Re: Why does gold have value?


veg_all@xxxxxxxxx wrote:
> I dont understand why gold is the base for all money? It has no
> practical use in society other than something that women desire. Does
> this mean that a woman's desire is more valuable than steel for
> example? Why wasn't steel, wood or food chosen as the base for all
> money?

Because miners don' t go around sayng:

"There is gold in them thar hills, just to give the gold to quacks
like economists".

Since gold has has been never the base for all money.
Gold and Silver Certificates used to be, but that was
when Lincoln ran the economy.

Since the gold women desire isn't gold anyway,
it's gold earings.

Steel would the most foolish for a money base,
since it's the most magnetic of all metals.

Wood is the base for home economics,
since that's where two by fours and pool decks come from.

food can't be a base for anything, snce you
have to separate elephant food from human food.

.

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