Quote from: R2D221 on February 09, 2015, 04:43:06 PM

Quote from: amspir on February 09, 2015, 04:01:10 PM

Quote from: R2D221 on February 09, 2015, 03:31:37 PM

Gold does not have intrinsic value.

You really just said that gold does not have intrinsic value. Gold is the widely used example of a commodity currency that has intrinsic value. I am speechless.

We value gold because we value gold. I don't understand your speechlessness.

I speechless because you simply do not understand what the phrase "intrinsic value" means. When defining what intrinsic value is, gold is the most widely used example to support the definition, because people both use it as a form of currency, and for other non-monetary purposes: it can be made into pretty shiny jewelry, or used in electronics as non-corrosive conductor. If you don't understand, then you just don't understand.

Declaring that gold holds no intrinsic value is a rather unique viewpoint.