^^^^^^^^^^^^^^^^^^^
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April 20th, 2007, 06:38 PM
it's actually starting to be incredibly useful to us chemists. Particularly in nanotechnology we often need a surface which isnt prone to oxidation but can still be modified chemically. Gold fits the bill like almost nothing else. I use it a lot.
it's actually starting to be incredibly useful to us chemists. Particularly in nanotechnology we often need a surface which isnt prone to oxidation but can still be modified chemically. Gold fits the bill like almost nothing else. I use it a lot.
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April 20th, 2007, 06:39 PM
Quoting the caracal kid
Ok... so why is it precious? Why does the US Federal Reserve Bank hold about 3% of the gold ever mined?
practical? that is not the basis for it being a "precious metal". Its status mostly comes down to being "pretty" and its availability.
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April 20th, 2007, 06:40 PM
Quoting hermanntrude
Well there you go, that is a practical use of gold. But does this justify it being an important economic factor in 2007?
it's actually starting to be incredibly useful to us chemists. Particularly in nanotechnology we often need a surface which isnt prone to oxidation but can still be modified chemically. Gold fits the bill like almost nothing else. I use it a lot.
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April 20th, 2007, 06:42 PM
lol probably not. I dont know much about the subject but i expect it comes down to tradition. It was originally the very same thing as money, mostly because it was shiny
lol probably not. I dont know much about the subject but i expect it comes down to tradition. It was originally the very same thing as money, mostly because it was shiny
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April 20th, 2007, 06:47 PM
Quoting the caracal kid
Who will really want to buy gold when the world is in a state of crisis? What is precious nowadays is energy. Shouldn't gold be scrapped for some form ''energetic'' value?
some standard for trading needed to be established. I don't recall how gold was selected as "the" metal of choice.
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April 20th, 2007, 06:49 PM
I dont think anyone would be too interested in anything so intangible
I dont think anyone would be too interested in anything so intangible
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April 20th, 2007, 06:54 PM
Quoting hermanntrude
Herm, power is not nescessarily intangible is it? I mean if I have the ability to generate power off the grid wouldn't that be a better investment than gold? Or have I misunderstood what you meant?
I dont think anyone would be too interested in anything so intangible
Steven Hawking's Tutor
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Location: Florida, Hurricane Central
April 20th, 2007, 07:22 PM
Its also durable.
Quoting the caracal kid
meaning its rarity.
practical? that is not the basis for it being a "precious metal". Its status mostly comes down to being "pretty" and its availability.
Its also durable.
Steven Hawking's Tutor
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Location: Florida, Hurricane Central
Location: Florida, Hurricane Central
April 20th, 2007, 07:26 PM
I just learned how to use the "multi" button!
I just learned how to use the "multi" button!
Quoting s_lone
Because it is considered money.
Ok... so why is it precious? Why does the US Federal Reserve Bank hold about 3% of the gold ever mined?
Quoting s_lone
It is not an important factor. However, because the volume of gold mined relative to demand has risen less than the volume of dollars created, its value rises.
Well there you go, that is a practical use of gold. But does this justify it being an important economic factor in 2007?
Quoting s_lone
In a state of true crisis, precious metals will be the true medium of exchange and store value. Oil will not because it is too difficult to transact and its far more abundant than gold. But this will almost certainly never happen.
Who will really want to buy gold when the world is in a state of crisis? What is precious nowadays is energy. Shouldn't gold be scrapped for some form ''energetic'' value?
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April 20th, 2007, 07:55 PM
Quoting Toro
In a state of true crisis, precious metals will be the true medium of exchange and store value. Oil will not because it is too difficult to transact and its far more abundant than gold. But this will almost certainly never happen.
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.?
In a state of true crisis, precious metals will be the true medium of exchange and store value. Oil will not because it is too difficult to transact and its far more abundant than gold. But this will almost certainly never happen.
April 20th, 2007, 07:56 PM
Quoting hermanntrude
If you click the multi button on a number of posts then click the post reply button all of those posts appear quoted in your text area.
please tell me. i've been wondering for months
April 20th, 2007, 08:00 PM
Quoting Toro
Cool, I just learned as well.
I just learned how to use the "multi" button!
Quoting hermanntrude
yah, what Kreskin said
please tell me. i've been wondering for months
