Why gold? What is it's value? | |
Anonymous Coward User ID: 56878490 United States 05/23/2014 07:28 PM Report Abusive Post Report Copyright Violation | |
Pole Cat
User ID: 58293148 United States 05/23/2014 07:34 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 19723379 United States 05/24/2014 09:01 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 58068420 United States 05/24/2014 09:17 PM Report Abusive Post Report Copyright Violation | What is the true value of gold? I've learned much about our fiat system & know that paper currency is worthless because it holds no true value. Ok. Got it. Why is a gold backed system better? What is the worth of gold? What is it about gold other than it's beauty? Or is that it? It' seems the only things with true worth are shelter and sustenance. Quoting: emmieaz Because gold can't be mass produced (Quantitative easing)Theres not enough of it to go around so it FORCES banks to play fair. 'Sound Money' for the win. |
Anonymous Coward User ID: 58068420 United States 05/24/2014 09:22 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 51824367 United States 05/24/2014 09:23 PM Report Abusive Post Report Copyright Violation | What is the true value of gold? I've learned much about our fiat system & know that paper currency is worthless because it holds no true value. Ok. Got it. Why is a gold backed system better? What is the worth of gold? What is it about gold other than it's beauty? Or is that it? It' seems the only things with true worth are shelter and sustenance. Quoting: emmieaz New Economic Reset = Gold + Oil + Natural Gas + Valuable Farmland That's right. The USA corn and wheat field produce enough to feed ourselves and the world. It's a valuable asset. ----- People will call it the Gold Standard but it will only be about 20% of the equation. Thank Fracking Boom! |
Wayfaring Stranger
User ID: 55034495 Canada 05/24/2014 09:23 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 33331756 Switzerland 05/24/2014 09:33 PM Report Abusive Post Report Copyright Violation | Gold has value because of its rarity & properties. Especially it's combination of properties. Gold will not rust, tarnish, or decay. It is inert, acid wont disolve it. Its very malleable, reflective, and a good conductor of electricity. So the fact that its malleable & wont rust/tarnish makes it great for dental work. Its malleable and conducts electricity makes it great for connecting electrical leads. Its reflective and wont rust makes it great as a sun shield for astronoughts & the ISS. There are many other things gold does well, but you get the point. Silver conducts electricity better than gold, but silver is not as malleable and it tarnishes...so silver isn't the best metal to use for these applications. |
Anonymous Coward User ID: 51824367 United States 05/24/2014 09:36 PM Report Abusive Post Report Copyright Violation | Gold has value because of its rarity & properties. Quoting: Anonymous Coward 33331756 Especially it's combination of properties. Gold will not rust, tarnish, or decay. It is inert, acid wont disolve it. Its very malleable, reflective, and a good conductor of electricity. So the fact that its malleable & wont rust/tarnish makes it great for dental work. Its malleable and conducts electricity makes it great for connecting electrical leads. Its reflective and wont rust makes it great as a sun shield for astronoughts & the ISS. There are many other things gold does well, but you get the point. Silver conducts electricity better than gold, but silver is not as malleable and it tarnishes...so silver isn't the best metal to use for these applications. What about Platinum and Rhodium ? |
redhouserebel
User ID: 58441114 United Kingdom 05/24/2014 09:49 PM Report Abusive Post Report Copyright Violation | Gold has value because of its rarity & properties. Quoting: Anonymous Coward 33331756 Especially it's combination of properties. Gold will not rust, tarnish, or decay. It is inert, acid wont disolve it. Its very malleable, reflective, and a good conductor of electricity. So the fact that its malleable & wont rust/tarnish makes it great for dental work. Its malleable and conducts electricity makes it great for connecting electrical leads. Its reflective and wont rust makes it great as a sun shield for astronoughts & the ISS. There are many other things gold does well, but you get the point. Silver conducts electricity better than gold, but silver is not as malleable and it tarnishes...so silver isn't the best metal to use for these applications. What about Platinum and Rhodium ? Interesting points. I think maybe because in the same way that the dollar has been linked to oil; gold is linked to the value of human beings as a commodity and so it is representative of that on the world stage - so at one time it could mean value related to humans trafficked - and at others to moral values - I think it is secretly to do with this. It has metaphoric value - which is a depiction of reality in some way. Maybe. xx A MILF Mortgage - coming soon ;) |
Anonymous Coward User ID: 4352945 Australia 05/24/2014 09:52 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 58068420 United States 05/24/2014 10:05 PM Report Abusive Post Report Copyright Violation | Gold has value because of its rarity & properties. Quoting: Anonymous Coward 33331756 Especially it's combination of properties. Gold will not rust, tarnish, or decay. It is inert, acid wont disolve it. Its very malleable, reflective, and a good conductor of electricity. So the fact that its malleable & wont rust/tarnish makes it great for dental work. Its malleable and conducts electricity makes it great for connecting electrical leads. Its reflective and wont rust makes it great as a sun shield for astronoughts & the ISS. There are many other things gold does well, but you get the point. Silver conducts electricity better than gold, but silver is not as malleable and it tarnishes...so silver isn't the best metal to use for these applications. What about Platinum and Rhodium ? Interesting points. I think maybe because in the same way that the dollar has been linked to oil; gold is linked to the value of human beings as a commodity and so it is representative of that on the world stage - so at one time it could mean value related to humans trafficked - and at others to moral values - I think it is secretly to do with this. It has metaphoric value - which is a depiction of reality in some way. Maybe. xx God Money. We always seem to fall back onto it. |
