[discostu]

He didn't say gold has no intrinsic value, in the chapter I've refered you to he discusses the history of money and why we moved away from metal money. It's other economists, like every economist that's every analyzed these things, that say gold has no intrinsic value.

Again, jewelry isn't an industry it's decoration and does not show intrinsic value. In the 80s there was a breif fad in northern Mexico to tie live beetles to a pin and pin them on you, it was jewelry, are you going to tell me that beetles had an intrinsic value because of that? And the electronic uses of gold only date back about 50 years. Meaning for 4950 years of recorded human history it had NO intrinsic value, and now it has a little intrinsic value, but again molecular copper is better. Find me another industry where gold is actually used.

Sorry hos. By every definition used for instrinsic value by economists throughout history. Gold doesn't have any. Stamping your feet and yelling "it does it does" won't change the basic reality of the situation. It doesn't.

[#3Fan]

He didn't say gold has no intrinsic value, in the chapter I've refered you to he discusses the history of money and why we moved away from metal money. It's other economists, like every economist that's every analyzed these things, that say gold has no intrinsic value.

It is used in industry and jewelry, and therefore has intrinsic value.

Again, jewelry isn't an industry it's decoration and does not show intrinsic value.

I'll tell that to the jewelry store owner up the street here and see what he says about jewelry not being a real industry. LOL

In the 80s there was a breif fad in northern Mexico to tie live beetles to a pin and pin them on you, it was jewelry, are you going to tell me that beetles had an intrinsic value because of that?

If they were selling them for that they did.

And the electronic uses of gold only date back about 50 years.

So there's a certain time of probation?

Meaning for 4950 years of recorded human history it had NO intrinsic value, and now it has a little intrinsic value, but again molecular copper is better.

It has been used for jewelry, eatingware, since man first found it and has intrinsic value.

Find me another industry where gold is actually used.

Dentistry, medicine, sun visors, eatingware, doorstops, suits, gravitation meters, architecture, roofing, finance, bullets.

Sorry hos. By every definition used for instrinsic value by economists throughout history. Gold doesn't have any.

The element is used in jewelry and industry and has intrinsic value.

Stamping your feet and yelling "it does it does" won't change the basic reality of the situation. It doesn't.

Denying the history of it's uses above won't change reality either.