On Thu, Dec 4, 2008 at 10:54 AM, Michael Torrie <[EMAIL PROTECTED]> wrote:
> Besides all that, what makes gold valuable? If gold is just sitting in
> a bank somewhere, it's doing no one any good. Arguably the industrial
> uses of gold are far more valuable to an economy than if gold just sat
> around and rusted, propping up some currency.
I'm afraid I must correct you on a technical point here. Gold does
not oxidize naturally, so no amount of "sitting around" will make it
"rust". This is one of the reasons it's industrially useful, though,
so that part of your argument stands.
--Levi
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