Re: Why does gold have value?
- From: "The Trucker" <mikcob@xxxxxxxxxxx>
- Date: Fri, 30 Dec 2005 18:29:07 -0800
"Andy F." <never.mind@xxxxxxxxx> wrote in message
news:41i8liF1dnqr2U1@xxxxxxxxxxxxxxxxx
>
> <veg_all@xxxxxxxxx> wrote in message
> news:1135708841.268410.125440@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>>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?
>>
>
> Gold is expensive because it takes a lot of work to get it out of the ground.
Labor theory of value?:)
> The fact that it's valuable and doesn't rust or decay makes it a good store of
> value.It's much easier to store a billion dollars worth of gold than a billion
> dollars worth of wood.
Whatever can be used to bribe the dudes with the swords
is "valuable".
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org
.
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