(March 22, 2015 at 5:42 pm)Esquilax Wrote: And even within the context of industry and manufacturing, the value of gold comes from its utility within those industries; it is a value placed upon if from outside. Hell, even considering the thousands of years of history that gold has had value that Huggy references, that value wasn't just inherent within the gold, the gold was valuable because it was scarce, because it was resilient as a metal, and easily fungible. Again, the value was placed upon gold due to the way it adheres to things humans within communities find valuable. It was a reaction between the attributes of gold and human perception, not simply because gold was gold.
Huggy's got this wrong backwards and forwards, so I guess we can chalk this up as another thing he doesn't understand and will not budge on.
Here is the bottom line, given a choice between $1000 dollars cash or Gold, which do you take?
