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trillion dollar coin - Page 5

post #41 of 45
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Originally Posted by oldrooster View Post

Quote:
Originally Posted by hemet dennis View Post

People say it's money without any backing. Well it was backed by gold at one time, and that was better. But what no one can says is what backs gold ?


It has been a stable form of trade able currency since the earliest part of the world's history. Using the Bible as a historical book (in this argument religion is mute because scientist and historians have proving the Bible as a true historical document, because several have tried to disprove it, the religions based on it cannot be proved or disproved by science) it has stated it's importance at least as early as the formation of the arc of the covenant that is in the old testament, because it lists it as being used in it's construction. Gold has always had value at least from that time forward, the value may increase or decrease at any time but it has never been worthless unless there is an absence of something like all the gold in the word may not do you any good if you want to buy, like there is not enough gold to see Elvis Presley perform in concert because it's about 35 years too late for him to sing anything......


Gold only has value because peoples belief that it does.

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post #42 of 45
Quote:
Originally Posted by hemet dennis View Post

Quote:
Originally Posted by oldrooster View Post

Quote:
Originally Posted by hemet dennis View Post

People say it's money without any backing. Well it was backed by gold at one time, and that was better. But what no one can says is what backs gold ?


It has been a stable form of trade able currency since the earliest part of the world's history. Using the Bible as a historical book (in this argument religion is mute because scientist and historians have proving the Bible as a true historical document, because several have tried to disprove it, the religions based on it cannot be proved or disproved by science) it has stated it's importance at least as early as the formation of the arc of the covenant that is in the old testament, because it lists it as being used in it's construction. Gold has always had value at least from that time forward, the value may increase or decrease at any time but it has never been worthless unless there is an absence of something like all the gold in the word may not do you any good if you want to buy, like there is not enough gold to see Elvis Presley perform in concert because it's about 35 years too late for him to sing anything......


Gold only has value because peoples belief that it does.


so thousands of years of history is worthless. throw out those textbooks.......

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post #43 of 45
Quote:
Originally Posted by oldrooster View Post

Quote:
Originally Posted by hemet dennis View Post

Quote:
Originally Posted by oldrooster View Post

Quote:
Originally Posted by hemet dennis View Post

People say it's money without any backing. Well it was backed by gold at one time, and that was better. But what no one can says is what backs gold ?


It has been a stable form of trade able currency since the earliest part of the world's history. Using the Bible as a historical book (in this argument religion is mute because scientist and historians have proving the Bible as a true historical document, because several have tried to disprove it, the religions based on it cannot be proved or disproved by science) it has stated it's importance at least as early as the formation of the arc of the covenant that is in the old testament, because it lists it as being used in it's construction. Gold has always had value at least from that time forward, the value may increase or decrease at any time but it has never been worthless unless there is an absence of something like all the gold in the word may not do you any good if you want to buy, like there is not enough gold to see Elvis Presley perform in concert because it's about 35 years too late for him to sing anything......


Gold only has value because peoples belief that it does.


so thousands of years of history is worthless. throw out those textbooks.......


Do those textbooks say what gives gold any value ?

       improvise adapt and overcome     

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       improvise adapt and overcome     

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post #44 of 45

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post #45 of 45
Anything is only really worth what someone is willing to pay for it. Gold value is a speculation money is a legal tender authorized by the government as accepted form of a payment backed by gold but now backed by the fed reserve... Whoopee
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