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Why gold? What is it's value?

 
Anonymous Coward
User ID: 3747868
United States
05/26/2014 11:47 PM
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Re: Why gold? What is it's value?
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.
 Quoting: Anonymous Coward 33331756


What about Platinum and Rhodium ?
 Quoting: Anonymous Coward 51824367



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
 Quoting: redhouserebel


This is a good hypothesis related to the historical importance of gold. Gold, silver, platinum and others belong to the group known as "noble metals". One only has to look up the definition of "noble" to see the connection.
Anonymous Coward
User ID: 58496753
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05/27/2014 12:09 AM
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Re: Why gold? What is it's value?
relatively small amount on earth
known to be finite
same with all precious metals.

diamonds are plentiful but
benefit from a cartel that
limits availability.
diamond prices are insane now
since Canada and Russia have added
to production.
Anonymous Coward
User ID: 58506467
Poland
05/27/2014 01:07 AM
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Re: Why gold? What is it's value?
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


Metal is a crystal!
It grows, does not fall out the sky. Everyt in the universe is crystals. Even focils turn to stone = crystals.
The movie superman is based on this.

No think crystals = magnets = gravety
Crystal Radio = computers clock speed = vibrations
CCystals = Electricity

GOLD has no real value

Property does (SPACES on this planet)
emmieaz  (OP)

User ID: 54425607
United States
05/27/2014 01:09 AM
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Re: Why gold? What is it's value?
Why was gold determined to be so valuable? And by whom? And when?
 Quoting: Anonymous Coward 35972969


I guess that's the basis of my question.
Mackenzie River bound
Anonymous Coward
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Poland
05/27/2014 01:15 AM
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Re: Why gold? What is it's value?
Why was gold determined to be so valuable? And by whom? And when?
 Quoting: Anonymous Coward 35972969


I guess that's the basis of my question.
 Quoting: emmieaz


There is only two awnsers

1. People loved writing on stone, but it corodes, gold last longer so if you write on it or make things form it it last a long time.

2. Like the fiat system, gold is just anothe rponzi system. The elites of the same day know people traded among themself and were very self efficient. The made value from gold so they could be in CONTROL. When people mine the gold you now have a system where you can cut it in half and claim it as TAX.

Without it you cannot chop a sheep or cow in half, as it will be dead and need to be consumed leaving you with nothing to HORD!
Anonymous Coward
User ID: 58526113
Australia
05/27/2014 06:59 PM
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Re: Why gold? What is it's value?

The best conductor of electricity that we know of (it's in every TV, cell phone, light switch, etc.)
 Quoting: Anonymous Coward 33331756


silver isn't the best, gold costs too much. silver is cheaper.
 Quoting: Anonymous Coward 4352945


[link to www.tibtech.com]

Silver: 62.1 siemens/m
Copper: 58.5
Gold: 44.2
Anonymous Coward
User ID: 58526113
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05/27/2014 07:03 PM
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Re: Why gold? What is it's value?
Why was gold determined to be so valuable? And by whom? And when?
 Quoting: Anonymous Coward 35972969


Was already mentioned in this thread why gold is so valuable. The Anunaki came to mine gold for their own survival, they were the rulers, and they valued gold above all else. When they left, ruthless humans stepped up to fill the power vacuum and they sought gold too, to ape their former leaders, even thought they had no idea what to do with gold -- it was the rulers due.
Anonymous Coward
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05/27/2014 07:04 PM
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Re: Why gold? What is it's value?
"He who owns the gold makes the rules."

Forget the monetary "value" of gold. It has been a sign of wealth, power and status for, at least, thousands of years. That hasn't suddenly changed. Only your perception of what is valuable has been changed and that's intentional.
 Quoting: Anonymous Coward 3747868


I know there is no true monetary value is gold. That just takes you round in circles. Is there another value is what I was pondering.
 Quoting: emmieaz


The more rare something is, the higher it's subjective value
Db
User ID: 40384667
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05/27/2014 11:32 PM
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Re: Why gold? What is it's value?
Ok let's say shtf and people were starving, even the once wealthy, and I just killed a large buck and I have a hidden garden way back in the woods. I person sees me with the deer and after confirming he/she is alone and not in a position to steal it from me. Then he/she offers me an oz, a pound, or a ton of gold or any other so called precious rock. I would have to decline, I would barter, but it would have to be something that I need. That is what it's value will be. But today it's a good way to lose money, a year or two ago you could have made a little money off it, may still be able to before the end. Good luck $$$$$$$$$$
Anonymous Coward
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05/27/2014 11:39 PM
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Re: Why gold? What is it's value?
It's value is whatever traffic will bear. It has some commercial applications and the cosmetic usage. Otherwise it's a shiny metal. The doom sales have inflated the price of this commodity.
Anonymous Coward
User ID: 56993497
United States
05/27/2014 11:43 PM
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Re: Why gold? What is it's value?
Ok let's say shtf and people were starving, even the once wealthy, and I just killed a large buck and I have a hidden garden way back in the woods. I person sees me with the deer and after confirming he/she is alone and not in a position to steal it from me. Then he/she offers me an oz, a pound, or a ton of gold or any other so called precious rock. I would have to decline, I would barter, but it would have to be something that I need. That is what it's value will be. But today it's a good way to lose money, a year or two ago you could have made a little money off it, may still be able to before the end. Good luck $$$$$$$$$$
 Quoting: Db 40384667


ain't gonna happen. anyone could afford gold already have other shtf items prepped.
Anonymous Coward
User ID: 15483798
United States
05/27/2014 11:54 PM
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Re: Why gold? What is it's value?
I know gold is inedible but I just threw another oz on the pile with this recent dip.....when da metal's cheap, stack em deep.....
Anonymous Coward
User ID: 58580883
South Africa
05/28/2014 12:30 AM
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Re: Why gold? What is it's value?


The best conductor of electricity that we know of (it's in every TV, cell phone, light switch, etc.)
 Quoting: Anonymous Coward 33331756


silver isn't the best, gold costs too much. silver is cheaper.
 Quoting: Anonymous Coward 4352945


[link to www.tibtech.com]

Silver: 62.1 siemens/m
Copper: 58.5
Gold: 44.2
[/quote

Use Gold has unique physical chemical characteristics that made it very valuable. Gold is the most maleable and ductile of all the metals.

One ounce of gold can be drawn into more than 80 Km of thin gold wire. One ounce of gold can be beaten into a sheet covering 9 square meters and 0.000018 cm thick. Gold has an electrical resistivity of 0.022 micro-ohm and a thermal conductivity of 310 W m-1. hence, it is very efficient for the transmission of heat and electricity.

Gold has the highest corrosion resistance of all the metals and it is corroded only by a mixture of nitric and hydrocloric acid. Gold is a noble metal because it does not oxidize.
NONE
User ID: 55436843
United States
05/28/2014 12:52 AM
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Re: Why gold? What is it's value?
Supposedly all of the Universe's gold was made in the split second the Big Bang occurred. This is why it is so valuable and its also very rare. There might be some planets out there encrusted with gold. Gold is one weird substance.stopposting1





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