Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Publius

Rand’s view of gold as a store of value is ironic. Gold’s only objective value is it’s usefulness in industrial processes.


10 posted on 05/09/2009 8:21:26 AM PDT by DManA
[ Post Reply | Private Reply | To 1 | View Replies ]


To: DManA
Gold’s only objective value is it’s usefulness in industrial processes.

Spoken like a liberal who has never held a Krugerrand!

Before there were industrial processes, gold had a value not dissimilar to what it has today. No one forces you to recognize this, but it would be nice if you would let those of us who do cling to our "fantasies."

ML/NJ

30 posted on 05/09/2009 2:27:53 PM PDT by ml/nj
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson