Mr.Nick
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- May 10, 2011
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- #61
You are missing each others points here. In a complete and utter collapse, gold would lose all value. That is a given. In the time of grate turmoil, there would be only 4 real resources food, water, tools and protection. Food would be the only really sought after commodity. However, the world would stabilize (after most of the people died of course) and gold would become the standard. Why, you ask nick? Simple, it is rare and easily verified. I can easily check to see if the coin you are handing me in genuine and gold is a rare element and it serves as a general means of trade in all items. Sure, gold itself has no application other than a means to trade but its inherent rarity makes it the perfect mettle for this. History shows this to be true. Gold has been used to trade for THOUSANDS of years. It will be used for a thousand more.
There are plenty of "precious" metals (and stones) that are "rare" and gold is not one of them.
Why don't you buy diamonds dude?
Why gold and not diamonds?
Oh yeah, what the fuck is a person gong to do with a diamond?
Where do you get refined diamonds? That process is not simple where refining gold is. Also, rareity is both a problem AND a solution for a monetary system. It cannot be too rare that no one has any yet it must be rare enough so that it retains value. Gold seems to fit that perfectly.
By the way, I am sure that diamonds as well as other precious metals would play a part. All would be in the mix as a tradable resource. Gold is just the most common and universally accepted. Your resistance to the concept is puzzling. Again, thousands of years of history would prove you quite incorrect. Gold was and will be a form of currency.
How do you get graded coins?