Gold and Steel

[bearice]

Quote from bearice and peilthetraveler:

First...forex wont exist if we go to gold. But if Forex industry ($1100 Trillion per year) shuts down, Barack Obama will beg on the streets.

I think this proves/evidence why Gold is not used as money.

World people have accepted paper money as real money and there must be a good reason for it.

 

[bearice]

Quote from athlonmank8:

The topic is gold and steel. God doesn't care about either.

No steel no development. Steel is the basic indicator of growth and development. God is for support.

 

[bkveen3]

Quote from peilthetraveler:

We can mine fast enough. Eventually the world will stop growing. (after all, we cant have infinte people on a finite planet)

Then why has the price of gold risen at all? Shouldn't the mines be able to keep supply relative to demand fixed? We have been hearing the "we can't keep growing" thing for a long time. The carrying capacity of the earth is continuously changing as our ability to use and reuse its resources change.

 

[peilthetraveler]

Quote from bearice:

I think this proves/evidence why Gold is not used as money.

World people have accepted paper money as real money and there must be a good reason for it.

More people care about voting for an American Idol than an American president too.

People are sheep. Paper money was backed by gold before...the bills still looked the same when they were not backed by gold. If people dont see change, they dont think anything changed.