JamesGalt
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| Joined: 01 Sep 2007 |
| Total Posts: 13607 |
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| 13 Jun 2014 10:00 PM |
I don't understand the demand for it.
It's useless.
It is dug out of the ground to be put in a vault. |
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| 13 Jun 2014 10:10 PM |
| BECAUSE GOLD SHINY, SHINY THINGS GOOD! |
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| 13 Jun 2014 10:42 PM |
| It's a very weak metal too. In fact, gold jewellery is better when it isn't pure gold. Everyone adds iron and copper in the gold when they make gold jewellery. Not only is that cheaper, but real gold would break very easily. |
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| 13 Jun 2014 11:36 PM |
| http://geology.com/minerals/gold/uses-of-gold.shtml |
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| 14 Jun 2014 12:33 AM |
Gold can conduct electricity and (was, until the standard was abolised) a good metal for currency.
Also shiny shiny shiny |
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| 14 Jun 2014 12:51 AM |
"a good metal for currency."
You do know that golden coins are actually alloys, right? They're barely gold at all. |
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| 14 Jun 2014 01:08 AM |
@anothey
Depends how far back you go. Heck, up until the 20th century, gold was what made currency valuable, until the gold standard was abolished and currency became something artificially held up. Also, for example, in Greco-Roman times, solid gold or silver coins were used. The Spanish flooded Europe with gold and silver after their conquests in the Americas, making alloys pointless as precious metals became abundant. |
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2013Yay
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| Joined: 31 Dec 2012 |
| Total Posts: 5299 |
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| 14 Jun 2014 04:38 AM |
| Richer countries are always storing gold to be secured if their currency is getting worthless, gold is one of the most stable investions and used as rings, or necklaces by rich people to look rich. |
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| 14 Jun 2014 04:41 AM |
Gold is rare, that's why it's so valuable and why the price is so stable.
#LogicMakesSense |
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| 14 Jun 2014 04:57 AM |
| Actually, the price of gold is not that stable at all. It's very, very fluid and changes depending on the economic circumstances, such as the Great Depression. |
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2013Yay
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| Joined: 31 Dec 2012 |
| Total Posts: 5299 |
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| 14 Jun 2014 05:11 AM |
"Actually, the price of gold is not that stable at all. It's very, very fluid and changes depending on the economic circumstances, such as the Great Depression."
What is more stable than gold? |
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| 14 Jun 2014 05:52 AM |
| Thin gold leaves are used to test rays in labs(quantum phisics). |
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| 14 Jun 2014 06:37 AM |
| Gold is utilized in a lot of things. Gold wiring conducts electricity very well and its in every pc or mac produced thats like billions in the world needing gold. |
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| 14 Jun 2014 10:50 AM |
"What is more stable than gold?"
Tin is the stablest thing element ever. It's ten times as stable as gold. |
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| 14 Jun 2014 10:51 AM |
| I meant it's the stablest element ever, I don't know where that extra word came from. |
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MrPhelps
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| Joined: 27 Feb 2010 |
| Total Posts: 27982 |
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| 14 Jun 2014 10:53 AM |
Dollars used to be backed by gold.
Stupid government. Instead of giving us our gold bullion, they give us flimsy pieces of green paper!
~Phelps in OT~ |
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2013Yay
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| Joined: 31 Dec 2012 |
| Total Posts: 5299 |
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| 14 Jun 2014 10:54 AM |
| anotheytraitii, i was replying to the post about the stability of the "worth" of gold, not of the material, so i was talking about the economic stability of gold. |
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| 14 Jun 2014 12:12 PM |
| Credit crunch a while back, I think. Plus, shineh :). |
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| 14 Jun 2014 12:49 PM |
| what's the use of anything not needed for survival |
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| 14 Jun 2014 12:49 PM |
| J3ws like gold you must be a j3w |
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| 14 Jun 2014 01:34 PM |
The only thing Gold is good for is for science and whatnot.
But I can live without gold. |
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