Karatbars is not a scam/scheme/whatever

[Agrus Kos, Enforcer of Truth]

I would just like to point out the fact that in the event of an apocalypse scenario where governments and the world economy collapse, your shiny yellow blocks won't be worth anything....

[Agrus Kos, Enforcer of Truth]

Ummm... You seem to refuse to look at the worlds history.

Umm...most of our history had the Gold Standard and the world is interconnected in a way that is unprecedented. If a apocalypse-like scenario happened now, if wouldn't be anything we've seen, the only things that would be of value would be commodities and protection (guns, helicopters, etc.).

[Wingnut]

I would just like to point out the fact that in the event of an apocalypse scenario where governments and the world economy collapse, your shiny yellow blocks won't be worth anything....

Now, these are two different scenarios, "apocalypse" where government collapses and we go back to trading chickens WORLD wide (and to a point country wide), gold is as valuable as dirt. But a situation where the U.S. Dollar collapses HARD (like drops 50% or more), gold is an amazing investment. The value of gold worldwide will not be as effected as the dollar that you used to purchase it. Let's say, you traded a {deathrite shaman} for a {crypt command} when they we approximately the same value. One held it's value and went up, one did not. The two scenarios REALLY are not that far apart. But an "apocalyptic" situation, people will trade a pound of gold for a bottle of clean water and an M.R.E.

[Agrus Kos, Enforcer of Truth]

I would just like to point out the fact that in the event of an apocalypse scenario where governments and the world economy collapse, your shiny yellow blocks won't be worth anything....

Now, these are two different scenarios, "apocalypse" where government collapses and we go back to trading chickens WORLD wide (and to a point country wide), gold is as valuable as dirt. But a situation where the U.S. Dollar collapses HARD (like drops 50% or more), gold is an amazing investment. The value of gold worldwide will not be as effected as the dollar that you used to purchase it. Let's say, you traded a {deathrite shaman} for a {crypt command} when they we approximately the same value. One held it's value and went up, one did not. The two scenarios REALLY are not that far apart. But an "apocalyptic" situation, people will trade a pound of gold for a bottle of clean water and an M.R.E.

But in a situation where the entire economy drops a large amount, like you said, the value of luxury goods (like gold) plummet because demand drops off. No one in their right mind would be buying gold when their children are starving because they can't afford food. Demand plummets, everyone who has gold is trying to trade it for commodities (meaning supply rises), gold ends up being close to worthless. Gold isn't the best thing to invest in.

[Wingnut]

I would just like to point out the fact that in the event of an apocalypse scenario where governments and the world economy collapse, your shiny yellow blocks won't be worth anything....

Now, these are two different scenarios, "apocalypse" where government collapses and we go back to trading chickens WORLD wide (and to a point country wide), gold is as valuable as dirt. But a situation where the U.S. Dollar collapses HARD (like drops 50% or more), gold is an amazing investment. The value of gold worldwide will not be as effected as the dollar that you used to purchase it. Let's say, you traded a {deathrite shaman} for a {crypt command} when they we approximately the same value. One held it's value and went up, one did not. The two scenarios REALLY are not that far apart. But an "apocalyptic" situation, people will trade a pound of gold for a bottle of clean water and an M.R.E.

But in a situation where the entire economy drops a large amount, like you said, the value of luxury goods (like gold) plummet because demand drops off. No one in their right mind would be buying gold when their children are starving because they can't afford food. Demand plummets, everyone who has gold is trying to trade it for commodities (meaning supply rises), gold ends up being close to worthless. Gold isn't the best thing to invest in.

Gold will drop, I agree, but not as severely as the dollar. There will still be people in other countries (who's money is still good) that will buy it. Yes, value will drop but you will take less of a hit, it's more stable. Is it the best thing to invest in? No, I agree that it's not the best if you are looking to make money. But if your looking to simply stabilize a possible major fluctuation in value, there really isn't much that's better. Yes, you can go with food, water, ammo, survival equipment, etc., but if money doesn't crash, you simply have a pile of stuff.

[Piotr]

If every single currency system failed at once, people would want gold because it's inheritatnly valuable.

Not really, people would want gold because it is familiar. Everyone understands that gold coin has value, if only from childhood fairly tales. Value of things is measured with want people have for the things. In other words, value of gold is not objective and therefore not 'inheritatnly valuable'.

[Wingnut]

If every single currency system failed at once, people would want gold because it's inheritatnly valuable.

Not really, people would want gold because it is familiar. Everyone understands that gold coin has value, if only from childhood fairly tales. Value of things is measured with want people have for the things. In other words, value of gold is not objective and therefore not 'inheritatnly valuable'.

