Posted by Matt from CT on April 23, 2011 at 19:19:56 from (72.63.142.209):
In Reply to: Re: gas posted by rustyfarmall on April 23, 2011 at 08:13:24:
Who cares?
Gold is barely any more valuable then dollar bills -- since it lack intrinsic utility (other then being used in some critical electronic circuits), it's value is entirely what two people agree it is. It's no more valuable then paper money. It's a token, nothing more.
Silver, at least, has wider industrial application.
Iron, copper, aluminium, coal, oil, wheat, corn -- now you're talking about things that actually have value beyond a mere agreement that it's a good token to represent value.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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