We know now that you can’t turn “base metals” into gold through chemical processes, but if you could, gold would no longer be scarce and therefore no more valuable than the base metals.
We know now that you can’t turn “base metals” into gold through chemical processes, but if you could, gold would no longer be scarce and therefore no more valuable than the base metals.
It only becomes unscarce if you tell everyone else how to do it. If you can make gold, and no one else can, then its free money for you.
I could not be trusted with this power. I would rather tank the gold standard than be rich.
Laughs in Breton woods
Gold is a very useful metal, and I would like it to be as cheap as aluminum. There are so many things you could do with a metal with great conductivity and chemical resistance. Currently, high price is preventing us from building all sorts of things out of it.
So, if you’re ever get the chance to turn worthless trash into gold, you should go for it.
Why? The world will just move to a different standard, and although it would hurt rich people it also likely would cause a ton of problems for regular folk too
Will it though? There are far to many egregiously wealthy people on our current monetary standard, we dont seem to be moving on. I will happily pay someone in leaves though.
The only way I can see gold becoming cheap being a problem for me is due to it being a problem for rich people and them making it my problem.