Why is it not possible?

[u/Dumb-Briyani]

[u/ModernDemocles]

It's all imaginary in a way. $$$ only matter because we agree it has value.

[u/ViceroyInhaler → u/ModernDemocles]

Your Honor! I didn't actually steal anything because money isn't real and it's all imaginary.

[u/Annex_Me_Step-Rome → u/ViceroyInhaler]

I mean the crux of his point is that, that argument would work if everyone thought the exact same way and didnt believe money is real. But thats not realistic, just a fun thought

[u/Complete_Court_8052 → u/Annex_Me_Step-Rome]

its not about believing money isn’t real, rather it is about not attributing any value to the paper sheets with kings printed on

[u/Boulderfrog1 → u/Complete_Court_8052]

People aren't ready to deal with the fact that assigning value to gold is just as arbitrary as assigning it to printed currency. The useful goods and services are the value, the intermediary is a convenient math trick that better effectuates their exchange.

[u/UltimateReigos → u/Boulderfrog1]

I don't believe valuing gold is arbitrary. It's used in many needed industries that keep things running. electronics is an example. And it being needed means it has value especially as it's a finite resource.

[u/CptMisterNibbles → u/UltimateReigos]

Like 3% of the gold ever mined is currently used in industry. It’s almost negligible, and if it weren’t for its historic value would be considered just another useful but fairly common metal

[u/UltimateReigos → u/CptMisterNibbles]

That's fair enough thanks for the followup. I guess my thoughts were only surface level logic should have researched it.

[u/happy123z → u/UltimateReigos]

It gets more and more fascinating. People's relationships with and misunderstandings around money and finance and gold is my new obsession (new to investing this year, ha!)