[QUOTE="HerbieCucumber"]Rocks can't be money. How the hell would vending machines work with rocks? You obviously aren't familiar with Flintstonian economics.
Gold like most things has a monetary value. You can trade gold for money, just like you trade your old washing machine for money. Neither would be accepted as currency down the local supermarket.
Gold like most things has a monetary value. You can trade gold for money, just like you trade your old washing machine for money. Neither would be accepted as currency down the local supermarket.
poptart
what happens if i took a bar of gold in to buy a packet of crisps.
Gold like most things has a monetary value. You can trade gold for money, just like you trade your old washing machine for money. Neither would be accepted as currency down the local supermarket.
PcGamingRig
what happens if i took a bar of gold in to buy a packet of crisps.
You would probably given the store if the bar is big enough.
Gold like most things has a monetary value. You can trade gold for money, just like you trade your old washing machine for money. Neither would be accepted as currency down the local supermarket.
poptart
:lol:
Sir, we don't accept washing machines here
But this is worth 100 dollars, my groceries are worth 100 dollars...its an even trade!
Sir, please take the washing machine off the counter!
I'm not too clever in 'metal knowledge' but I'm aware there are higher quality metals than Gold, I was just sayin; Gold's a metal that's worth somethin, so is [random example of another metal] :)
I'm not too clever in 'metal knowledge' but I'm aware there are higher quality metals than Gold, I was just sayin; Gold's a metal that's worth somethin, so is [random example of another metal] :)
NirdBerd
It's all good. Titanium is an expensive metal too, but needs to be treated carefully as chromium based metals can cause corrosion in a normally corrosive resistant material. Thus tools or dies (such as used to create coins) need to be made of other metals that will not cause problems with it.
Honestly, I am not a metallurgist either, I just inspect metal stuff, usually carbon or stainless steel items, but have inspected titanium vessels in the past at a chemical plant. My knowledge of catalytic converters comes from being a mechanic at one time.
BTW, folks, I think this is what inspired this thread (though BMD004 can correct me if I'm wrong):http://www.realclearpolitics.com/video/2011/07/13/bernanke_to_ron_paul_gold_is_not_money.html
BTW, folks, I think this is what inspired this thread (though BMD004 can correct me if I'm wrong):http://www.realclearpolitics.com/video/2011/07/13/bernanke_to_ron_paul_gold_is_not_money.html
Our currency was once based on gold but is now based mainly on our belief it's worth something.
carrot-cake
Well, gold is only worth so much because we give it such a high value. Same thing with out pretty coloured pieces of paper we call currency. Gold is worth so much because it is a rare metal that happens to have a high demand in jewellery (cause its very prettiful when combined with some old carbon) and electronics. High demand, low supply = expensive.
Gold is WORTH money. Otherwise? No. The gold standard has been abandoned for something like 50 years now and, despite the requests of folks like Ron Paul, isn't ever coming back. So, no, gold is only money if you're playing a game like Dragon Age.
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