I'll agree with this, I see it as socially accepted as valuable.

[Apathy Reactor]

The value of anything is relative to the observer. A hoarder may value a broken cassette tape as priceless. Gold would only be worth what one would give for it, and to be honest, I would not care to have your gold in an apocalyptic situation, therefore it would not be valuable to me.

[Agrus Kos, Enforcer of Truth]

If every single currency system failed at once, people would want gold because it's inheritatnly valuable.

Not really, people would want gold because it is familiar. Everyone understands that gold coin has value, if only from childhood fairly tales. Value of things is measured with want people have for the things. In other words, value of gold is not objective and therefore not 'inheritatnly valuable'.

Thank you, that is what I have been trying to say, but I am arguing that gold would not be a primary concern for most people, and we would resort to a bartering system, with the value of gold plummeting. This would be due to people trying to get rid of it for commodities (hugely increasing supply) and few would be trading for gold rather than guns, food, water, etc. (hugely decreasing demand).

[Agrus Kos, Enforcer of Truth]

If every single currency system failed at once, people would want gold because it's inheritatnly valuable.

Not really, people would want gold because it is familiar. Everyone understands that gold coin has value, if only from childhood fairly tales. Value of things is measured with want people have for the things. In other words, value of gold is not objective and therefore not 'inheritatnly valuable'.

Thank you, that is what I have been trying to say, but I am arguing that gold would not be a primary concern for most people, and we would resort to a bartering system, with the value of gold plummeting. This would be due to people trying to get rid of it for commodities (hugely increasing supply) and few would be trading for gold rather than guns, food, water, etc. (hugely decreasing demand).

We would need a system of money and gold would fit the bill.  It might not happen overnight, but it would happen eventually.

Yes, but establishing a world economy would not be anyone's priority, but keep dreaming and good luck with your shiny yellow rocks...

[Piotr]

If every single currency system failed at once, people would want gold because it's inheritatnly valuable.

Not really, people would want gold because it is familiar. Everyone understands that gold coin has value, if only from childhood fairly tales. Value of things is measured with want people have for the things. In other words, value of gold is not objective and therefore not 'inheritatnly valuable'.

It's color, luster, pliability, and it never rusts or tarnishes makes it inheritatnly valuable.  As opposed to paper currency which is not inheritatnly valuable.

Gold's color, luster, pliability and the fact that it never rusts are its objective physical properties. Value is in virtual realm, it is subjective.

When you are in apocalyptic situation and want to inhale life saving medicine you cannot do it with rolled up gold coin, but you can do it with dollar bill.

When you are in apocalyptic situation and happen to have many guns for sale, I would bet that you will accept gold rather than Coke caps

[Dstyle1]

If every single currency system failed at once, people would want gold because it's inheritatnly valuable.

Not really, people would want gold because it is familiar. Everyone understands that gold coin has value, if only from childhood fairly tales. Value of things is measured with want people have for the things. In other words, value of gold is not objective and therefore not 'inheritatnly valuable'.

It's color, luster, pliability, and it never rusts or tarnishes makes it inheritatnly valuable.  As opposed to paper currency which is not inheritatnly valuable.

Gold's color, luster, pliability and the fact that it never rusts are its objective physical properties. Value is in virtual realm, it is subjective.

When you are in apocalyptic situation and want to inhale life saving medicine you cannot do it with rolled up gold coin, but you can do it with dollar bill.

When you are in apocalyptic situation and happen to have many guns for sale, I would bet that you will accept gold rather than Coke caps

In an apocalyptic situation I will not be selling guns. I will be using guns to take Taysbys gold bb's.

Ps do you realize how much gold is $40.

My dad got a $500 gold coin 20 years ago, and that thing is so flipping small. It's smaller than a dime.

So your gold shaving is probably going to be untradable because you lost it somewhere.

[Distriimuir]

When our currency fails it'll effect other first worlds economies because of how connected we all are now. The only thing that'll matter in that scenario is foods and medicines, they will be worth more than double their weight in gold.

[Agrus Kos, Enforcer of Truth]

When our currency fails it'll effect other first worlds economies because of how connected we all are now. The only thing that'll matter in that scenario is foods and medicines, they will be worth more than double their weight in gold.

This is what I am saying.

[Distriimuir]

When our currency fails it'll effect other first worlds economies because of how connected we all are now. The only thing that'll matter in that scenario is foods and medicines, they will be worth more than double their weight in gold.

This is what I am saying.

Hopefully it'll actually get thru to him, but I still stand by that he's a troll. Or very very naive.