webby wrote:
Ayn Rand Disciple wrote:Gold has objective value because it has properties which make it a better store of value than anything other known resource on Earth. It is useful in industry (and the primitive equivalent of industry), prized for its beauty, soft, malleable, light, divisible, easy to carry, easy to store, etc. This is why gold and other precious metals emerged as money in all parts of the world thousands of years before the advent of modern central banks and their printing presses. Dingleberries are not suitable as currency because they are perishable, plentiful, and do not have any unique or important uses, among other reasons. Perhaps in an isolated community in which food was scarce and dingleberries were the only foodstuffs availible, they might emerge as currency, but that is an unrealistic hypothetical scenario. Gold is real money. That's why it's called the "gold standard" and not the "dingleberry standard."
Remind me not to go to dinner at this guy's home.
Lol X 1,000.