Gold and silver isn't real money. Real money has value outside of the physical realms or real money is what you want it to be. Silver and Gold, even their value is a given. 1000s of years ago, Gold and Silver were useless. There are non-physical things which are more valuable than physical
Physical reality started off as non-physical. For that reason, we have manipulation of time and space.
You do not even understand what money is, you are a user of money not a creator. The people who created the concept of money know well that even platinum or copper can be used as real money or anything which guarantees proof of exchange.
You have it backwards. There was no conspiracy to use gold as money over say...tree bark.
Money requires certain characteristics like durability, fungibility, portability, and scarcity, then other tertiary traits like malleability and stability of value.
It turns out there are VERY FEW materials on earth that actually function well as money to fit these characteristics. A small class of metals known as "the noble metals" fulfills these traits better than the other available options, of which gold and silver are a part of.
So why did gold make it to the top? Because the ecosystem we live in is mostly made of nitrogen, oxygen, and water, and gold does not react with any of these elements. This makes it excel at the 'durability' trait required of money because it's just about completely inert.
Silver doesn't react with any of those, but it can tarnish from random sulfer in the atmosphere. The tarnish doesn't really effect it's durability, but it's just not as inert as gold. However, gold is slightly too soft, so silver has an edge in durability in that regard, while also having infinitely more use cases in industry for better intrinsic value.
There's not really a winner take all among the noble metals since silver and gold both have their pros and cons. Platinum wasn't used much money-wise just because it's not very malleable. Then copper (which is SORT of a noble metal ) was added to the mix to try and increase granularity.
Silver is by far the most undervalued at the moment.
Gold and silver isn't real money. Real money has value outside of the physical realms or real money is what you want it to be. Silver and Gold, even their value is a given. 1000s of years ago, Gold and Silver were useless. There are non-physical things which are more valuable than physical
Physical reality started off as non-physical. For that reason, we have manipulation of time and space.
Sorry haven't read yur article by the way. ;-)
I'm out. I am not arguing with people who are stoned out of their minds typing stuff like:
"real money has value outside of the physical realms"
"Physical reality started off as non-physical. For that reason, we have manipulation of time and space."
Sure, it's not easy to grasp complex information such as this one. To make things simple, value is speculative.
Are you kidding me? What kind of backwards logic is this. Gold and silver are the definition of real money!
You do not even understand what money is, you are a user of money not a creator. The people who created the concept of money know well that even platinum or copper can be used as real money or anything which guarantees proof of exchange.
Money is a means of exchange. Nothing more.
You have it backwards. There was no conspiracy to use gold as money over say...tree bark.
Money requires certain characteristics like durability, fungibility, portability, and scarcity, then other tertiary traits like malleability and stability of value.
It turns out there are VERY FEW materials on earth that actually function well as money to fit these characteristics. A small class of metals known as "the noble metals" fulfills these traits better than the other available options, of which gold and silver are a part of.
So why did gold make it to the top? Because the ecosystem we live in is mostly made of nitrogen, oxygen, and water, and gold does not react with any of these elements. This makes it excel at the 'durability' trait required of money because it's just about completely inert.
Silver doesn't react with any of those, but it can tarnish from random sulfer in the atmosphere. The tarnish doesn't really effect it's durability, but it's just not as inert as gold. However, gold is slightly too soft, so silver has an edge in durability in that regard, while also having infinitely more use cases in industry for better intrinsic value.
There's not really a winner take all among the noble metals since silver and gold both have their pros and cons. Platinum wasn't used much money-wise just because it's not very malleable. Then copper (which is SORT of a noble metal ) was added to the mix to try and increase granularity.
Silver is by far the most undervalued at the moment.
Never implied that there was a conspiracy, at least not in begining of the early trading days.
Alright
I don't see the importance of intrinsic value in terms of serving a purpose as a means of transfer of value unless probably for stability.
Fair conclusion based on the info you provided.
Your comments are too ignorant to continue a conversation.
Yes to the history, but but not the concept or definition. You are free to move on buddy.