So, now that Gold's lost 4.9% in a single day of trading are the Libertarian Gold-Bug wing-nuts still pushing?

Answers:5   |   LastUpdateAt:2021-06-11 00:10:51  

Question
Alicia
Asked at 2012-07-19 14:03:01
the usual diatribes about Fiat / currency Ponzi scheme or have finally learned to keep my mouth shut ?
Answer1Alexis MuzquizAnswered at 2012-10-06 10:40:40
Last week FNC was discussing the possibility that the gold "bubble" pop . one or more doses of bad news , I guess.
Answer2ray rayAnswered at 2012-10-19 21:04:44
The 'natural' value of gold is essentially zero ( good electrical conductor , good tooth filling , to the best of my memory that represents less than 10 % of its use ... Name a more practical use for gold ) . The " value " of gold is imaginary and sustained only by belief in its value . If fiat currency is a Ponzi scheme because it is symbolic then gold is also a fiat currency , as it is also symbolic . (Not all " currency " fundamentally " fiat " in nature by definition ? ) When civil society collapses ( for many tinfoil hat using rods libertarians like to say is precisely the case that gold treasure ) , gold by default natural real value (zero ) , since its only value that is not an artificial construction of civil society . MedlinePlus MedlinePlus Just because you feel that it is not.
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Answer5 Answered at 2021-06-11 00:10:51

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