Anonymous Coward User ID: 35972969 United States 05/24/2014 10:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 58429792 United States 05/24/2014 10:09 PM Report Abusive Post Report Copyright Violation | Why is the golden ratio, when found in a woman's facial dimensions, considered universally beautiful? Explain this, and you might be able to explain why real gold is treasured universally. It is rare and beautiful, what more can you ask for as a bartering item? it is the best store of value known to man. It doesn't rust and is easily divisible. It is dense, so you can easily transport it. It has a spotless history as a very valuable commodity going back 6000-8000 years or more. Gold never lets you down. Never. Fiat currencies...well they are like a two-bit whore with a fat ass, compared to gold. |
Anonymous Coward User ID: 58068420 United States 05/24/2014 10:12 PM Report Abusive Post Report Copyright Violation | Why is the golden ratio, when found in a woman's facial dimensions, considered universally beautiful? Explain this, and you might be able to explain why real gold is treasured universally. Quoting: Anonymous Coward 58429792 It is rare and beautiful, what more can you ask for as a bartering item? it is the best store of value known to man. It doesn't rust and is easily divisible. It is dense, so you can easily transport it. It has a spotless history as a very valuable commodity going back 6000-8000 years or more. Gold never lets you down. Never. Fiat currencies...well they are like a two-bit whore with a fat ass, compared to gold. I agree. Funny how, when Fiat currencies collapse, we ALWAYS fall back on the 'Real Money' Always. |
redhouserebel
User ID: 58441114 United Kingdom 05/24/2014 10:15 PM Report Abusive Post Report Copyright Violation | Gold has value because of its rarity & properties. Quoting: Anonymous Coward 33331756 Especially it's combination of properties. Gold will not rust, tarnish, or decay. It is inert, acid wont disolve it. Its very malleable, reflective, and a good conductor of electricity. So the fact that its malleable & wont rust/tarnish makes it great for dental work. Its malleable and conducts electricity makes it great for connecting electrical leads. Its reflective and wont rust makes it great as a sun shield for astronoughts & the ISS. There are many other things gold does well, but you get the point. Silver conducts electricity better than gold, but silver is not as malleable and it tarnishes...so silver isn't the best metal to use for these applications. What about Platinum and Rhodium ? Interesting points. I think maybe because in the same way that the dollar has been linked to oil; gold is linked to the value of human beings as a commodity and so it is representative of that on the world stage - so at one time it could mean value related to humans trafficked - and at others to moral values - I think it is secretly to do with this. It has metaphoric value - which is a depiction of reality in some way. Maybe. xx God Money. We always seem to fall back onto it. I don't know if moral values was the correct term to use there - as I have heard that interpreted in more than one way - which can be confusing - as can be people's interpretation of what is constituted by or with the word "God" - so while the expression you use: "God money" - might be fair - it is also open to interpretation. A good ethical sense? Encompassing empathy, logic,emotional strength - decision making based on the greater good while accommodating the not so great... etc. Its a whole another debate I guess. xx Sometimes, I really don't think people realise how important this stuff is to the well-being of our planet and therefore why gold carries this intrinsic value: it is because we need to see how important human beings can be - in the best possible way - we have to find the best value in them - and not to exploit them - then the world will change. I have said that like I am not a human being - I have a bad habit of speaking in the third person. I should have said how important we are as human being and how valuable we are to each other - not as commodities. *sigh* x A MILF Mortgage - coming soon ;) |
Anonymous Coward User ID: 33331756 Switzerland 05/24/2014 10:16 PM Report Abusive Post Report Copyright Violation | I don't know the properties of Platinum and Rhodium. But as far as a metal having properties...SILVER should be king! Silver is: Most light reflective. (photography & solar panels) Antibacterial (water filters) The best conductor of electricity that we know of (it's in every TV, cell phone, light switch, etc.) It conducts heat & cold as well as it conducts electricity. |
Quasar
User ID: 27323300 United States 05/24/2014 10:18 PM Report Abusive Post Report Copyright Violation | It has always had value even in your ancient times when it was normal to see people starving to death it still kept value and saved the lives of those who owned it. This may very well happen again. Further it has a mystical effect on humans when it is touched and they then feel the need to possess it I believe this acute condition is called goldenitis musthaveitis... |
