Quote from: jaysabi on November 18, 2015, 07:38:04 PM

Quote from: deisik on November 17, 2015, 07:30:52 AM

I don't say that gold specifically is genetically programmed into us. But the prerequisites for its becoming valuable are. Gold just happened to be there...

"Glittery stones" are mostly precious gems too, lol

The landscaping around my house is filled with white glittery rocks that reflect light in a very attractive way. Those rocks are virtually worthless. Being glittery has nothing to do with being valuable. Scarcity is the key component.

You seem to be quoting my posts even without understanding them. I didn't say that all glittery stones are precious gems, as you have obviously failed to grasp. Do you suffer from dyslexia? Regarding scarcity, this is also highly arguable and debatable, since things that are not useful in any meaningful way are not valued even if they are scarce (the elusive Joe). The converse also holds true. Things that are useful remain useful and valuable even in abundance (since their value comes from their usefulness, not their scarcity or abundance). Thereby, scarcity, in general, is not the key component, lol...

Billionaires happen to value money even more than average people (that's why they are who they are, I think). Scrooge McDuck is said to be the world's richest person (plenty of money), but this doesn't make him into a spendthrift