Chad steele's Blog – January 2009 Archive (1)

A friend of mine is encouraging me to invest in gold... I had the following thoughts.



...money in any form: digital, paper, gold, salt, etc. are all abstractions of value

...value is a cultural agreement, it is taught, it is not inherent or the truth

...our culture values rare things -- it values scarcity and invents reasons to fear

...our culture values hoarding -- it values consuming more than producing

...and hence, most of us consume much more than we… Continue