NationStates

Antityranicals wrote:Either that, or I'd skip the burning 99.99%, buy up all the gold I can get my hands on, and use my insane financial clout to bring down the fiat money regime forever. Then my remaining dollars would be worthless, but I'd still have plenty in gold. Hooray for sound money!

I doubt anyone will be interested in "sound money" that you own most of. They can just create another fiat currency (that they own a fair share of and you own none of).

However, you will have a magnificent physique from moving all that gold!

Nobel Hobos 2 wrote:

Antityranicals wrote:Either that, or I'd skip the burning 99.99%, buy up all the gold I can get my hands on, and use my insane financial clout to bring down the fiat money regime forever. Then my remaining dollars would be worthless, but I'd still have plenty in gold. Hooray for sound money!

I doubt anyone will be interested in "sound money" that you own most of. They can just create another fiat currency (that they own a fair share of and you own none of).

However, you will have a magnificent physique from moving all that gold!

There'd still be silver, platinum, palladium, and rhodium for everyone else...

Antityranicals wrote:

Nobel Hobos 2 wrote:
I doubt anyone will be interested in "sound money" that you own most of. They can just create another fiat currency (that they own a fair share of and you own none of).

However, you will have a magnificent physique from moving all that gold!

There'd still be silver, platinum, palladium, and rhodium for everyone else...

I prefer some Lithium.

But I can only have it on subscription.

The Blaatschapen wrote:

Antityranicals wrote:There'd still be silver, platinum, palladium, and rhodium for everyone else...

I prefer some Lithium.

But I can only have it on subscription.

It's hard to have strong feelings about lithium.

The Blaatschapen wrote:

Antityranicals wrote:There'd still be silver, platinum, palladium, and rhodium for everyone else...

I prefer some Lithium.

But I can only have it on subscription.

I too prefer some lithium: https://youtu.be/pkcJEvMcnEg

Nobel Hobos 2 wrote:

Antityranicals wrote:Either that, or I'd skip the burning 99.99%, buy up all the gold I can get my hands on, and use my insane financial clout to bring down the fiat money regime forever. Then my remaining dollars would be worthless, but I'd still have plenty in gold. Hooray for sound money!

I doubt anyone will be interested in "sound money" that you own most of. They can just create another fiat currency (that they own a fair share of and you own none of).

However, you will have a magnificent physique from moving all that gold!

Call it a Gold Experience if you have to.

my main projects would probably involve in some way demonstrating that not everything has to be made to be about money.

i would definitely love to build strange shapes and allow people to live in them. not for or about money at all.

and that goes for alternative transportation infrastructure as well.

sure i'd keep out enough to never have to worry about food or shelter for myself, but that would be such a tiny fraction, it wouldn't even be noticeable.

i wouldn't be trying to impress anyone about myself. no one would even have to know i existed.

Antityranicals wrote:

Nobel Hobos 2 wrote:
I doubt anyone will be interested in "sound money" that you own most of. They can just create another fiat currency (that they own a fair share of and you own none of).

However, you will have a magnificent physique from moving all that gold!

There'd still be silver, platinum, palladium, and rhodium for everyone else...

In which case all that gold would be worthless, beyond the practical uses to which is could be put. You'd have been as well buying up vast quantities of iron or copper.

Ifreann wrote:

Antityranicals wrote:There'd still be silver, platinum, palladium, and rhodium for everyone else...

In which case all that gold would be worthless, beyond the practical uses to which is could be put. You'd have been as well buying up vast quantities of iron or copper.

The price of gold still wouldn't really drop. After all, the whole reason why people include gold in electronics is because they value the use of that gold higher than its market price. Otherwise, they'd just sell it instead of using it in electronics. Besides, it's not like I'd be able to buy up all the gold in the world. Even with so much money, not all the world's gold is for sale.

Antityranicals wrote:

Ifreann wrote:In which case all that gold would be worthless, beyond the practical uses to which is could be put. You'd have been as well buying up vast quantities of iron or copper.

The price of gold still wouldn't really drop. After all, the whole reason why people include gold in electronics is because they value the use of that gold higher than its market price. Otherwise, they'd just sell it instead of using it in electronics. Besides, it's not like I'd be able to buy up all the gold in the world. Even with so much money, not all the world's gold is for sale.

The price of everything would drop because, you will recall, you're proposing to collapse the system of fiat currency. And obviously what replaced it would not be the gold standard, because you also proposed to buy up loads of gold.

Ifreann wrote:

Antityranicals wrote:The price of gold still wouldn't really drop. After all, the whole reason why people include gold in electronics is because they value the use of that gold higher than its market price. Otherwise, they'd just sell it instead of using it in electronics. Besides, it's not like I'd be able to buy up all the gold in the world. Even with so much money, not all the world's gold is for sale.

The price of everything would drop because, you will recall, you're proposing to collapse the system of fiat currency. And obviously what replaced it would not be the gold standard, because you also proposed to buy up loads of gold.

Okay, I admit it wasn't very well thought out. Honestly, I'm starting to feel a little guilt (not really, just theoretical guilt) about this whole thing, because I didn't actually create any wealth, I just got given a ludicrous amount of paper, and I'm now supposed to have claim to the majority of the entire world's wealth? I think I'll just stick with my burn 99.99% plan. Then I can use that money to actually create some wealth, without destroying the life savings of every dollar holder in the world via hyperinflation.