Ron Paul is coming to my area to speak at an American Legion I have been to

So ... there we have it.



Gold is money in the US (nevermind that it is not generally accepted as payment anywhere in the country).
So glad that we cleared this up. GO RON PAUL! GOLD IS MONEY!
 
Money is a store of value and a medium of exchange. That big fucking rock, cows, and salt and shit don't satisfy the criteria set forth by the definition of money, therefore these things are not money.

What's happening here commonly occurs in OT debates. Karnejj can't effectively debate against the points that I've made, so he's bringing up nonsense instead of debating against the points I've made.

He hasn't refuted my definition of money. He hasn't identified any weaknesses that my definition may have, nor has he proposed an alternative definition. My definition is good.

Karnejj claimed that gold is a bubble. I showed that price multiples of blue chip mining stocks are very low, indicating that there is not a bubble. Karnejj has not addressed this point so I must assume that he agrees with me.

Gold is money. Gold is held as reserves by banks (because it is a store of value) and is used to settle international transactions (as a medium of exchange).
 
You fucking moron.

Those fucking rocks are accepted as money on the Island of Yap JUST LIKE pesos are accepted as money in Mexico.

They are a store of value and a medium of exchange SOMEWHERE. That you're too fucking retarded to understand that the SOMEWHERE has to be HERE for something to be considered money HERE, only shows how much of a willfully ignorant moron you can be that you can't get the point even when your idiocy is laid as bare as it has in those "7 posts in a row".
 
http://www.google.com/finance?q=NYSE:ABX
http://www.google.com/finance?q=NYSE:NEM
http://www.google.com/finance?q=NYSE:KGC

if there was a speculative bubble in gold, these stocks would be a whole lot higher
 
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