Comments on: What is money and why does gold pertain to money? http://www.moneyanecdotes.com/news/what-is-money-and-why-does-gold-pertain-to-money/ Money Anecdotes Finance Blog Sat, 18 Apr 2009 09:40:03 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Helio eric http://www.moneyanecdotes.com/news/what-is-money-and-why-does-gold-pertain-to-money/comment-page-1/#comment-88 Helio eric Sat, 24 Jan 2009 17:02:18 +0000 http://www.moneyanecdotes.com/law-ethics/what-is-money-and-why-does-gold-pertain-to-money/#comment-88 gold is a valuable metal that has been used as currency for thousands of years because its a rare metal but not as rare as other metals also most of the value of gold years ago was due to its color but now its used for more than currency and jewelry gold is a valuable metal that has been used as currency for thousands of years because its a rare metal but not as rare as other metals also most of the value of gold years ago was due to its color but now its used for more than currency and jewelry

]]> By: Nate L,or natel if you prefer... http://www.moneyanecdotes.com/news/what-is-money-and-why-does-gold-pertain-to-money/comment-page-1/#comment-87 Nate L,or natel if you prefer... Wed, 21 Jan 2009 22:57:35 +0000 http://www.moneyanecdotes.com/law-ethics/what-is-money-and-why-does-gold-pertain-to-money/#comment-87 Money is what culture has developed in order for it to succesfully evolve, and gold pertains to money because... 1. Gold is shinny and people love shinny things lol, and 2. because America has a Fort Knox that has all the gold in the country, and it represents all the dollars we use in our society. (: Money is what culture has developed in order for it to succesfully evolve, and gold pertains to money because…
1. Gold is shinny and people love shinny things lol, and
2. because America has a Fort Knox that has all the gold in the country, and it represents all the dollars we use in our society. (:

]]> By: yay_boxes http://www.moneyanecdotes.com/news/what-is-money-and-why-does-gold-pertain-to-money/comment-page-1/#comment-86 yay_boxes Wed, 21 Jan 2009 16:06:59 +0000 http://www.moneyanecdotes.com/law-ethics/what-is-money-and-why-does-gold-pertain-to-money/#comment-86 If we used something plentiful, say potatoes, as a form of currency then everyone would have so many potatoes that you would need an obscene amount of potatoes to get a car. Having poor people is a necessary part of capitalism. Otherwise the price of food would have no baseline and milk would cost $20 a gallon and keep skyrocketing. If it wasn't gold it would be something else. Like rubies. All greenbacks are supposed to have a gold equivalent. If we used something plentiful, say potatoes, as a form of currency then everyone would have so many potatoes that you would need an obscene amount of potatoes to get a car.

Having poor people is a necessary part of capitalism. Otherwise the price of food would have no baseline and milk would cost $20 a gallon and keep skyrocketing.

If it wasn’t gold it would be something else. Like rubies. All greenbacks are supposed to have a gold equivalent.

]]> By: nytebreid http://www.moneyanecdotes.com/news/what-is-money-and-why-does-gold-pertain-to-money/comment-page-1/#comment-85 nytebreid Tue, 20 Jan 2009 20:29:21 +0000 http://www.moneyanecdotes.com/law-ethics/what-is-money-and-why-does-gold-pertain-to-money/#comment-85 The US dollar is no longer based on the gold standard, it is regulated by the Fed. Reserve Bank. But if we were to base money on something more abundant, it would have little value, so we would need more of it. Imagine having to pay $4000 for a gallon of milk. The US dollar is no longer based on the gold standard, it is regulated by the Fed. Reserve Bank. But if we were to base money on something more abundant, it would have little value, so we would need more of it. Imagine having to pay $4000 for a gallon of milk.

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