Interestingly, Taiwan has one of the lowest big Mac prices but that doesn’t really correlate with their purchasing power

It wouldn’t even need to be all that good. It’s being exchanged by a minimum wage teenage employee, whom I PROMISE YOU does not give a shit.

I’ve seen people spend that hollywood prop money at mcdonalds. The kind that says “this is not valid currency” printed in decent size text.

So the counterfit doesn’t need to be exact.

This comment actually made me think and look it up. I never thought about this. Why is gold valuable?

Yeah you were basically right. Because societies decided it would be. I mean gold has some practical applications but nothing that would justify it’s price.

First link I found says this:

• Gold’s value is ultimately a social c- onstruction; its worth is sustained by ourcollective agreement about its importance and our belief in its future value.

• Gold’s physical properties—its lustrous quality, relative scarcity, durability, and difficulty of extraction—reinforce and justify its perceived value.

• Unlike other precious metals, gold strikes a balance of being rare enough to be precious but abundant enough to serve as a practical medium of exchange.

So I guess rare enough yet abundand enough and durable enough.

Wild tbh

Even so, in a scenario where all the currencies fall apart, Gold and Silver are very probable to become the basis of wealth.
Nowadays, stuff like SiIicon and Copper are pretty high value (and similarly, Germanium), but they really depend a lot upon hard to measure purity which goes with high-technology.
So Gold and Silver, which are easier to determine with lower technology (unless someone uses high-technology to spoof them) and also easier to make into useful products, will tend to hold intrinsic value.

Value of iron and others, break down due to abundance, while steel depends upon technology and expertise.

Far too coherent, this was definitely written by an intern not DJT himself. ;-)

Not NEARLY enough ALL CAPS

Bout fucking time