Vatican City is going to be destroyed in 25 months from now, and all fiat currencies will enter a state of hyperinflation
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Well for me I would have said "sorry but.. for some odd reason God? You left out any scripture to back this up". Yeah did you know what ever He shares with you or tells you, you can say "I need chapter and verse" and He gladly gives it. Don't be shocked when He says "did you not read where said....". I.. wow you think you know that word yet He will tell you something then give you chapter and verse and you have no clue how you missed it. How you never saw that before. So awesome, its wonderful
Did God tell you what calendar He was using? What does 2240 mean? Some would say that's 6000. Seems GOD also skipped over some of the things He said in His word.
Did God tell you what calendar He was using? What does 2240 mean? Some would say that's 6000. Seems GOD also skipped over some of the things He said in His word.
gold only has intrinsic value if you are in the business of making microchips. but silica and plastic are equally valuable to specific manufacturing processes.
aside from its ductility and conductance it's nothing but a pretty rock. stranded in the desert with hordes of gold? you'll die for lack of food, shelter and hydration. gold has zero intrinsic value for the needs of the body.
gold and silver are every bit as much fiat currency as bitcoin and krone - valueless but declared to have value, used to trade for things which actually do have value.
aside from its ductility and conductance it's nothing but a pretty rock. stranded in the desert with hordes of gold? you'll die for lack of food, shelter and hydration. gold has zero intrinsic value for the needs of the body.
gold and silver are every bit as much fiat currency as bitcoin and krone - valueless but declared to have value, used to trade for things which actually do have value.
Nehemiah6 i love you bro.
but IMO the definition of "fiat currency" you will find when you Google is innacurate.
whatever is not meet for food, water and shelter does not have intrinsic value as material currency - and therefore only serves as currency by fiat.
pearls, jade, copper, rubies - - these are fiat currency. they are assigned mutually agreed value because they're pretty and they're scarce, and their value is wholly dependent on being able to trade them for material things which have actual material value: food, water, clothing and shelter.
The OP is an insane, heretical man who loves gold.
let's not justify him.
but IMO the definition of "fiat currency" you will find when you Google is innacurate.
whatever is not meet for food, water and shelter does not have intrinsic value as material currency - and therefore only serves as currency by fiat.
pearls, jade, copper, rubies - - these are fiat currency. they are assigned mutually agreed value because they're pretty and they're scarce, and their value is wholly dependent on being able to trade them for material things which have actual material value: food, water, clothing and shelter.
The OP is an insane, heretical man who loves gold.
let's not justify him.
AMAZING!You know when this will happen
yet scripture tells us that not even Jesus knows the time, only the Father knows
Investopedia is not Google, but can be found through Google. And Investopedia says that you need to correct your idea about what is and what is not fiat currency: "Fiat money is a government-issued currency that is not backed by a commodity such as gold. Fiat money gives central banks greater control over the economy because they can control how much money is printed. Most modern paper currencies, such as the U.S. dollar, are fiat currencies. One danger of fiat money is that governments can print too much of it, resulting in hyperinflation.
https://www.investopedia.com/terms/... that is not,U.S. dollar, are fiat currencies.
There was a time when money was backed by gold, since GOLD HAS INTRINSIC VALUE. Then the Gold Standard was abolished so that governments could become irresponsible.
https://www.investopedia.com/terms/... that is not,U.S. dollar, are fiat currencies.
There was a time when money was backed by gold, since GOLD HAS INTRINSIC VALUE. Then the Gold Standard was abolished so that governments could become irresponsible.
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nothing.
you can't eat it, it doesn't keep you warm, you can't make a weapon or tool from it, you can't build a shelter from it.
it doesn't even make you smell better.
gold has zero value except by fiat it can be traded for actually useful things. this is no different than any other currency outside of a barter system: a useless material assigned value by common consent, which is traded for items of actual intrinsic value
you can't eat it, it doesn't keep you warm, you can't make a weapon or tool from it, you can't build a shelter from it.
it doesn't even make you smell better.
gold has zero value except by fiat it can be traded for actually useful things. this is no different than any other currency outside of a barter system: a useless material assigned value by common consent, which is traded for items of actual intrinsic value
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Gold has always had intrinsic value historically. Recently gold has been above $2.000/ounce or $65,250.744 per kilogram. The standard gold bar weighs 12.4 kg so the value of a gold bar is $65,250.744 x 12.4 = $809, 109.2256.
Do you know of any other commodity with that kind of value? So had the banks maintained the gold standard and you were panning for gold, you could walk in with an ounce of gold and collect over $2,000 today (actually $2,022.46).
Do you know of any other commodity with that kind of value? So had the banks maintained the gold standard and you were panning for gold, you could walk in with an ounce of gold and collect over $2,000 today (actually $2,022.46).
As long as there has to be a seller and a buyer, then anything can have an assigned value. The seller offers to give it for so much and the buyer offers to take it for so much until they each come to an acceptable agreement, at which point the transaction occurs.
If buyers hold out long enough, the price will be reduced, but if the seller holds out longer, the price will increase.
If buyers hold out long enough, the price will be reduced, but if the seller holds out longer, the price will increase.
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We have a small to moderate amount of gold and silver. Much more silver than gold.
We DO NOT trust or rely on it. Scripture is clear not to trust in it. We are to trust the Lord.
Having said that, there are a lot of things we own for their use, yet we don’t trust in them. House, car, tools etc…
Everything we have or use is temporary. So the precious metals we have MAY have a great use, that can temporarily let us survive.
