Come out of her My people

[udx]

Is the dollar worthless..... Not really, it's printed on some really good paper..... but it's worth what it is because "We" have decided that's what it's worth....... just like Gold. Gold is pretty, and it makes good electrical connections and it doesn't oxidise. But we could live our whole lives just fine if we never even saw a piece of gold.

Actually, paper money is pretty worthless. All forms of paper money (that is not backed by physical assets) is call "fiat money".

It is worth what the government says it is worth, but has no inherent value.

Definition:

"Fiat money is money that derives its value from government regulation or law"

Gold or oil on the other hand is a tangible asset that has some inherent utility or value. Unlike fiat money, Gold's value is not decided by the government or regulated and could be traded by what the market decides it is worth.

[other one]

Is the dollar worthless..... Not really, it's printed on some really good paper..... but it's worth what it is because "We" have decided that's what it's worth....... just like Gold. Gold is pretty, and it makes good electrical connections and it doesn't oxidise. But we could live our whole lives just fine if we never even saw a piece of gold.

Actually, paper money is pretty worthless. All forms of paper money (that is not backed by physical assets) is call "fiat money".

It is worth what the government says it is worth, but has no inherent value.

Definition:

"Fiat money is money that derives its value from government regulation or law"

Gold or oil on the other hand is a tangible asset that has some inherent utility or value. Unlike fiat money, Gold's value is not decided by the government or regulated and could be traded by what the market decides it is worth.

Gold prices are not regulated, but they are manipulated..... sliver also. BTW besided Jewelry gold isn't used as much as silver in industry. We've run the prices up so high that it's not usually cost effective to use it except for extremely thin electronic connections. It's mainly used for storing wealth, and the prices are what they are because we decide what we're willing to pay for it. Gold industrailly should not be any higher than Silver for it's used less and silver is in much shorter supply than is Gold.

[udx]

Is the dollar worthless..... Not really, it's printed on some really good paper..... but it's worth what it is because "We" have decided that's what it's worth....... just like Gold. Gold is pretty, and it makes good electrical connections and it doesn't oxidise. But we could live our whole lives just fine if we never even saw a piece of gold.

Actually, paper money is pretty worthless. All forms of paper money (that is not backed by physical assets) is call "fiat money".

It is worth what the government says it is worth, but has no inherent value.

Definition:

"Fiat money is money that derives its value from government regulation or law"

Gold or oil on the other hand is a tangible asset that has some inherent utility or value. Unlike fiat money, Gold's value is not decided by the government or regulated and could be traded by what the market decides it is worth.

Gold prices are not regulated, but they are manipulated..... sliver also. BTW besided Jewelry gold isn't used as much as silver in industry. We've run the prices up so high that it's not usually cost effective to use it except for extremely thin electronic connections. It's mainly used for storing wealth, and the prices are what they are because we decide what we're willing to pay for it. Gold industrailly should not be any higher than Silver for it's used less and silver is in much shorter supply than is Gold.

You are right. Gold and other precious metal are use to store wealth.

The gold prices are what they are because it is reflecting the distrust of fiat currency, especially the american dollar. Whenever the economy is strong gold prices drops, but when economy is going poorly, war, prices of gold rises. Gold is an excellent hedge against inflation. Accelerated rate of inflation of USD is coming very soon that is why people are rushing into Gold, causing high demand and thus driving up prices.

" Gold industrailly should not be any higher than Silver for it's used less and silver is in much shorter supply than is Gold.".

Well..that is your opinion. The prices of Gold and silver is not determined by availability alone, you forgot that the demand for it plays a major role. Obviously gold is worth more than silver because demand for it is a lot greater despite of silver being more rare. There is a potential for their prices to match 1:1 however.

[other one]

I don't see how this thread helps Christians with financial matters.

Well since most of us seem to disagree with the OP. it's really no wonder that the thread is not lending answers to financial problems.

Possibly with the exception that most of us see being in debt for non essential things as being not a good thing. If Christians had no debt other than those essential things like a home and a car, or an education of some sort.... well the world would be a better place for us.

the Islamic monitary system is much closer to Gods system, but somehow I'm not driven to move there so I'll stay here til they take over.

[Fez]

Other One:

Well since most of us seem to disagree with the OP. it's really no wonder that the thread is not lending answers to financial problems.

Right, No point in the Thread, as there is no solution. I trade forex, and right now the most popular currency pairs EUR/USD are both globally in the tank. It don't matter though as long their values toward each other constantly change so you can make money.

We can stand back and mention lots of things wrong with the economy, but what are you going to do to fix it? Can it even be fixed? Why even mention it?

Abortion is the same way. It's wrong, we don't like it, but complaining about it does nothing. people are full of opinions and why even give them?

If we enacted someones plan to outlaw abortion, then who pays for raising all those kids for 18 years?

900,000 some thousand kids aborted each year in the USA, and only 300,000 applications go in to just check about adoption, not actually adopt.

Who pays for all the extra kids?

But it's wrong, it's Murder!!!

Who pays for it!!! who pays for the school, medical bills?

But it's Wrong, it's Murder!!!

We often find many have apparent great ideas, with no clue on how to implement those ideas without putting burdens on others. We like to pass laws we can't even enforce, or afford to enforce.

I guess the Government pays for it with their money tree's, and money we don't have. The USA is out of money!!! Been out of money for a long time. Also, since when do others become burdened with someone Else's sin and lack of responsibility?

Be blessed.

Could start fixing it by stopping trading in money the USA dons't have? It's that sort of manipulation of money that got us all into trouble in the first place

[enoob57]

Other One:

Well since most of us seem to disagree with the OP. it's really no wonder that the thread is not lending answers to financial problems.

Right, No point in the Thread, as there is no solution. I trade forex, and right now the most popular currency pairs EUR/USD are both globally in the tank. It don't matter though as long their values toward each other constantly change so you can make money.

We can stand back and mention lots of things wrong with the economy, but what are you going to do to fix it? Can it even be fixed? Why even mention it?

Abortion is the same way. It's wrong, we don't like it, but complaining about it does nothing. people are full of opinions and why even give them?

If we enacted someones plan to outlaw abortion, then who pays for raising all those kids for 18 years?

900,000 some thousand kids aborted each year in the USA, and only 300,000 applications go in to just check about adoption, not actually adopt.

Who pays for all the extra kids?

But it's wrong, it's Murder!!!

Who pays for it!!! who pays for the school, medical bills?

But it's Wrong, it's Murder!!!

We often find many have apparent great ideas, with no clue on how to implement those ideas without putting burdens on others. We like to pass laws we can't even enforce, or afford to enforce.

I guess the Government pays for it with their money tree's, and money we don't have. The USA is out of money!!! Been out of money for a long time. Also, since when do others become burdened with someone Else's sin and lack of responsibility?

Be blessed.

Could start fixing it by stopping trading in money the USA dons't have? It's that sort of manipulation of money that got us all into trouble in the first place

i'll gladly pay you tuesday for a hamburger today