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Reply #16: No, actually gold has NO real value. It's just as arbitrary as a paper dollar. [View All]

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TheWraith Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 05:17 PM
Response to Reply #4
16. No, actually gold has NO real value. It's just as arbitrary as a paper dollar.
Having gold doesn't make you live longer, or make you healthier. You can't eat it, you can't wear it, and you can't sleep in it. It's simply a form of valued property, putting it in the same class with, say, a stack of 20 dollar bills. The only thing different about gold is that you can't manufacture it--which doesn't make it automatically valuable in and of itself, it simply makes it uncommon.

The belief that gold has inherent value is strictly a result of thousands of years of obsession with something scarce and pretty.
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