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Copernicus, Galileo and Gold. Part II

- Hugo Salinas Price - Plata.com

"Think i'm crazy? Then answer the question: why has every attempt to use gold to represent money ended in failure?"

Let me ask you this instead, why has everything man has ever used as money ended in failure? You know the answer as does everyone frequenting this forum. Gold more than any other substance has been associated with 'money' in the human psyche for thousands of years and it will remain so for many years to come. No matter what the government of the day decides to use as a medium of exchange, humans in the modern world and most of the third world still value PM's above all else. You may not like it but that's the facts so deal with it. Shells, rocks, and corn husks have been and may be once again used as money along with paper but we always end up going full circle and come back to gold and silver. No matter how you try to intellectualize this the collective still longs to own and hold PM's, to collect wealth and ultimately use them as a medium of exchange. Humans have for centuries worn precious metals as a symbol of status, being wealthy enough to wear money and show it off at the risk of being robbed and if robbed they could afford to lose it. That's wealth.

Commented 3963 days ago

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Beginning of the headline :The development of Economics and the development of Astronomy share interesting parallels. Aristarchus of Samos – the Greek island that produced Pythagoras – was born in 310 B.C. Aristarchus set Astronomy on the path that would have led to its correct development by postulating the Sun as the center of the Universe, with the Earth revolving around the Sun while revolving around its own axis; he also set the planets in the correct order of their distance from the Sun. Unfortunately, the preconcei... Read More

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