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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: J_F_Shepard who wrote (980745)11/10/2016 3:12:08 PM
From: koan1 Recommendation

Recommended By
James Seagrove

  Read Replies (2) | Respond to of 1572371
 
Because gold and silver are the most reliable instruments of monetary exchange that has ever existed. You tell me when in recorded history that gold and silver lost its value? Everything else has lost its value at one time or another. Think of it in terms of probability.

As you probably know in statistics, the validity of probability, is dependent on the validity of reliability.

I don't think the God analogy is apt:)>. There is no science supporting the existence of God, there is extensive science in terms of probability supporting the use of gold and silver as measurements of value.

It is the one thing you can always depend on in times of chaos. No matter what happens to the world, no matter what happens to financial instruments, gold and silver will always have intrinsic value.

Even if we entered a post-apocalyptic,period, gold and silver would be used as mediums of exchange. It is a constant and one of the few on earth and the best one.

Try and think of a situation where it would lose its value. And I believe at the moment it is at the bottom.

There are times in life when one has to be a hard-core realist and that time is right now.

<<That's something that has always troubled me, something like the existence of a god....... Why do you propose using all of a nestegg to buy a shiny metal, something difficult to store and heavy to move? Intrinsically both metals have nothing but industrial value due to their physical properties.... Of course, you can always make pretty jewelry and trinkets but to base a nations economy on them seems ludicrous.... Oh yeah, you can decorate Trumps apartment and other properties...