2007-11-30 17:02:08 · 14 answers · asked by offplanet 1 in Arts & Humanities ➔ Philosophy
Other commodities would go up in price, gold would go down in price. But yeah, nothing drastic.
2007-11-30 17:18:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Nothing drastic. Gold no longer backs currency, yet a significant minority believes it should, and gold is valued accordingly. At one point, silver was backing for currency, as gold was. Then, methods to mine it cheaply were discovered, and its price collapsed. Of course, if gold could be artificially made, the market price for gold would collapse, as it did for silver. That said, the economy would just go on.
Silver also has industrial applications. I assume gold would also have applications, but at present it is too expensive to use for this purpose. If gold could be made and its price were lowered, it would be used industrially.
That said, present theory tells that to make gold is impossible, or at least not cost-effective. If gold could be artificially made, the material itself would not be valuable, but the knowledge would be.
2007-11-30 17:33:03 · answer #2 · answered by epistemology 5 · 0⤊ 0⤋
Nothing, coz today's world is dictated around black gold, virtually so to speak, so if someone could do some invention out there, it could turn the world around.
u know what's my idea to all this black gold mess???
get back to basics where man started on bullock carts!!!
I have no answer to the world problems but I think I know how I can live in this world.
2007-11-30 20:14:53 · answer #3 · answered by 666 4 · 0⤊ 0⤋
Nothing really. We would just turn to platinum for the standard.
Of course the price of gold would drop considerably.
2007-11-30 19:01:37 · answer #4 · answered by the old dog 7 · 0⤊ 0⤋
Nothing too dramatic. The gold standard is no longer in use by any government or central bank.
2007-11-30 17:10:20 · answer #5 · answered by Sophrosyne 4 · 1⤊ 0⤋
I believe you... we do look heading in the route of finished cave in, and probable WW III. Why has the U. S. allowed China to change into so enormous and perilous? Why has the U. S. allowed its infrastructure to fall into disrepair? Why has the U. S. allowed enormous corporations to absolutely corrupt the yank foodstuff furnish, causing individuals to change into fat, depressed and diseased in such an excellent style of approaches? (And we ask your self why our spending on "well being care" is going by ability of the roof? perchance a similar human beings personal the foodstuff market and the well being care device?) Why has the U. S. allowed its economic device to be hollowed out, its center classification bankrupted, and the nationwide debt to augment uncontrolled? The infrastructure is the biggest clue to me. ahead-wondering international places like China are continuously upgrading their roads, railroads, ports, airports and colleges. We enable ours fall aside. that could want to in basic terms make experience if our authorities envisioned there to be a substantial conflict, that may wreck the infrastructure besides.
2016-10-25 05:54:46 · answer #6 · answered by wexler 4 · 0⤊ 0⤋
The same thing that happened when they discovered how to make artificial diamonds... nothing dramatic.
2007-11-30 18:33:37 · answer #7 · answered by insignificant_other 4 · 0⤊ 0⤋
Real gold would greatly decrease in value but it seems like almost everything is losing its value in today's world.
2007-11-30 17:46:53 · answer #8 · answered by Bethany 6 · 0⤊ 0⤋
We wouldn't notice that anything happened. The gold standard ain't what she used to be.
2007-11-30 18:30:19 · answer #9 · answered by damlovash 6 · 0⤊ 0⤋
Nothing much really, it would just become invaluble.... And Anyone who bought anything that was worth alot of money made from gold would be pissed off because it would be worthless....
2007-11-30 19:39:34 · answer #10 · answered by Anonymous · 0⤊ 0⤋