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Gold is money only because most people agree on that. If our civilization collapses the only 'money' people will take will be corn and rise. Said that, I agree
by jpablo 17y ago
Gold is money only because most people agree on that. If our civilization collapses the only 'money' people will take will be corn and rise.
Said that, I agree that gold has value, it has it's uses. But when it's get used as a 'safe' currency it's all artificial.
- derefr 17y agoIf our society collapses, rebuilding parts of it will give great economies of scale to those with the requisite knowledge. Gold might not be the most worthful metal, though; that might go to copper, until the infrastructure gets built back up to the point where we're concerned with gold's particular conductivity.
- aaronblohowiak 17y agoCurrency is artifice.
- dkersten 17y agoI would say tinned food and ammunition.
- rsheridan6 17y agoPeople have agreed on gold's value for thousands of years. I don't think anything worse than the fall of Rome is likely to happen, and gold retained its value even then.