When, not if, the SHTF, there may be a time that PMs may be used as a form of currency or barter. For us folk that don’t know how to farm or have animals, PMs may be the best thing for us to temporarily survive.
This from an article on gold’s value:
Why Is Gold Valuable?
Some people argue that gold has no intrinsic value. They say it is a barbaric relic with no monetary qualities. They contend that in a modern economic environment, paper (or digital) currency is the money of choice, and that gold’s only worth is as a material for making jewelry.
At the other end of the spectrum are those who assert that gold is an asset with various intrinsic qualities that make it unique and necessary for investors to hold in their portfolios. They believe that investors have as many reasons for investing in gold as there are gold investment vehicles.
The reasons behind gold’s enduring value include:
Most would agree that gold has always had value as a component of decorative jewelry, a sometime currency, and as an investment. But in addition to these concrete values, we would add another characteristic of gold that, though harder to pinpoint, is just as real. Part of the appeal of gold is the mystery of that appeal.
In Search of a Method of Exchange
Our ancestors were faced with devising a method of exchange that was easier to implement than a barter system. A coin is one such medium of exchange. Of all the metals in the periodic table of elements, gold is the logical choice. We can rule out elements other than metals because a gaseous or liquid currency isn’t very practical from the standpoint of personal portability. This leaves metals like iron, copper, lead, silver, gold, palladium, platinum, and aluminum.
Iron, Lead, Copper, and Aluminum
These metals are prone to corrode over time, so they wouldn’t have good value in terms of storage, which is required of coins. Moreover, keeping the metals from corroding is a labor-intensive task.1Aluminum feels very light and unsubstantial—not ideal for a coin-metal that should invoke feelings of security and value.
Noble Metals
Platinum or palladium, among the substances known as the noble metals, are reasonable choices because they are mostly nonreactive to other elements—that is, they produce little corrosion. But they are too rare to generate a sufficient number of coins to circulate.2 To assign value to a metal, it must be somewhat rare (so that not everyone can produce coins with it) but plentiful enough so that a reasonable number of coins can be created for commerce.
Gold and Silver
Gold doesn’t corrode. It can be melted over a flame, making it easy to work with and stamp as a coin. Silver and gold are beautiful metals that are easy to form into jewelry, and both of these precious metalshave their own devotees in fine-jewelry circles.
We DO NOT trust or rely on it. Scripture is clear not to trust in it. We are to trust the Lord.
Having said that, there are a lot of things we own for their use, yet we don’t trust in them. House, car, tools etc…
Everything we have or use is temporary. So the precious metals we have MAY have a great use, that can temporarily let us survive.
When, not if, the SHTF, there may be a time that PMs may be used as a form of currency or barter. For us folk that don’t know how to farm or have animals, PMs may be the best thing for us to temporarily survive.
This from an article on gold’s value:
Why Is Gold Valuable?
Some people argue that gold has no intrinsic value. They say it is a barbaric relic with no monetary qualities. They contend that in a modern economic environment, paper (or digital) currency is the money of choice, and that gold’s only worth is as a material for making jewelry.
At the other end of the spectrum are those who assert that gold is an asset with various intrinsic qualities that make it unique and necessary for investors to hold in their portfolios. They believe that investors have as many reasons for investing in gold as there are gold investment vehicles.
The reasons behind gold’s enduring value include:
- Gold is perceived as a symbol of wealth, power, and majesty.
- Gold has had an exalted position throughout the ages as a highly coveted, even worshipped material.
- Gold has been used over millennia as jewelry and a means of exchange.
- Gold has an important economic role as a means of exchange should currency collapse.
- Gold is a store of value and thus an investment opportunity for individuals.
- Gold is rare and difficult to extract.
- Gold is malleable and can be formed as needed for use in, among others, electronics, dentistry, medical tools, and the defense, aerospace, and automotive industries.
- Gold is durable and noncorrosive.
- Gold has visual beauty and magnetic appeal.
Most would agree that gold has always had value as a component of decorative jewelry, a sometime currency, and as an investment. But in addition to these concrete values, we would add another characteristic of gold that, though harder to pinpoint, is just as real. Part of the appeal of gold is the mystery of that appeal.
In Search of a Method of Exchange
Our ancestors were faced with devising a method of exchange that was easier to implement than a barter system. A coin is one such medium of exchange. Of all the metals in the periodic table of elements, gold is the logical choice. We can rule out elements other than metals because a gaseous or liquid currency isn’t very practical from the standpoint of personal portability. This leaves metals like iron, copper, lead, silver, gold, palladium, platinum, and aluminum.
Iron, Lead, Copper, and Aluminum
These metals are prone to corrode over time, so they wouldn’t have good value in terms of storage, which is required of coins. Moreover, keeping the metals from corroding is a labor-intensive task.1Aluminum feels very light and unsubstantial—not ideal for a coin-metal that should invoke feelings of security and value.
Noble Metals
Platinum or palladium, among the substances known as the noble metals, are reasonable choices because they are mostly nonreactive to other elements—that is, they produce little corrosion. But they are too rare to generate a sufficient number of coins to circulate.2 To assign value to a metal, it must be somewhat rare (so that not everyone can produce coins with it) but plentiful enough so that a reasonable number of coins can be created for commerce.
Gold and Silver
Gold doesn’t corrode. It can be melted over a flame, making it easy to work with and stamp as a coin. Silver and gold are beautiful metals that are easy to form into jewelry, and both of these precious metalshave their own devotees in fine-jewelry circles.
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