^^^^^^^^^^^^^^^^^^^
Posts: 6,647 
Videos: 5
Location: Newfoundland!
Videos: 5
Location: Newfoundland!
April 20th, 2007, 08:28 PM
ohhhhhh
I think i tried everything except that
ohhhhhh
I think i tried everything except that
World Police
Posts: 4,771
Videos: 1
Videos: 1
April 20th, 2007, 09:10 PM
It amazes me the length peoeple will go for gold... nazis prying gold fillings from dead jews mouths strikes me as the most brazen.
It amazes me the length peoeple will go for gold... nazis prying gold fillings from dead jews mouths strikes me as the most brazen.
Steven Hawking's Tutor
Posts: 4,995
Location: Florida, Hurricane Central
Location: Florida, Hurricane Central
April 20th, 2007, 09:47 PM
1. It is rare
2. It is durable
3. It is easy to exchange
How easy is it to exchange gas or water?
Quoting s_lone
For the reasons why it was considered money in the first place
But why would anyone even care about gold in a real state of crisis? Wouldn't we just trade truly energetic stuff like food, water, gas etc.?
1. It is rare
2. It is durable
3. It is easy to exchange
How easy is it to exchange gas or water?
^^^^^^^^^^^^^^^^^^^
Posts: 6,647
Videos: 5
Location: Newfoundland!
Videos: 5
Location: Newfoundland!
April 20th, 2007, 09:54 PM
gold's not really that rare. francium is rare.
gold's not really that rare. francium is rare.
^^^^^^^^^^^^^^^^^^^
Posts: 6,647
Videos: 5
Location: Newfoundland!
Videos: 5
Location: Newfoundland!
April 20th, 2007, 10:07 PM
lol they'd know what it was if it was the root of all currency. And you wouldn't need fort knox to hold 15g of it, which is all there is. :0)
lol they'd know what it was if it was the root of all currency. And you wouldn't need fort knox to hold 15g of it, which is all there is. :0)
House Member
Posts: 3,167
April 20th, 2007, 10:38 PM
Gold is great, silver is better. But don't bet the farm. I think most crisis mongers likely have a stash of bullion silver coins somewhere. They'll do wonders in any future economic scare where the value of paper dollars is in question. The traditional ratio of gold to silver has broken down and you'll regularly hear analysts gloat that any return to form should appreciably benefit the white metal. But I've heard that for quite awhile too. The traditional silver to gold ratio seems to vary between 10 and 16:1. So you can see how skewed present valuation are. There are lots of ways to invest in metals and there an equal number of ways to lose your shirt. But most advisers would think you should have some core position. Hmmmmmm, the Dow is breaking new ground, the markets look hot again. It must make the goldbugs shake their well-shook heads.
Gold is great, silver is better. But don't bet the farm. I think most crisis mongers likely have a stash of bullion silver coins somewhere. They'll do wonders in any future economic scare where the value of paper dollars is in question. The traditional ratio of gold to silver has broken down and you'll regularly hear analysts gloat that any return to form should appreciably benefit the white metal. But I've heard that for quite awhile too. The traditional silver to gold ratio seems to vary between 10 and 16:1. So you can see how skewed present valuation are. There are lots of ways to invest in metals and there an equal number of ways to lose your shirt. But most advisers would think you should have some core position. Hmmmmmm, the Dow is breaking new ground, the markets look hot again. It must make the goldbugs shake their well-shook heads.
Les
Posts: 6,139
Location: 50 acres in Kootenays BC
Location: 50 acres in Kootenays BC
April 20th, 2007, 10:46 PM
Quoting s_lone
It is extremely malleable, electrically and thermally conductive, it alloys easily, it colors glass nicely, it reflects, etc. Those qualities are fairly practical, IMO.
What is the true value of gold?
What practical use does it have that justifies it being a central focus of economy?
What practical use does it have that justifies it being a central focus of economy?
Council Member
Posts: 1,197
Location: Montreal
Location: Montreal
April 21st, 2007, 03:21 AM
Quoting Toro
So here I am in 2023... I'm a father of 2 children and I just lost my job. In fact, everyone where I live pretty much lost their jobs because where I live is in the city, where valuable natural ressources don't tend to grow. The world has become so scarce that natural ressources are the ONLY bargaining factor and gold is judged upon its practical value, not its symbolical value. What will be the value of gold and the value of all money then?
For the reasons why it was considered money in the first place
1. It is rare
2. It is durable
3. It is easy to exchange
How easy is it to exchange gas or water?
1. It is rare
2. It is durable
3. It is easy to exchange
How easy is it to exchange gas or water?
Clever Clogs
Posts: 715
April 21st, 2007, 03:38 AM
Quoting Toro
I just learned how to use the "multi" button!
Quoting hermanntrude
please tell me. i've been wondering for months
Quoting Tonington
lol. Me too, all of the above...
Cool, I just learned as well.
yah, what Kreskin said
yah, what Kreskin said
Steven Hawking's Tutor
Posts: 4,995
Location: Florida, Hurricane Central
Location: Florida, Hurricane Central
April 21st, 2007, 07:54 AM
I am a "Multi" button Master!
However, for the Readers Digest version, "money" is a store of value, a medium of exchange and a unit of account. It is also whatever people believe it is. Different societies have used different objects for money - gold, silver, paper money, animals, cigarettes, clam shells, even giant shells at the bottom of the ocean that cannot be accessed!
Generally money is of symbolic value. What is a "dollar" exactly? It is an intangible representation of what people accept as value, nothing more. But people use dollars or any other currency because it facilitates economic transactions. It has value because people believe it has value. If people stopped having faith in the currency, its value would collapse.
I am a "Multi" button Master!
Quoting tamarin
I always thought the ratio ranged from 40:1 to 60:1.
The traditional silver to gold ratio seems to vary between 10 and 16:1. So you can see how skewed present valuation are.
Quoting s_lone
That's a very long and involved discussion on the nature of money.
So here I am in 2023... I'm a father of 2 children and I just lost my job. In fact, everyone where I live pretty much lost their jobs because where I live is in the city, where valuable natural ressources don't tend to grow. The world has become so scarce that natural ressources are the ONLY bargaining factor and gold is judged upon its practical value, not its symbolical value. What will be the value of gold and the value of all money then?
However, for the Readers Digest version, "money" is a store of value, a medium of exchange and a unit of account. It is also whatever people believe it is. Different societies have used different objects for money - gold, silver, paper money, animals, cigarettes, clam shells, even giant shells at the bottom of the ocean that cannot be accessed!
Generally money is of symbolic value. What is a "dollar" exactly? It is an intangible representation of what people accept as value, nothing more. But people use dollars or any other currency because it facilitates economic transactions. It has value because people believe it has value. If people stopped having faith in the currency, its value would collapse.
