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ok, I don't see people lugging around a bunch of gold coins in their purses in the future. It doesn't make sense. edit: I actually agree 100% on "You seem to
by fredfoobar 6y ago
ok, I don't see people lugging around a bunch of gold coins in their purses in the future. It doesn't make sense.
edit:
I actually agree 100% on "You seem to be under the impression that only 'better' things exist. That is wrong."
Worse things will also exist, but won't be adopted by the majority.
- droffel 6y agoIn terms of weight, gold is a bit more valuable than twenty dollar bills, pound for pound. And its density is much higher. In no sense would the average person be 'lugging around' a bunch of gold coins for day to day activities. There are many (better) arguments against the readoption of a gold standard. This one doesn't hold its weight (heh).
- BMSmnqXAE4yfe1 6y agoIt is much costlier to verify that a gold bar doesn't contain some lead than to verify that a $20 bill is authentic. That is why if you buy a gold bar and immediately sell it, you will lose 10-20% of its value.