no social contract necessary to make gold real money. Rome falls, gold remains. gold is not dependent on the usa, china, no one. the dollar is dependent on faith. gold is an essential element, with no liabilities. it is. we dont call it the dollar rule, we call it the golden rule. the buck stops here, but gold is what we make wedding rings out of to symbolize long term.
what part of history dont i understand? you say gold is dependent on social contructs? well, that’s true, but only in the sense that “man is the measure of all things”, and nothing really has any value thatw e don’t impart to it. but that’s not the question. the question goes well beyond whetehr or not gold has any intrinsic value; the question is, given that empires rise and fall and fade into the sand, what single item, paper money, tulips, or gold, has stood the test of time and been picked up by virtually every single “socially constructed ” society and been viewed as a store of valueand survived the collapse of that society, wars, famine, plagues???. not tulips. not paper money. GOLD!!! GOLD!!!! GOLD!!!!!!! it is more fevereed, more elemental, more insane that the thirst for real estate. king midas didn’t make subdivisions. he had gold. it is a fearsome basic thing. yeah, i see the point, it doesn’t DO anything, doesn’t genenrate any income, doesn’t satsify and basic need, doesn’t produce fruits or crops, doesn’t cash flow. but it is eternal. if there is anything remotely resembling man on the planet 500 years from now, there will still be gold, and people will still be fighting about it, long after every single currently listed business on ay stock exchange has vansihed form the earth, every house is mulch…im not saying the businesses are bad investments because of that, i’m not saying houses are bad investments because of that basic truth — what I am saying is that when the poop is about to hit the fan, gold shines. because it has a pedigree, because it is forever, because it’s not going anywhere. ever…
i also doubt you will see the dollar absoltuely collapse, followed by gold as real money. but that doesn’t mean you shouldn’t have it. the dollar of a century ago is worth a nickel today. follow the trend. there is nowehre to go but down from here. the dollar of today will be worth a nickel some years hence. how many years no one knows. but the trend is well established and there’s no turning back.