Anonymous Coward User ID: 58068420 United States 05/24/2014 10:19 PM Report Abusive Post Report Copyright Violation | I don't know the properties of Platinum and Rhodium. Quoting: Anonymous Coward 33331756 But as far as a metal having properties...SILVER should be king! Silver is: Most light reflective. (photography & solar panels) Antibacterial (water filters) The best conductor of electricity that we know of (it's in every TV, cell phone, light switch, etc.) It conducts heat & cold as well as it conducts electricity. It'll tarnish... |
Anonymous Coward User ID: 4352945 Australia 05/24/2014 10:20 PM Report Abusive Post Report Copyright Violation | |
redhouserebel
User ID: 58441114 United Kingdom 05/24/2014 10:22 PM Report Abusive Post Report Copyright Violation | I don't know the properties of Platinum and Rhodium. Quoting: Anonymous Coward 33331756 But as far as a metal having properties...SILVER should be king! Silver is: Most light reflective. (photography & solar panels) Antibacterial (water filters) The best conductor of electricity that we know of (it's in every TV, cell phone, light switch, etc.) It conducts heat & cold as well as it conducts electricity. Historically/ biblically etc silver was of immense value and I would be surprised if there is nowhere in the ancient writings which says something like: silver being as gold - and even at some points of greater value. Silver, in ancient times referred to the defence or the defenders of the gold - so you can see how they are intertwined - they protected the highest and the lowest of the land - and were later incorporated into the golden circle. I have read a lot of amazing things also about platinum and rhodium too. x A MILF Mortgage - coming soon ;) |
Anonymous Coward User ID: 58413761 United States 05/24/2014 10:33 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 58429792 United States 05/24/2014 10:36 PM Report Abusive Post Report Copyright Violation | I don't know the properties of Platinum and Rhodium. Quoting: Anonymous Coward 33331756 But as far as a metal having properties...SILVER should be king! Silver is: Most light reflective. (photography & solar panels) Antibacterial (water filters) The best conductor of electricity that we know of (it's in every TV, cell phone, light switch, etc.) It conducts heat & cold as well as it conducts electricity. 99.9% of the world's women prefer gold over silver. 'nuff said. |
MaybeTrollingU
User ID: 48692360 Brazil 05/26/2014 06:04 PM Report Abusive Post Report Copyright Violation | About all it's good for is electronics and space ships. Kinda interesting aint it? Was a bit of platinum in those pyramids as well I believe. Quoting: Anonymous Coward 45453076 Nephilim? Not exactly. In a short time, science will find it out. But photons + gold = matter(electrons or positrons). Its possible to create matter from light. |
Anonymous Coward User ID: 58292262 United Kingdom 05/26/2014 06:08 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25723103 United States 05/26/2014 06:08 PM Report Abusive Post Report Copyright Violation | |
Hawgzilla
User ID: 1138565 United States 05/26/2014 06:11 PM Report Abusive Post Report Copyright Violation | What is the true value of gold? I've learned much about our fiat system & know that paper currency is worthless because it holds no true value. Ok. Got it. Why is a gold backed system better? What is the worth of gold? What is it about gold other than it's beauty? Or is that it? It' seems the only things with true worth are shelter and sustenance. Quoting: emmieaz Hey Emm. Watch this. Yeha it's almost 3.5 hours long but trust me...it's worth the time. [link to www.peakprosperity.com] Ban guns to "save the children" but killing them in the womb is totally cool......I see; it makes perfect sense now. |
Anonymous Coward User ID: 58292262 United Kingdom 05/26/2014 06:11 PM Report Abusive Post Report Copyright Violation | |
Yep User ID: 58426583 United States 05/26/2014 07:40 PM Report Abusive Post Report Copyright Violation | gold is finite its limited.. You have to dig it out of the ground which means work.. Now we have a system now no one works for money cause ( cough cough I have a printer I can give you money by printing it or by giving you a an extra 00 on your online banking.. Quoting: gebahie You can say the same thing about agricultural land...except land produces food and is thus infinitely more valuable when economies crash. Those living through the depression know this. My own grandparents, who lived in NYC at that time, talked about all the mothers taking over abandoned lots and the parks to grow food. Imagine Central Park turned into a general population-commandeered farm... It happened. |
Anonymous Coward User ID: 58292262 United Kingdom 05/26/2014 07:54 PM Report Abusive Post Report Copyright Violation | gold is finite its limited.. You have to dig it out of the ground which means work.. Now we have a system now no one works for money cause ( cough cough I have a printer I can give you money by printing it or by giving you a an extra 00 on your online banking.. Quoting: gebahie You can say the same thing about agricultural land...except land produces food and is thus infinitely more valuable when economies crash. Those living through the depression know this. My own grandparents, who lived in NYC at that time, talked about all the mothers taking over abandoned lots and the parks to grow food. Imagine Central Park turned into a general population-commandeered farm... It happened. Land can be taken, it's easily traceable. Real, physical can be moved, hidden. Portable wealth. Me, I lost mine in a lake in Finland. Now was it Kyyjärvi, or Kyyvesi?? hmm. can't remember. |