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.
I always thought about it more in a metaphorical way.
“Alchemists are trying to produce gold (valuable materials) out of less valuable materials.”
Lol, I don’t think the alchemists were planning on sharing the technique if they found it.
well the understanding of the world was, that everything has a soul like attribute. and they are in a hirachy from close to god to far from god. so gold was inherantly a very close to god metal and therefore inherantly more worth than lead which was somewhat far from good.
So based on that world view of fixed values based on the christian god, they had no reason to belive the economy might suffer.
I love that we now actually can turn base metals into gold. It’s just incredibly energy intensive so nobody bothers.
“Mr. Makepeace, do you really turn lead into gold?”
“No, of course not. No one can do that. But if people think you’re foolish enough to try, they don’t bother to look at what you’re really doing. They leave you in peace.” - Lyra’s Oxford, Philip Pullman
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.
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.
They’ll probably just put an arbitrary standard to differentiate “naturally occurring” gold from the one processed one, just like how artificial diamonds are the exact same thing as the natural one but it’s the blood, sweat, and tears that give it value.
Mainly the blood though.
“… and this particular diamond, although smaller, cost extra blood, and three young children died getting it. That’s why, despite being twice the cost, it’s the perfect stone for your wedding ring!”
Price is not value. Gold is more valuable (useful) than lead, whatever the price. Clean air was cheap and valuable, now it must be created in a lab.
It has already been said but I think the author misunderstood alchemists, the idea was only they would have the knowledge. The argument put forward would apply to the entire monetary system, money must be worthless if everyone can make it.
The trick is only you know how, so you get rich.
Alchemy was an explicitly magical tradition.
