you want politics I'll give you politics

Megatron · Post by **Megatron** » Fri Mar 05, 2021 7:20 pm

only jokin, this is a political free zone, a sort of 'vaporware' chill space

look at this shit

SenisterDenister · Post by **SenisterDenister** » Fri Mar 05, 2021 8:24 pm

Neat looking UFO. Some people say that's swamp gas but it's clearly aliens.

Jeff · Post by **Jeff** » Fri Mar 05, 2021 8:46 pm

pretty impressive for ground

Amis · Post by **Amis** » Sat Mar 06, 2021 2:18 pm

what do you guys think about returning to the gold standard?

Mismatch · Post by **Mismatch** » Sat Mar 06, 2021 9:59 pm

Amis wrote:what do you guys think about returning to the gold standard?

I'm all for it, should stop the central bank rampage.
Would be painful at first, but it's the only sound way. Without it currency has no real core value really.

Hyacinth · Post by **Hyacinth** » Sat Mar 06, 2021 10:03 pm

Man it's all decentralized from here on out, crypto is the "new" golden standard who else is bitter they didn't take the advice 10 years ago

Asteoride mining will drop market prices of minerals and metals anyways, as long as it's de-centralized and "lobby groups" don't have a finger on it.

Mismatch · Post by **Mismatch** » Sat Mar 06, 2021 10:12 pm

I'm going to start my own currency. Semen standard. Can't whip out an infinite amount each day. But I guess pooperscoooby would cause Weimar style inflation.

Jeff · Post by **Jeff** » Sat Mar 06, 2021 11:17 pm

I think real richness is having a bubbly hole in your backyard, it's the currency of the soul.

SenisterDenister · Post by **SenisterDenister** » Sun Mar 07, 2021 3:28 am

Destroy central banking and reinstate the gold and silver standards. Jackson was right.

Jeff · Post by **Jeff** » Sun Mar 07, 2021 11:45 am

Mismatch wrote:Without it currency has no real core value really.

gold is just lumps of metal, its value is just as much a social construct

Mismatch · Post by **Mismatch** » Sun Mar 07, 2021 11:53 am

Gimp Mask wrote:
Mismatch wrote:Without it currency has no real core value really.
gold is just lumps of metal, its value is just as much a social construct

Not really since it's a limited resource and there is a cost to get it out of the ground. But yeah, we could use an aluminium standard or whatever it doesn't have to be good. Anything real and physical with so e sort of rarity requiring an effort to create should do it I suppose.

Amis · Post by **Amis** » Sun Mar 07, 2021 1:06 pm

I'm so proud of this community

Jeff · Post by **Jeff** » Sun Mar 07, 2021 1:46 pm

Mismatch wrote:Not really since it's a limited resource and there is a cost to get it out of the ground.

If I found a gold nugget by accident, it would have exactly the same value as an identical nugget that was mined using a lot of labor. Platinum is much rarer than gold, yet its value is lower. The associated labor and scarcity are in that sense completely irrelevant; the value of gold is only whatever someone is willing to pay for it and that value is determined by us / markets / the economy, it's not based on the mining of gold or whatever gold remains unmined. Something like half of gold is used for jewelry so its actual utility doesn't justify the price either, and its price is also very volatile which is pretty strange for something with supposed "core value". It doesn't really have any more intrinsic value than any other form of currency

Mismatch · Post by **Mismatch** » Sun Mar 07, 2021 3:09 pm

Yeah. That's how a free market works I guess.

Platinum is way more for girls than gold. Platinum tooth? Don't think so

Jeff · Post by **Jeff** » Sun Mar 07, 2021 6:35 pm

Megatron · Post by **Megatron** » Mon Mar 08, 2021 10:14 am

Gold is only in a few places and its not like miners are billionaires either.

The true currency is time. In the year 2099 we will have time banks on the edge of black holes. A baby will be the most expensive thing in the universe because of its potential time value. You will trade 1 time unit for 1 labour unit. There will be panning shots of time-billionaires walking around clock towers and saying things like ''a broken clock tells the time the best"

Mismatch · Post by **Mismatch** » Mon Mar 08, 2021 11:27 am

Megatron wrote:Gold is only in a few places and its not like miners are billionaires either.

The true currency is time. In the year 2099 we will have time banks on the edge of black holes. A baby will be the most expensive thing in the universe because of its potential time value. You will trade 1 time unit for 1 labour unit. There will be panning shots of time-billionaires walking around clock towers and saying things like ''a broken clock tells the time the best"

What about time bandits?

SenisterDenister · Post by **SenisterDenister** » Tue Mar 09, 2021 3:37 am

Time is an illusion. Everything exists simultaneously we just can't perceive it.

Megatron · Post by **Megatron** » Tue Mar 09, 2021 9:11 am

perception is reality so why not just chill in my time warp

Stainless · Post by **Stainless** » Tue Mar 09, 2021 9:17 am

So after I stopped being a forklift driver and went back to school I actually worked in gold refining for almost 10 years.

- It's only recently (2 years?) that Gold has started taking over Platinum. Palladium also skyrocketed in value despite historically be around 60% the price of gold. It's not powered by resource scarcity but by demand. Gold is simply used in more shit as a non-ferrous metal component.

- Silver isn't worth shit and I fucking hate it.

- Prospecting for surface/subsurface nuggets is hard work for those I've known to do it. Ultimately it's all about yield. A mine will generate lower purity alluvial but at a higher rate (2% Au in 5ton is a fuckload of gold). And refining and processing gold is generally just fuckloads of acid and smelting.