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Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 2 days ago

As Gold Hits New Record, Some See Warning Signs of Civilizational Collapse

www.newsweek.com

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As Gold Hits New Record, Some See Warning Signs of Civilizational Collapse

www.newsweek.com

Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 2 days ago
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Analysts warn that loose monetary policy, global conflicts and declining trust in institutions are driving the surge in gold.
  • thepompe@ttrpg.network
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    2 days ago

    I don’t think you understand what value means, and that’s okay.

    • Rob Bos@lemmy.ca
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      Value is what you can get for something. If you can’t trade it for something, with anyone, it has zero value.

      A dollar has value because you can trade it for a potato. In an apocalypse, you cannot trade gold for a potato if nobody wants it.

      Value is a subjective thing.

      • thepompe@ttrpg.network
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        2 days ago

        And people value gold because it’s rare and inert.

        • Rob Bos@lemmy.ca
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          Lots of things are rare. Doesn’t mean I’ll give you my potatoes for em.

          At best gold becomes something desirable once there’s enough security for me to value having pretty things.

          • 0tan0d@lemmy.world
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            2 days ago

            Instructions heard: Invest in seed potoatos for the spring planting.

          • thepompe@ttrpg.network
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            2 days ago

            Like I said, you don’t understand value and that’s okay.

            I’m going to ignore you now because you’re annoying me with your below-average intelligence.

            • midribbon_action@lemmy.blahaj.zone
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              That’s such a psychopathic response. It is not acceptable behavior, and you won’t win any arguments that way.

              • thepompe@ttrpg.network
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                Cool.

                I don’t have to argue with you people.

                • queermunist she/her@lemmy.ml
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                  2 days ago

                  Go back to Reddit.

                  • thepompe@ttrpg.network
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                    2 days ago

                    I’ll just send you to the shadow realm.

                    Bye.

                • prole@lemmy.blahaj.zone
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                  1 day ago

                  Cool. Bye.

            • athatet@lemmy.zip
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              2 days ago

              Oh I get it. You’re also a coward.

            • gnomesaiyan@lemmy.world
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              2 days ago

              Projecting much?

              • thepompe@ttrpg.network
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                2 days ago

                I guess you don’t know what projecting means, either.

                You can join the other ones.

                • gnomesaiyan@lemmy.world
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                  Oh, so you can’t come up with a decent argument and instead block people? There there, poor baby!

                • athatet@lemmy.zip
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                  2 days ago

                  Block me too. I’m just gonna keep making fun of you.

            • innermachine@lemmy.world
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              I think people forget that gold is incredibly useful especially as a conductor. It’s not just for making pretty rings, our modern world as we know it would not exist without gold!

              • prole@lemmy.blahaj.zone
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                Lots of things are conductors. That gives gold some inherent value, yes, but there are probably dozens of materials that are more useful and thus more valuable.

              • fishpen0@lemmy.world
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                Yes, the issue with that though is it is used in very advanced conductors. The kind of conductors that can only be produced in advanced factories by advanced large societies. If a collapse actually happened how do you fancy that factory works exactly? You gonna run a conductor factory to sell those conductors to who exactly? The potato farmer you are trying to convince to give you potatoes for that very same gold?

                Low grade electronics that would be valuable in even a simpler smaller community like basic generators and light bulbs use exactly zero gold. Copper on the other hand is needed for almost all of that

                • innermachine@lemmy.world
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                  Actually I work with electronics just about daily, and I can tell you lots of connectors get gold plating for corrosion resistance that doesn’t effect continuity. But yes in a post apocalypse setting I’m sure it wouldn’t be of much value… In the apocalypse I suspect if any metal holds a high value it would be copper for its usefulness in making tools and electronics. Making bronze tools and weapons is easier than steel so I suspect it would be in very high demand. Hopefully we never have to find out!

            • Not Chad McTruth@lemmy.world
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              these idiots will never get it gold is cool as hell im with you brother

        • BeeegScaaawyCripple@lemmy.world
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          2 days ago

          If that were true people would value me

          • OpenStars@piefed.social
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            14 hours ago

            You have value. Thank you for existing.

            • BeeegScaaawyCripple@lemmy.world
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              10 hours ago

              stop eyeing up my kidneys thank you

              • OpenStars@piefed.social
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                7 hours ago

                img

    • dickalan@lemmy.world
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      What uses gold when you’re buying/selling potatoes, nobody will think gold is worth anything if society has collapsed it’s just a useless hunk of metal

      • thepompe@ttrpg.network
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        Removed by mod

        • dickalan@lemmy.world
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          2 days ago

          At least I can communicate with people without resorting to petty insults

          • kreskin@lemmy.world
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            2 days ago

            But I like petty insults.

            • towerful@programming.dev
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              I’ll trade you your gold for my petty insults

              • dickalan@lemmy.world
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                2 days ago

                I don’t think I can eat gold, no deal

        • skisnow@lemmy.ca
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          Lots of easy blocks tonight.

          Good idea

          • thepompe@ttrpg.network
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            2 days ago

            Yep! You can join them.

            • valek879@sh.itjust.works
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              2 days ago

              Don’t forget me dork

        • athatet@lemmy.zip
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          Well now I’m not giving you my potatoes for your gold just out of spite.

        • prole@lemmy.blahaj.zone
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          1 day ago

          Why don’t you explain it then instead of just calling people stupid?

          • thepompe@ttrpg.network
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            Arguing with you people is a waste of time and energy.

            • Bassman27@lemmy.world
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              When you don’t know how to win an argument so you just call everyone stupid 🤡

        • dubyakay@lemmy.ca
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          “Everyone is an idiot! The only real helicopter is me.”

    • athatet@lemmy.zip
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      lol do you?

      • thepompe@ttrpg.network
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        More than the average lemmyer, yeah.

        • athatet@lemmy.zip
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          2 days ago

          X to doubt meme

    • theluckyone@discuss.online
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      I don’t think you understand the concept of civilization collapsing. Hoard all the gold you want. I’d value non-perishable food and ammo much more than gold. If I’ve enough of both and you don’t… Your gold won’t be yours, given enough time, on account of you not being around to own it.

      • thepompe@ttrpg.network
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        Removed by mod

    • prole@lemmy.blahaj.zone
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      Seems like maybe you don’t

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