LogFAQs > #879937503

LurkerFAQs, Active DB, Database 1 ( 03.09.2017-09.16.2017 ), DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	Tim Kaine's son arrested for partaking in violent riot near Minnesota capital
yutterh 05/27/17 10:44:06 PM #20:	TheWorstPoster posted... dainkinkaide posted... The value of gold is just as arbitrary as fiat currency. It stays the same. But bank-notes, based off of thin air, which is constantly devaluing due to it, plus interest, is inflation. His point is that gold only has value because we gave it value. Gold is just a shiny rock. If someone wanted gold to be worth more they can. Currency doesn't even really exist anymore, it's all numbers on a computer. --- i7-5820K 3.3GHz, Asus X99-DELUXE, Corsair H110i GTX, 850 EVO 1TB, EVGA GTX 970 4GB FTW ACX2.0, Corsair 760T, EVGA 850W, Orion Spark, Proteus Core, Benq BL3200PT <cite>yutterh posted [p:879937503] in Tim Kaine'... [t:75394026]...</cite> <quote><cite>TheWorstPoster posted...</cite> <quote><cite>dainkinkaide posted...</cite> <quote>The value of gold is just as arbitrary as fiat currency.</quote> It stays the same. But bank-notes, based off of thin air, which is constantly devaluing due to it, plus interest, is inflation.</quote> His point is that gold only has value because we gave it value. Gold is just a shiny rock. If someone wanted gold to be worth more they can. Currency doesn't even really exist anymore, it's all numbers on a computer. --- i7-5820K 3.3GHz, Asus X99-DELUXE, Corsair H110i GTX, 850 EVO 1TB, EVGA GTX 970 4GB FTW ACX2.0, Corsair 760T, EVGA 850W, Orion Spark, Proteus Core, Benq BL3200PT</quote> ... Copied to Clipboard!
Topic List	Page List: 1