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To: Terabitten
"You can't eat gold, you can't sleep on it, or with it. Therefore, gold is as much a fiat currency as paper money in the event of a total economic collapse."

I had a teacher years ago who taught me about the real value of items.

He had a simple test: Imagine yourself on a deserted island with the item in question with no possible way to ever get off the island. If that item can reduce your workload to survive or give you sustenance or shelter then it has REAL value.

All else has fiat value.

40 posted on 10/23/2006 8:58:39 AM PDT by Mad Dawgg ("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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To: Mad Dawgg
He had a simple test: Imagine yourself on a deserted island with the item in question with no possible way to ever get off the island. If that item can reduce your workload to survive or give you sustenance or shelter then it has REAL value.


44 posted on 10/23/2006 9:28:01 AM PDT by Tijeras_Slim (Dancing through life like a street mime with tourettes syndrome.)
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