re: Is there anyone here who supports fiat curreny/the Federal Reserve?

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Military is a factor, but not the biggest. Look over history and you'll see that trade was by far the biggest factor

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Of course it is. But if you don't "play ball" you get the military.
Only the staunchest Fascist could enjoy the slaughtering of women and children for the sake of maintaining its currency/power.
Furthermore, as I stated in an earlier thread, it literally makes me want to vomit to think about our best and bravest being thrust into harm's way to do the dirty work of the Federal Reserve in the guise of fighting terrorism.

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is this gold's primary source of demand, driving its price? has it always been? what drove its value, say, to the writers of the Old Testament? was it so they could plate their HDMI cables with it?

what if one day everyone decided that gold sucked for jewelry and it became worthless for that use? how much of its current perceived value remain in your estimation?

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If we ever have another standard based on gold, maybe you'll have the choice to keep your fiat money. It should be you right to do so.

I doubt anyone will stand in your way. Why would they?

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Yes, it has many uses of very real value. Ask NASA or any scientist.

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I'm very well aware of scientific views on gold, you just don't get it. Investing at the level that my firm does means you have to analyze ALL aspects of something. Gold across the spectrum is pretty decent at doing a lot of things but not elite at doing anything. It can conduct electricity, but not as well as silver or copper. It works as a radiation shield and reflector for NASA space shuttles but they would rather have rare earth metals because they do a much better job. It's actually softer and more malleable than aluminum when its stretched, but again rare earths are better in this context as well. The advancement of materials science can find various metals and materials that do things better than gold. It has a perceptual technical demand as an inflation indicator against all currencies, but then last year when that view tanked out you say gold drop 28%.

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I can't speak for others but I would prefer any currency backed by anything of real value over fiat currency. Each to their own. I believe we should have a choice. Why would you oppose freedom of choice?

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I don't oppose freedom of speech. You said a currency backed by a commodity would win out. I asked you to explain why you say it with such absolutism. I've stated that we have had such a system and history has shown that is has flaws greater than fiat.

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You have to be kidding. But I'm afraid you aren't. Look up the meaning of the word fiat. Gold has value regardless of what I say, believe, or dictate.

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I'm done. You are far too stubborn and obviously have never spent any time in markets to know that if nobody wants to buy something, than it has no value. Value is nothing more than that which is determined by supply and demand. No demand means no value, its as simple as that. There is value for gold because there is demand for gold, so go buy it. We'll talk in a little while and you can tell me all about how "stable" its been.

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Furthermore, as I stated in an earlier thread, it literally makes me want to vomit to think about our best and bravest being thrust into harm's way to do the dirty work of the Federal Reserve in the guise of fighting terrorism.

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frick this board.

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I WANT someone to stand in my way

(provided they have a better suggestion and a convincing empirical argument)

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Tell 'em!

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You lose.

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As long as we have Federal Reserve-backing Fascists controlling this country, we all lose.

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I'm done.

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Good. Go Hogs!
...and for Tiger fans...

(Edited to remove IB's attack on me which I had quoted.)



BTW, I RA'd.

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Yes, it has many uses of very real value. Ask NASA or any scientist.

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So does copper, lead, uranium, iron ore, salt etc.!