with it, and my efforts were rewarded with the ability to make gold.
What does this have to do with the relative worth of gold? I'll tell you why. To my knowledge there are only three Philosophers Stones in the world. I have one, and two others, who I shall not mention by name have them. We three are the ones who create all of the gold in the world. It is we who control the price of gold.