Post
Topic
Board Economics
Re: Semantics of "fiat"
by
R2D221
on 09/02/2015, 16:43:06 UTC
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.