Quote:
Originally Posted by Wayne 962
So, this is a fundamental problem with nearly everything. In a nutshell, and after one thinks about it for awhile, nearly every asset is "fake". Money (fiat currency) is fake (only supported by the government behind it). Real estate also is technically fake (again, only supported by the government / courts / army behind it). Gold - it's a pretty worthless material in the grand scheme of things. It's shiny and pretty, but out in the wilderness or on the frontier in the old days - basically not useful for *anything*. Water is useful, but water rights are also fake (again, supported like real estate by the government, courts, and the "army" behind the government). Collectible cars? The value in them is limited to their usefulness as a mode of transportation - anything above that is a perceived value. ..
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Gold - it's a pretty worthless material? That's ridiculous. Like saying that Titanium is worthless.
Overall your argument is that everything is worthless if you cannot defend it. (water rights, property..) Of course cars are in the same category then. --you don't actually own any cars Wayne, they own you. (see how that works? - I know you do.)
Anyway, one "value" truth remains; people are constantly chasing what has value to them. If, for example, you have been free-diving for a bit too long you will chase the value of the air existing at the water's surface. From there we go in to the
hierarchy of needs. As we travers that hierarchy we get to the
relative "values" of Beenie Babies and ghost money markers.