Gold is the only real money

[pinqy]

I offered you some of my paper currency.

obviously I was talking about your US Dollars which you would not give me because of value!!

Of course they have value. I never said otherwise.

 

[EdwardBaiamonte]

Of course they[paper currency] have value. I never said otherwise.

Which has nothing to do with whether or not gold (or other commodities) have intrinsic value and serve the function of "store of wealth" where paper currencies do not

 

[pinqy]

Of course they[paper currency] have value. I never said otherwise.

Which has nothing to do with whether or not gold (or other commodities) have intrinsic value and serve the function of "store of wealth" where paper currencies do not

Exactly. So I'm not sure why you brought it up. I'm guessing you don't understand the concept, but it's Econ 101.

 

[EdwardBaiamonte]

Of course they[paper currency] have value. I never said otherwise.

Which has nothing to do with whether or not gold (or other commodities) have intrinsic value and serve the function of "store of wealth" where paper currencies do not

Exactly. So I'm not sure why you brought it up. I'm guessing you don't understand the concept, but it's Econ 101.

You can't seem to decide whether US dollars have value or wealth or have a store of wealth or are medium of exchange whatever it's gibberish why not try again in good English ?

 

[WheelieAddict]

Buy gold! Lose real money! The whole US govt and treasury is about to fold at any moment! Be prepared!

lol

 

[danielpalos]

Buy gold! Lose real money! The whole US govt and treasury is about to fold at any moment! Be prepared!

lol

Having a lot of gold and no Government, means you should probably try to start building your castle with your keep, as soon as possible.

 

[EdwardBaiamonte]

Buy gold! Lose real money! The whole US govt and treasury is about to fold at any moment! Be prepared!

lol

how great, a guy in a clown costume thinks he's got a crystal ball!!

 

[pinqy]

Of course they[paper currency] have value. I never said otherwise.

Which has nothing to do with whether or not gold (or other commodities) have intrinsic value and serve the function of "store of wealth" where paper currencies do not

Exactly. So I'm not sure why you brought it up. I'm guessing you don't understand the concept, but it's Econ 101.

You can't seem to decide whether US dollars have value or wealth or have a store of wealth or are medium of exchange whatever it's gibberish why not try again in good English ?

A medium of exchange is an intermediary to avoid the clumsiness of barter. The medium does not have to have any intrinsic value, but acts as a marker or tool to be exchanged for other goods. Fiat currency, bank checks, traveler's checks, money orders, etc all serve this function. These media all have value in their use of exchange, but by themselves have no value or use.
A store of value is something which has value on it's own, though often just for decorative purposes. Gold, silver, gemstones, beads, cigarettes can all be valued even if they are not used for money. That they are subject to supply and demand and could lose value is irrelevant because it is NOT tied to their use as money. Gold or silver coins, beads, cigarettes, have also been used as media of exchange with a defined value in relationship to other goods.

Do you see the difference now? Confederate paper currency lost all value in 1865. Confederate gold coins were still worth the amount of gold in them.

Again, in a modern society, store of value is not a necessary component of money.

 

[EdwardBaiamonte]

A medium of exchange is an intermediary to avoid the clumsiness of barter.

so paper money is a medium of exchange, it has value, is a store of value and represents wealth.
Why not think through what you are trying to say??

 

[EdwardBaiamonte]

Do you see the difference now?

difference between what ?? How could I see it if you dont say what it is? You have to know what your subject is. Do you??

 

[pinqy]

A medium of exchange is an intermediary to avoid the clumsiness of barter.

so paper money is a medium of exchange,

Correct.

it has value,

Partly correct: It has value where and when it is accepted as a medium of exchange.

is a store of value and represents wealth.

Incorrect. A store of value has value apart from its use as a medium of exchange.

 

[EdwardBaiamonte]

A store of value has value apart from its use as a medium of exchange.

so gold would have value if it had no use as a medium of exchange?

 

[Marion Morrison]

A store of value has value apart from its use as a medium of exchange.

so gold would have value if it had no use as a medium of exchange?

Yes it would, absolutely.

 

[EdwardBaiamonte]

A store of value has value apart from its use as a medium of exchange.

so gold would have value if it had no use as a medium of exchange?

Yes it would, absolutely.

wrong, gold has value only for its convertibility to paper money[a medium of exchange], without that you could make jewelry with it and some electrical stuff. Both gold and paper are stores of value since they are interchangeable.

 

[pinqy]

A store of value has value apart from its use as a medium of exchange.

so gold would have value if it had no use as a medium of exchange?

Jewelry, decoration, wiring.

 

[CultureCitizen]

All other money is fiat currency. Which can be good or bad, but in the United States case, it's bad because the fiat money is controlled by the Jews for their own benefit.

The United States money system is not run for the benefit of the American people, but for private Jewish interests.

Gold is just a scarce commodity. Money is an agreed means to exchange goods and services.

 

[pinqy]

A store of value has value apart from its use as a medium of exchange.

so gold would have value if it had no use as a medium of exchange?

Yes it would, absolutely.

wrong, gold has value only for its convertibility to paper money[a medium of exchange], without that you could make jewelry with it and some electrical stuff. .

ummm that is value. We don't currently use gold as currency or as money, but it still has value.

 

[Marion Morrison]

A store of value has value apart from its use as a medium of exchange.

so gold would have value if it had no use as a medium of exchange?

Yes it would, absolutely.

wrong, gold has value only for its convertibility to paper money[a medium of exchange], without that you could make jewelry with it and some electrical stuff. Both gold and paper are stores of value since they are interchangeable.

Ironic you'd say that on a messageboard, as it takes many devices with gold in them to make that happen.

It probably took 1/2 oz of gold or more just for you to type that and me see it.

 

[EdwardBaiamonte]

A store of value has value apart from its use as a medium of exchange.

so gold would have value if it had no use as a medium of exchange?

Yes it would, absolutely.

wrong, gold has value only for its convertibility to paper money[a medium of exchange], without that you could make jewelry with it and some electrical stuff. Both gold and paper are stores of value since they are interchangeable.

Ironic you'd say that on a messageboard, as it takes many devices with gold in them to make that happen.

It probably took 1/2 oz of gold or more just for you to type that and me see it.

Yes as I said gold has uses other than money but it's value fluctuates dramatically based on the value of paper money

 

[EdwardBaiamonte]

A store of value has value apart from its use as a medium of exchange.

so gold would have value if it had no use as a medium of exchange?

Yes it would, absolutely.

wrong, gold has value only for its convertibility to paper money[a medium of exchange], without that you could make jewelry with it and some electrical stuff. .

ummm that is value. We don't currently use gold as currency or as money, but it still has value.

It has value only in relationship to the value of paper there would be no relationship if they weren't ultimately convertible