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To: old curmudgeon

All gold buggers are little minds.

Gold was money because until the modern age of electronics it was completely useless. You don’t want your money to be consumed to make stuff or feed people. So we decided to make it money. And now small minded people who don’t understand history think it is innately valuable. It isn’t. Innately valuable things make bad. But we’ve been pretending it’s valuable so long people forget it’s a lie.


14 posted on 07/08/2023 7:02:03 PM PDT by discostu (like a dog being shown a card trick)
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To: discostu
Gold was money because until the modern age of electronics it was completely useless.
Straight out of Quora?

Why Has Gold Always Been Valuable?

Unlike many other metals, gold doesn’t corrode or otherwise deteriorate in quality. In addition, gold is rare enough that not everyone can make a gold coin, but there is a sufficient supply to ensure a healthy circulation of coins. You don't sound like you know what you're talking about.
17 posted on 07/08/2023 7:31:13 PM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty and supped with infamy. Benjamin Franklin)
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To: discostu

Again you completely miss the point.

The need for gold as a backup for money is t keeps governments from printing money at the rate our government prints it.

It is the only way to bring sanity to the budget process.

A required gold reserve would also end the fallacy that the government can manage the economy. The record demonstrates that the Federal Reserve has done nothing more than harm, upset and render business and personal planning very difficult.

The Federal Reserve is a scam in the same class as the wu-flu and global warming/climate change.


20 posted on 07/08/2023 7:50:47 PM PDT by old curmudgeon (There is no situation so bad that the federal government can not make worse.)
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To: discostu
Gold was money because until the modern age of electronics it was completely useless.

THHHHAAAAAATTTT's why.

Not because it was shiny and attractive, never tarnished, malleable, rare, and could be pounded into a sheet so thin you could use it to plate anything.

Rocks are (by your assumed definition) completely useless, yet they never took off in value.

41 posted on 07/09/2023 7:33:45 AM PDT by Lazamataz (The firearms I own today, are the firearms I will die with. How I die will be up to them.)
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