<!--QuoteBegin-Necrosis+Sep 29 2004, 09:04 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td><b>QUOTE</b> (Necrosis @ Sep 29 2004, 09:04 PM)</td></tr><tr><td id='QUOTE'><!--QuoteEBegin--> Leading to situations where people were taking baskets of money to their shops in order to buy bread.
One story tells of a person turning his back, then looking around to see the basket stolen with all the money left behind. <!--QuoteEnd--> </td></tr></table><div class='postcolor'> <!--QuoteEEnd--> Yeah the basket would be worth so much more, although taking both could have helped.
The signs with prices were changed throughout the day to compensate for inflation.
As far as backing up the value of paper money with gold, consider this. Paper money only has value because we say that it has value, but it is the same with gold. If people suddenly decided they didn't care about gold, its value would drop off significantly. Gold is great for jewelry (it is less likely to react with the person's skin, I think), and it is a really good material for making circuits, but those aren't the reasons that it was considered to be a valuable material (there weren't circuits 1000 years ago). My point is, gold has value because we say it does, just like anything else.
<!--QuoteBegin-i'm lost+Sep 29 2004, 09:37 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td><b>QUOTE</b> (i'm lost @ Sep 29 2004, 09:37 PM)</td></tr><tr><td id='QUOTE'><!--QuoteEBegin--> The signs with prices were changed throughout the day to compensate for inflation.
As far as backing up the value of paper money with gold, consider this. Paper money only has value because we say that it has value, but it is the same with gold. If people suddenly decided they didn't care about gold, its value would drop off significantly. Gold is great for jewelry (it is less likely to react with the person's skin, I think), and it is a really good material for making circuits, but those aren't the reasons that it was considered to be a valuable material (there weren't circuits 1000 years ago). My point is, gold has value because we say it does, just like anything else. <!--QuoteEnd--></td></tr></table><div class='postcolor'><!--QuoteEEnd--> Gold is generally one of the most unreactive metals in the world, because it is found in a pure form and does not need to be extracted from any other elements *(Which is called an ore?).
I don't think gold would make a good circuit, its soft and heats up and melts quickly.
I guess it wouldn't be good for making the whole circuit, but it is good for making connections between different parts. For example, high-quality audio/video cables typically have gold connectors. I did explain it wrong in my last post, though, so thanks for bringing it up. I was trying to remember stuff from a class two years ago.
Comments
One story tells of a person turning his back, then looking around to see the basket stolen with all the money left behind.
One story tells of a person turning his back, then looking around to see the basket stolen with all the money left behind. <!--QuoteEnd--> </td></tr></table><div class='postcolor'> <!--QuoteEEnd-->
Yeah the basket would be worth so much more, although taking both could have helped.
As far as backing up the value of paper money with gold, consider this. Paper money only has value because we say that it has value, but it is the same with gold. If people suddenly decided they didn't care about gold, its value would drop off significantly. Gold is great for jewelry (it is less likely to react with the person's skin, I think), and it is a really good material for making circuits, but those aren't the reasons that it was considered to be a valuable material (there weren't circuits 1000 years ago). My point is, gold has value because we say it does, just like anything else.
As far as backing up the value of paper money with gold, consider this. Paper money only has value because we say that it has value, but it is the same with gold. If people suddenly decided they didn't care about gold, its value would drop off significantly. Gold is great for jewelry (it is less likely to react with the person's skin, I think), and it is a really good material for making circuits, but those aren't the reasons that it was considered to be a valuable material (there weren't circuits 1000 years ago). My point is, gold has value because we say it does, just like anything else. <!--QuoteEnd--></td></tr></table><div class='postcolor'><!--QuoteEEnd-->
Gold is generally one of the most unreactive metals in the world, because it is found in a pure form and does not need to be extracted from any other elements *(Which is called an ore?).
I don't think gold would make a good circuit, its soft and heats up and melts quickly.
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