4 ms·
I am assuming you are American. A vault of gold is more important than any stocks or factories. You come to realise its value through cultural memory.
by rtx 6y ago
I am assuming you are American. A vault of gold is more important than any stocks or factories. You come to realise its value through cultural memory.
- oh_sigh 6y agoA vault of gold does nothing but sit there. A factory produces things that people actually want to use. I'd prefer to live in a society filled with factories versus a society filled with gold vaults.
- Nasrudith 6y agoIsn't that just a tautology? The vault of gold is valued because it is culturally valued? The only "durability" is due to irrationally viewing the potential for a stock or factory to no longer produce anything while ignoring that gold already produces nothing. Like judging ashes as the better fuel since it can't be depleted.
- amiga_500 6y agoThis just illustrates the warped perception most have about what constitutes economic value. What is more useful? A factory that makes shoes for your population or a vault of gold? Gold has a role, but factories are king. This is why the USA is so, so screwed in handing over manufacturing to China. Americans usually criticize China by stating that they will stop consuming and what will China do? Nuts.