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#264215 - 10/11/13 12:13 PM Re: No politics please - Upcoming furlough [Re: MDinana]
Brangdon Offline
Veteran

Registered: 12/12/04
Posts: 1204
Loc: Nottingham, UK
Originally Posted By: MDinana
Gold (and to a lesser extent, silver, or heck, any precious gem) have value only because people want them to have value. In practical terms, they're near useless.
Their uselessness is part of what makes them a good store of value. Useful things get used up, so they don't last.

Gold emerged as a standard in the past for good historical reason, and those reasons still apply today. It's rare, it doesn't rust or perish, and it is hard to forge. You can mix it with lesser metals, but that's relatively easy to detect by weighing and volume measurement. Gold in a standard form, eg coins, is even easier to validate. Arguably gold is even more likely to become the basis of an economy in future, because of its past. It has a track record. People know it works. They'll expect it.

I think in an initial crisis, people will hope it will end in a few weeks or months, and even uneducated ones will know they'll be able to sell gold for a decent value when its over. So there will be a viable gold economy quite quickly. There's no reason why that shouldn't last, as long as there are humans living above subsistence level to trade with.
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Quality is addictive.

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#264217 - 10/11/13 12:59 PM Re: No politics please - Upcoming furlough [Re: Brangdon]
MDinana Offline
Pooh-Bah

Registered: 03/08/07
Posts: 2196
Loc: Beer&Cheese country
Originally Posted By: Brangdon
Originally Posted By: MDinana
Gold (and to a lesser extent, silver, or heck, any precious gem) have value only because people want them to have value. In practical terms, they're near useless.
Their uselessness is part of what makes them a good store of value. Useful things get used up, so they don't last.Gold emerged as a standard in the past for good historical reason, and those reasons still apply today. It's rare, it doesn't rust or perish, and it is hard to forge. You can mix it with lesser metals, but that's relatively easy to detect by weighing and volume measurement. Gold in a standard form, eg coins, is even easier to validate. Arguably gold is even more likely to become the basis of an economy in future, because of its past. It has a track record. People know it works. They'll expect it.

I think in an initial crisis, people will hope it will end in a few weeks or months, and even uneducated ones will know they'll be able to sell gold for a decent value when its over. So there will be a viable gold economy quite quickly. There's no reason why that shouldn't last, as long as there are humans living above subsistence level to trade with.

Interesting take on the perspective.

One of the things that's been mentioned several times on this thread is the usefullness of jewelry. Maybe it would be more worthwhile to stock that than coins?

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#264220 - 10/11/13 01:15 PM Re: No politics please - Upcoming furlough [Re: MDinana]
hikermor Offline
Geezer in Chief
Geezer

Registered: 08/26/06
Posts: 7308
Loc: southern Cal
Just a few tidbits of my wife's family history that might be pertinent here. Her father was born near Ulan Bator, Outer Mongolia, of Russian parents who were leaving Russia as a result of the 1918 revolution. Moving east through Siberia, one of the most useful barter items for food were sewing needles!

On the other hand, the valuables they were carrying came in handy when,closely pusued by the PHRASECENSOREDPOSTERSHOULDKNOWBETTER. forces, the sled containing the family jewels overturned,diverting their pursuers, and giving them time to escape..

Figure out what commodity will be scarce and valued, remembering that gold, etc. have a long history and plenty of admirers......

Footnote: Geez, that didn't take long... I had no idea the censors were up and on the job so early


Edited by hikermor (10/11/13 01:16 PM)
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#264224 - 10/11/13 02:13 PM Re: No politics please - Upcoming furlough [Re: hikermor]
MDinana Offline
Pooh-Bah

Registered: 03/08/07
Posts: 2196
Loc: Beer&Cheese country
Originally Posted By: hikermor
Just a few tidbits of my wife's family history that might be pertinent here. Her father was born near Ulan Bator, Outer Mongolia, of Russian parents who were leaving Russia as a result of the 1918 revolution. Moving east through Siberia, one of the most useful barter items for food were sewing needles!

