manlymatt83
Lifer
People keep saying that if the economy gets worse, stock up on gold. You can use it to buy toilet paper, etc.
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Why is gold worth so much?
- Thread starter manlymatt83
- Start date
EMPshockwave82
Diamond Member
because people equate precious metals to money when paper money is worth nothing
It's all perception. Gold is rare and it is a precious metal but I would rather have a skill than gold.
What's worth more in a primitive world where paper money is worth nothing? Gold or the ability to make knives / guns / gun powder / strong weapons?
Sure gold can buy those things, but if you can make them then you can make gold. It's all perception of money and what an item is worth.
It's all perception. Gold is rare and it is a precious metal but I would rather have a skill than gold.
What's worth more in a primitive world where paper money is worth nothing? Gold or the ability to make knives / guns / gun powder / strong weapons?
Sure gold can buy those things, but if you can make them then you can make gold. It's all perception of money and what an item is worth.
Mo0o
Lifer
How can you equate a skill and a form of currency? Its comparing apples to oranges. The two aren't mutually exclusive. Even in a primitive world, assuming gold is in adequate abundance, it'll be used as currency so you might as well have a skill that'll give you gold to trade for other things. Barter economies are inefficient
EMPshockwave82
Diamond Member
Pretty sure that's what I meant.
Skills are worth more than money or people wouldnt pay for them................
DangerAardvark
Diamond Member
It's shiny.
theflyingpig
Banned
As an alchemist, I find gold to be one of the most common elements. It was incredibly rare about a hundred years ago, but now you can find gold anywhere. This is due to alchemy. No one will admit it, but it's true.
The value of gold is only partly artificial. You see, the only way to transmute a substance into gold is to use what is known as the "Philosophers Stone". What is not commonly known, is that the Philosophers Stone is not something that can be found. It must be made. There is a high cost to creating it though. To make mine, I had to slaughter ten thousand innocents. This proved difficult, but I went through with it, and my efforts were rewarded with the ability to make gold.
What does this have to do with the relative worth of gold? I'll tell you why. To my knowledge there are only three Philosophers Stones in the world. I have one, and two others, who I shall not mention by name have them. We three are the ones who create all of the gold in the world. It is we who control the price of gold.
The value of gold is only partly artificial. You see, the only way to transmute a substance into gold is to use what is known as the "Philosophers Stone". What is not commonly known, is that the Philosophers Stone is not something that can be found. It must be made. There is a high cost to creating it though. To make mine, I had to slaughter ten thousand innocents. This proved difficult, but I went through with it, and my efforts were rewarded with the ability to make gold.
What does this have to do with the relative worth of gold? I'll tell you why. To my knowledge there are only three Philosophers Stones in the world. I have one, and two others, who I shall not mention by name have them. We three are the ones who create all of the gold in the world. It is we who control the price of gold.
wwswimming
Banned
it's not that gold is worth so much, it's that the dollar is more closely resembling
a piece of paper.
a piece of paper.
IHateMyJob2004
Lifer
Gold .... we dig it out of the ground, refine it and put it back into the ground. I don't get it.
It's price is based on perception and it's value is based on nothing.
Wait for the gold bubble to pop. That should be amusing.
It's price is based on perception and it's value is based on nothing.
Wait for the gold bubble to pop. That should be amusing.
IHateMyJob2004
Lifer
A skill with certainly provide you with future free cash flows. What will gold certainly give you?
coolVariable
Diamond Member
I read somewhere that the amount of gold mined throughout history could barely fill two Olympic swimming pools.
imported_Imp
Diamond Member
That's what I've read. Price for it is way over-inflated right now.
miketheidiot
Lifer
funny, i coudl have sworn that the dollar was at a recent high
miketheidiot
Lifer
gold is the original fiat currency.
quakefiend420
Lifer
do you know what the word fiat means?
quakefiend420
Lifer
other currencies weakening more quickly than the USD != the USD is strong
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