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797

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[–] • 1 pt

I think Comstock Lode near Reno, Nevada USA managed to at least double the US money supply through production of silver coins in a short period of time. There were historical examples of erratic money supply changes which had impacts on price levels. Note that honest money production is different than fiat money production, however. There were real costs in land, labor, capital, and entrepeneurism required to mine, refine, and mint silver.

[–] • 0 pt (edited )

aren't MOST precious metals, not REALLY precious when you THINK about it? What if we just said FUCK IT. Gold is worth 5 cents a pound? NOBODY "invest" in it. Would the assholes be able to support a FALSE market and MAKE us pay for high prices for their shit so THEY can get more gold? I mean, what is gold REALLY worth at the end of the day? People aren't THAT stupid are they? I mean wasn't gold held as valuable because of it's lack or rust and mostly stupid reasons like "pretty", SHUT UP girls. Problem solved?

[–] • 0 pt

It's readily divisible, durable (e.g. doesn't corrode or rot), rare, can be transported reasonably easily, non-reaction (I mean, you could use lithium, but your "currency" spontaneously bursting into flame would be bad), and soft enough that it can be refined using low-tech tools (e.g. not tungsten).

While all value is subjective, some elements make better currency than others.

[–] • 0 pt

Shit would be a good currency. IT's stinky (cuts down on the greed) and plentiful like communism loves for everyone. who eats.

[–] • 0 pt

Rule of scarcity. Supply and demand.

[–] • 1 pt

that's what I'm saying. ISN'T the "demand" ALL about "investing" not "beauty" these days? Isn't that contradictory? Gold is valuable simply because 'investors" have a huge appetite for it and NO other real reason? Just say NO. LIke drugs only realistic (drugs are CONSUMABLE)

[–] • 0 pt

Unless there exists much more than is known, supply remains limited. There are technological uses for it. Hedge investment is certainly part of it. But hedging as an anchor or as an investment?

Inflation didn't skyrocket until after divestment of gold for money and the migration to fiat.

Simple fact is, fiat is a failure and everyone knows we're heading back to money (unless they can trick morons into supporting digital currencies they completely control and can track every purchase). Money which is tangibly backed.

So no, I do not believe your analysis is entirely accurate.

[–] • 0 pt

No. You need to understand banking was already a thing. The illuminati and banking merchant Mercantile were already an established thing in the 1400s.

I don't remember the name, but there is a concept that had something to do with "two princes." Not been able to find anything on it in over a decade.

The concept is, you pit them against one another and sell and finance to both sides. The result is the bankers always wind up owning the loser. Because they also now have leverage on the winner, they are the hidden rulers. Royalty were the puppets. This means of power, control, and influence has existed since at least the 11th century.

My point? Inflation was strictly man made. Just as it is today. Gold was not a factor. Especially considering the closed economic systems and broad use of trade and barter then.

[–] • 1 pt

That sounds like something out of Machiavelli's "The Prince".