You can't eat it, or use it to write Google. So why has it always been the investment of last resort?
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Why is gold so valuable?
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Why is gold so valuable?
Speaking gibberish on internet talkboards since last Michaelmas. Plus here on Twitter -
In the eyes of stupid people who invested into junk bonds, securitised property bulltulip and other things buying gold is a safe thing.
They probably think that because gold is harder to "print" compared to money it will save them from inflation. It may well do because others think so as well - it is a self maintaining pyramid, just like the housing market was when the prices can only go up. -
Gold has always had at least some 'intrinsic' value. That is, a residual core worth quite separate from normal supply and demand dynamics. In a small way it violates the maxim: "an asset is only worth what someone is prepared to pay for it".Cats are evil.Comment
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Cos it's rare, shiny and nice and doesn't lose it's lustre. Very pretty, and you can wear it. Contrast that with paper money. They can just print it, it rapidly becomes dirty and creased and you'd look pretty stupid wearing a load of 10ers.Comment
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Originally posted by Turion View PostCos it's rare, shiny and nice and doesn't lose it's lustre. Very pretty, and you can wear it. Contrast that with paper money. They can just print it, it rapidly becomes dirty and creased and you'd look pretty stupid wearing a load of 10ers.
I reckon diamonds are better : hardest substance and all that.Comment
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Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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the value of Gold doesnt bother me too much.
I'll tell you what bothers me.
Diamonds are a girls best friend, but a dog is a mans best friend.
Where's the equality in that ?
Yet again white middle class men are being ripped off by the greed of the so-called womans movement
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(>'.'<)
("")("") Born to Drink. Forced to WorkComment
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Originally posted by BrilloPad View PostDoesn't it have some good chemical properties too? I am sure they used some in that McLaren car.
When I was an engineer we'd sometimes put a very thin plate of gold on edge connectors. I sometimes wonder how much gold is lost in industrial scrap.Comment
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Originally posted by Doggy Styles View PostGold is one of the best conductors of electricity, better than copper and miles better than mud.
When I was an engineer we'd sometimes put a very thin plate of gold on edge connectors. I sometimes wonder how much gold is lost in industrial scrap.
Not sure how economical it would be to try and reclaim it in acid baths and suchlike though. But if the pound keeps sinking there must come a point when that is viable.Work in the public sector? Read the IR35 FAQ hereComment
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