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| 09:43 AM | ||
| Users Online Now: 1,637 (Who's On?) | Visitors Today: 604,412 | |
| Pageviews Today: 952,217 | Threads Today: 200 | Posts Today: 3,928 |
| 09:43 AM | ||
someone explain to me why is Gold not fiat? | |
Saturneus (OP) User ID: 79741871  Israel12/18/2020 03:13 PM Report Abusive Post Report Copyright Violation | There are many application for gold and silver in real life. Gold and Silver are the best conductors. Silver for example has antiviral and antibacterial properties which are much better than antibiotics (without side-effects, see colloidals). Quoting: Anonymous Coward 77386432 But your question is not really a question cause you already made up your mind. I'm not exactly sure what the likes of you are being called, but I guess it's called a Shill, in your case with high probability a Digital-'Currency'-Shill. I shill for babies and fruits being the true currency Babies? Like in India? Millions of babies in filth, poverty and squalor? I'd rather have a lot of silver and a little gold. And maybe one or two kids to leave it all to. only true because people agree to do shit for gold. readjust your mind, because the time of people trust and doing shit for gold is about to end. The Age of Saturn is Nigh |
| Lupe_Ate_My_Taco's User ID: 78131002  United States12/18/2020 03:16 PM Report Abusive Post Report Copyright Violation | |
| Saturneus (OP) User ID: 79741871 Israel12/18/2020 03:18 PM Report Abusive Post Report Copyright Violation | Gold is Fiat now since they have been finding "Tungsten" Bar covered in Gold worldwide now. Quoting: Lupe_Ate_My_Taco's I won't touch Gold or Silver. You cannot fake Blockchain! so cover the earth in power plants to supply the electricity demands of miners? a currency (human trust) that derives its value from its scarcity? stuuupid. not going to happen. humanity is starting to internalize money and not assign value to external things. The Age of Saturn is Nigh |
| Anonymous Coward User ID: 5461667 United States12/18/2020 03:48 PM Report Abusive Post Report Copyright Violation | There are many application for gold and silver in real life. Gold and Silver are the best conductors. Silver for example has antiviral and antibacterial properties which are much better than antibiotics (without side-effects, see colloidals). Quoting: Anonymous Coward 77386432 But your question is not really a question cause you already made up your mind. I'm not exactly sure what the likes of you are being called, but I guess it's called a Shill, in your case with high probability a Digital-'Currency'-Shill. I shill for babies and fruits being the true currency Babies? Like in India? Millions of babies in filth, poverty and squalor? I'd rather have a lot of silver and a little gold. And maybe one or two kids to leave it all to. only true because people agree to do shit for gold. readjust your mind, because the time of people trust and doing shit for gold is about to end. Not true. It already ended around here. The hoi polloi would rather have a Hershey bar than a 10 oz silver ingot. They are low info, brainwashed, well programmed automatons. Thinking people recognize gold and silver as do all your compatriots in the world's central banks. |
| Anonymous Coward User ID: 78145469 United States12/18/2020 03:51 PM Report Abusive Post Report Copyright Violation | |
| Bonefortoona User ID: 77158791 United States12/18/2020 03:58 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78020158 United States12/18/2020 04:00 PM Report Abusive Post Report Copyright Violation | Of course it is. People decided (by fiat) not God that gold has value. (do you know what "fiat" means?) At one point wampum was exchanged around here, wambum was shells sewn into leather strips. It takes time to make and the better the craftsmanship the more valuable it was. No gold was around, just wampum. |
| Anonymous Coward User ID: 78248211  Canada12/18/2020 04:03 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 76729146 United States12/18/2020 04:06 PM Report Abusive Post Report Copyright Violation | Of course it is. People decided (by fiat) not God that gold has value. (do you know what "fiat" means?) At one point wampum was exchanged around here, wambum was shells sewn into leather strips. It takes time to make and the better the craftsmanship the more valuable it was. No gold was around, just wampum.  |
| Deafy Wickware User ID: 79280147 United States12/18/2020 04:08 PM Report Abusive Post Report Copyright Violation | gold is just as much fiat as paper or digital digits. Quoting: Saturneus its all about the trust people will do shit for you if you give them gold or digital digits for that matter. Anyone who is dumb enough to buy gold certificates, or ANY gold they don't hold in their hand in the form of bullion or coins, is an idiot. "Peace in our time? All it took was everybody about to die." “The way I see it, there’s only three kinds of people in this world. Bad ones, ones you follow, and ones you need to protect.” - Amos Burton |
| Anonymous Coward User ID: 5461667 United States12/18/2020 04:40 PM Report Abusive Post Report Copyright Violation | Of course it is. People decided (by fiat) not God that gold has value. (do you know what "fiat" means?) At one point wampum was exchanged around here, wambum was shells sewn into leather strips. It takes time to make and the better the craftsmanship the more valuable it was. No gold was around, just wampum. KJV, Haggai 2:8 The silver is mine, and the gold is mine, saith the LORD of hosts. Gold and silver were money when the Pharaoh was tormenting the Hebrews. God's money. Try again. |
| MarPep User ID: 78023632 United States12/19/2020 09:06 PM  Report Abusive Post Report Copyright Violation | Gold is not fiat simply because no one can declare a piece of stone as "Gold". If it takes time and effort to produce, and can not be "declared" as "money" without proof if it being gold, then is is not "fiat". As an aside, "money" should always be a representation of time, effort, and knowledge necessary to value production. In socialism, it is only whatever the "TPTB" decide it is. _______________ They let me off with a warning and a couple of bullet holes. |
