On: The Longest Record Broken: Gold/Silver Ratio Hits Highest in Over 5,000 Years

[TheOtherHobbes]

All value is about faith in the future. In fact it's about faith that society will continue to function in the future.

Gold works as a hedge against loss of faith, because it's a more tangible and less abstract symbol of hope than fiat money.

But ultimately it's all just concentrated hope. If you need food and no food exists, all forms of money are useless.