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Haha ok glad we are on the same page now. I was originally responding to a comment about the intrinsic value of gold. How does one apply http://en.m.wikipedia.o
by dwaltrip 13y ago
Haha ok glad we are on the same page now. I was originally responding to a comment about the intrinsic value of gold. How does one apply http://en.m.wikipedia.org/wiki/Intrinsic_value_(finance) http://en.m.wikipedia.org/wiki/Intrinsic_value_(finance) to gold? It produces no cash flow or income. This is why I used a philosophical approach :p
- rantanplan 13y agoHeh, approaching economics from a philosophical standpoint is the road to madness. I'd argue that sociology is a better approach to understanding economics, but then I would have fallen into your trap; because then we'd have a philosophical discussion :P I'm far from an expert in economics, but if you're interested in the (very dirty)history of gold, the wikipedia page of the "Gold Standard" is a good start. Time to sleep :)