posted on Oct, 5 2011 @ 02:56 PM
reply to post by sheepslayer247
Nothing in the universe has inherent value. Toilet paper may have more value to you than gold because you can clean your bottom with it, however, if
there is an abundance of TP, it becomes less and less valuable, you need a way to store value or to trade goods with something that has a universal
value, is easy to carry and is divisible. Which comes back to: gold. Don't get me wrong, you can use anything as a store of value, but if its
something people can easily acquire (say duck feathers) people will go out and find as many as they can, thus destroying the rarity - the value of
This is the basic definition of money. TP does not qualify because it can easily be produced in large quantities and the value of it can deteriorate
very quickly. This is why gold has held value in numerous civilizations for many centuries.