Starbound Megathread - Version 1.3.2

[Cybertails1998]

[Ad Bot]

[Stocking]

welp, time to retire

[Tayasaurus]

welp, time to retire

On a currency that may or may not crash and burn at any given time? Best invest it elsewhere lol

[Menen]

On a currency that may or may not crash and burn at any given time? Best invest it elsewhere lol

Invest it in what?

[tails]

On a currency that may or may not crash and burn at any given time? Best invest it elsewhere lol

Well they're a British company so..

[Private McDoggy]

On a currency that may or may not crash and burn at any given time? Best invest it elsewhere lol

Implying any other currency wouldn't do the same exact thing

[.::Taboo::.]

On a currency that may or may not crash and burn at any given time? Best invest it elsewhere lol

wow, that had to be one of the dumber posts today

[Tayasaurus]

wow, that had to be one of the dumber posts today

Implying any other currency wouldn't do the same exact thing

Gold and Silver buckos

Everything else is all Fiat

[Stocking]

Gold and Silver buckos

Everything else is all Fiat

if the global economy crashed so hard that the dollar was suddenly worthless, gold and silver wouldnt be worth anything either

people would be looking for food, fuel, and medicine above anything else

[Tayasaurus]

if the global economy crashed so hard that the dollar was suddenly worthless, gold and silver wouldnt be worth anything either

This is where everyone gets it wrong. This is an outright incorrect statement.

If they are going to be looking for food and other things above all else, what are they going to trade for it? Despite any global crashes there's always something that people fall back on for intrinsic value. Its always been that way with gold and silver. It never loses value.

Heres some good videos on the subject

http://www.youtube.com/watch?v=DyV0OfU3-FU Its part of a series. Educate yourself, it can be good for you.

[Stocking]

This is where everyone gets it wrong. This is an outright incorrect statement.

If they are going to be looking for food and other things above all else, what are they going to trade for it? Despite any global crashes there's always something that people fall back on for intrinsic value. Its always been that way with gold and silver. It never loses value.

Heres some good videos on the subject

http://www.youtube.com/watch?v=DyV0OfU3-FU Its part of a series. Educate yourself, it can be good for you.

Gold and silver don't have true intrinsic value. They are only valuable because we, as a society, value them as precious metals.

Food, water, fuel and land are all intrinsically valuable because you can't survive without them. No matter what happens in the world, those things will always be valuable.

[Qwepir]

i dunno about you guys but i cant eat gold and silver

[Tayasaurus]

Gold and silver don't have true intrinsic value. They are only valuable because we, as a society, value them as precious metals.

i dunno about you guys but i cant eat gold and silver

So where do precious metals get their value? Their value derives from nothing less than their efficacy as a medium of exchange - as a money. It may sound weird at first, or perhaps tautological, to claim that gold is valuable because it can be used as value, but this is precisely the point. Precious metals, by their natural characteristics, are simply those commodities which are best suited to be used as money. A brief examination readily testifies the point.

http://www.ideasinactiontv.com/tcs_daily/2010/07/on-the-intrinsic-value-of-precious-metals.html

Nobody has ever decided that grass or mainly rubber is a good medium of exchange

[.::Taboo::.]

can you eat gold or what
i don't think you're seeing the point here

[Menen]

http://www.ideasinactiontv.com/tcs_daily/2010/07/on-the-intrinsic-value-of-precious-metals.html

Nobody has ever decided that grass or mainly rubber is a good medium of exchange

You wouldn't trade Gold and Silver, you would trade things like food or supplies