Gold in Ft. Knox

[SK in CV]

[quote=investor]Good question. If there was a melt down (a severe lack of confidence) in the fiat currency of the US/ world, only commodities with inherant value would matter.(Food, oil for your car, gold/silver for trading purposes.) [/quote]

I question…err…probably more accurately, dispute, that gold has significant inherent value. Food does. Shelter does. Oil does. But gold? It’s value as a replacement for money is purely a social construct.

[patb]

[quote=urbanrealtor]I know the usual libertarian tropes about precious metal standards and I am not interested in that discussion now.

My questions is this:
Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?

I am not arguing. Its a serious question and I would like to hear actual views on it.[/quote]

mostly for trade with arabs.

[patb]

[quote=urbanrealtor]I know the usual libertarian tropes about precious metal standards and I am not interested in that discussion now.

My questions is this:
Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?

I am not arguing. Its a serious question and I would like to hear actual views on it.[/quote]

mostly for trade with arabs.

[patb]

[quote=urbanrealtor]I know the usual libertarian tropes about precious metal standards and I am not interested in that discussion now.

My questions is this:
Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?

I am not arguing. Its a serious question and I would like to hear actual views on it.[/quote]

mostly for trade with arabs.

[patb]

[quote=urbanrealtor]I know the usual libertarian tropes about precious metal standards and I am not interested in that discussion now.

My questions is this:
Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?

I am not arguing. Its a serious question and I would like to hear actual views on it.[/quote]

mostly for trade with arabs.

[patb]

[quote=urbanrealtor]I know the usual libertarian tropes about precious metal standards and I am not interested in that discussion now.

My questions is this:
Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?

I am not arguing. Its a serious question and I would like to hear actual views on it.[/quote]

mostly for trade with arabs.

[scaredyclassic]

gold has inherent value because it is beautiful. hold a rock or a hunk of aluminum or a brick in one hand, then hold some gold in another. you will understand. we are not animals looking for just food and shelter. We are humans. Beauty matters.

[scaredyclassic]

gold has inherent value because it is beautiful. hold a rock or a hunk of aluminum or a brick in one hand, then hold some gold in another. you will understand. we are not animals looking for just food and shelter. We are humans. Beauty matters.

[scaredyclassic]

gold has inherent value because it is beautiful. hold a rock or a hunk of aluminum or a brick in one hand, then hold some gold in another. you will understand. we are not animals looking for just food and shelter. We are humans. Beauty matters.

[scaredyclassic]

gold has inherent value because it is beautiful. hold a rock or a hunk of aluminum or a brick in one hand, then hold some gold in another. you will understand. we are not animals looking for just food and shelter. We are humans. Beauty matters.

[scaredyclassic]

gold has inherent value because it is beautiful. hold a rock or a hunk of aluminum or a brick in one hand, then hold some gold in another. you will understand. we are not animals looking for just food and shelter. We are humans. Beauty matters.

[Author]

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