On the other hand, the valuables they were carrying came in handy when,closely pusued by the -------- forces, the sled containing the family jewels overturned,diverting their pursuers, and giving them time to escape..

Figure out what commodity will be scarce and valued, remembering that gold, etc. have a long history and plenty of admirers......

Footnote: Geez, that didn't take long... I had no idea the censors were up and on the job so early

No kidding. I can get some ambien if someone needs it. laugh

Now I really want to know what you called them. I can't imagine any of the terms in my head are inappropriate. Especially since we're talking about history, unless you were using some derogatory slang word.


Edited by MDinana (10/11/13 02:13 PM)

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#264227 - 10/11/13 02:29 PM Re: No politics please - Upcoming furlough [Re: MDinana]
Jeanette_Isabelle Offline
Pooh-Bah

Registered: 11/13/06
Posts: 2423
Loc: Somewhere in Florida
Originally Posted By: MDinana
Now I really want to know what you called them. I can't imagine any of the terms in my head are inappropriate. Especially since we're talking about history, unless you were using some derogatory slang word.

He referred to a movement to create a classless, moneyless social order structured upon common ownership of the means of production.

Jeanette Isabelle
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“Trust me, this is not gonna end well!” — Pleakley, Lilo & Stitch

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#264228 - 10/11/13 02:32 PM Re: No politics please - Upcoming furlough [Re: MDinana]
Russ Offline
Geezer

Registered: 06/02/06
Posts: 5336
Loc: SOCAL
I'm guessing it starts with "C" and ends with "ist". or were they called Bolsheviks at the time. Regardless, as used it's not really a political comment.
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Better is the Enemy of Good Enough.
Okay, what’s your point??

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#264234 - 10/11/13 03:08 PM Re: No politics please - Upcoming furlough [Re: Jeanette_Isabelle]
hikermor Offline
Geezer in Chief
Geezer

Registered: 08/26/06
Posts: 7308
Loc: southern Cal
Originally Posted By: Jeanette_Isabelle

He referred to a movement to create a classless, moneyless social order structured upon common ownership of the means of production.


I had no idea I was so learned,but, of course, you are absolutely correct...
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Geezer in Chief

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#264244 - 10/11/13 05:45 PM Re: No politics please - Upcoming furlough [Re: Mark_R]
chaosmagnet Offline
Sheriff
Carpal Tunnel

Registered: 12/03/09
Posts: 3367
Loc: USA
When you see "PHRASECENSOREDPOSTERSSHOULDKNOWBETTER" replacing something you wrote, that is an automated system on the board and not something in the control of me or the other deputies.



chaosmagnet

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#264250 - 10/11/13 07:21 PM Re: No politics please - Upcoming furlough [Re: chaosmagnet]
MDinana Offline
Pooh-Bah

Registered: 03/08/07
Posts: 2196
Loc: Beer&Cheese country
Originally Posted By: chaosmagnet
When you see "PHRASECENSOREDPOSTERSSHOULDKNOWBETTER" replacing something you wrote, that is an automated system on the board and not something in the control of me or the other deputies.



chaosmagnet

Thanks for the insight. Censoring a political affiliation used in a historical context would be pretty heavy handed; glad you're not!

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#264251 - 10/11/13 07:46 PM Re: No politics please - Upcoming furlough [Re: MDinana]
chaosmagnet Offline
Sheriff
Carpal Tunnel

Registered: 12/03/09
Posts: 3367
Loc: USA
Originally Posted By: MDinana
Thanks for the insight. Censoring a political affiliation used in a historical context would be pretty heavy handed; glad you're not!


My pleasure.

When I edit a post that wasn't mine to begin with, I use this color and I mark the post as edited. I believe the other deputies do the same.

In addition to the movement to create a classless, moneyless social order structured upon common ownership of the means of production (thank you, Jeanette_Isabelle!) there are several other words that are banned by the automated system. Some are replaced as you saw above, others are replaced with "[censored]" or "SomePolitician".

While I could find a way to share the list with you, I won't. Help me and the other deputies out by not trying to figure out each entry.


chaosmagnet


Edited by chaosmagnet (10/11/13 07:47 PM)
Edit Reason: typo

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