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Why is gold worth so much money?
Droid
Registered User
User ID: 51614
01-07-2012 04:01 AM

Posts: 1,320



Post: #1
teach Why is gold worth so much money?
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I don't get it. Yeah, it makes jewelry. Big deal. Just because it's rare shouldn't make it valuable. If Nell Carter put a clam burrito in her ass and served it with fudge & lemon seltzer, that would be a rare meal, but nobody would pay a penny to have it.

So assuming monetary value, what makes gold so important?
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Mike
lop guest
User ID: 50511
01-07-2012 04:04 AM

 



Post: #2
RE: Why is gold worth so much money?
Rare metals are worth more money, simple as that regardless of if you think it shouldn't make it more valuable or not.
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munit
AimUnit111
User ID: 67682
01-07-2012 04:05 AM

Posts: 3,955



Post: #3
RE: Why is gold worth so much money?
Mike  Wrote: (01-07-2012 04:04 AM)
Rare metals are worth more money, simple as that regardless of if you think it shouldn't make it more valuable or not.

Why is money worth so little gold? is another question you may ask yourself, OP.

I was great. You loved it. [Image: 7D47_4E962234.gif]
(This post was last modified: 01-07-2012 04:06 AM by munit.) Quote this message in a reply
SecretGeek
Elvis @ 17 @ Louisiana Hayride
User ID: 61099
01-07-2012 04:08 AM

Posts: 22,685



Post: #4
RE: Why is gold worth so much money?
Droid  Wrote: (01-07-2012 04:01 AM)
I don't get it. Yeah, it makes jewelry. Big deal. Just because it's rare shouldn't make it valuable. If Nell Carter put a clam burrito in her ass and served it with fudge & lemon seltzer, that would be a rare meal, but nobody would pay a penny to have it.

So assuming monetary value, what makes gold so important?

Is can disappear and reappear by modifying their electrons. It is an excellent semiconductor. It is precious and can be used as currency.

Need more reasons?
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munit
AimUnit111
User ID: 67682
01-07-2012 04:12 AM

Posts: 3,955



Post: #5
RE: Why is gold worth so much money?
SecretGeek  Wrote: (01-07-2012 04:08 AM)
Droid  Wrote: (01-07-2012 04:01 AM)
I don't get it. Yeah, it makes jewelry. Big deal. Just because it's rare shouldn't make it valuable. If Nell Carter put a clam burrito in her ass and served it with fudge & lemon seltzer, that would be a rare meal, but nobody would pay a penny to have it.

So assuming monetary value, what makes gold so important?

Is can disappear and reappear by modifying their electrons. It is an excellent semiconductor. It is precious and can be used as currency.

Need more reasons?

Meh. While a gold-tard myself, am getting away from the idea that "excellent electrical conductor" is a good reason to validate its worth. Silver is a better electrical conductor than gold is. Also, graphene is like 100x as conductive as silver. http://en.wikipedia.org/wiki/Graphene#El..._transport

I was great. You loved it. [Image: 7D47_4E962234.gif]
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Droid
Registered User
User ID: 51614
01-07-2012 04:12 AM

Posts: 1,320



Post: #6
RE: Why is gold worth so much money?
SecretGeek  Wrote: (01-07-2012 04:08 AM)
Droid  Wrote: (01-07-2012 04:01 AM)
I don't get it. Yeah, it makes jewelry. Big deal. Just because it's rare shouldn't make it valuable. If Nell Carter put a clam burrito in her ass and served it with fudge & lemon seltzer, that would be a rare meal, but nobody would pay a penny to have it.

So assuming monetary value, what makes gold so important?

Is can disappear and reappear by modifying their electrons. It is an excellent semiconductor. It is precious and can be used as currency.

Need more reasons?
OK, so it has some special properties for scientific application? That's great. As far as it being "precious", that's an opinion. It's not precious to me.
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Max Powers
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User ID: 68897
01-07-2012 04:14 AM

 



Post: #7
RE: Why is gold worth so much money?
when push comes 2 shove, its only worth what someone else will give u 4 it.
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Droid
Registered User
User ID: 51614
01-07-2012 04:14 AM

Posts: 1,320



Post: #8
RE: Why is gold worth so much money?
Mike  Wrote: (01-07-2012 04:04 AM)
Rare metals are worth more money, simple as that regardless of if you think it shouldn't make it more valuable or not.

Yes, but that is the whole premise of this thread. WHY is it so important to people? Rarity doesn't equal value.
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Florida Sucks
Registered User
User ID: 66931
01-07-2012 04:14 AM

Posts: 744



Post: #9
RE: Why is gold worth so much money?
Droid  Wrote: (01-07-2012 04:01 AM)
I don't get it. Yeah, it makes jewelry. Big deal. Just because it's rare shouldn't make it valuable. If Nell Carter put a clam burrito in her ass and served it with fudge & lemon seltzer, that would be a rare meal, but nobody would pay a penny to have it.

So assuming monetary value, what makes gold so important?

http://www.youtube.com/watch?v=sr0gNJ090JA
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Droid
Registered User
User ID: 51614
01-07-2012 04:16 AM

Posts: 1,320



Post: #10
RE: Why is gold worth so much money?
Max Powers  Wrote: (01-07-2012 04:14 AM)
when push comes 2 shove, its only worth what someone else will give u 4 it.

That's what I was thinking. Why have people been willing to go to such great lengths to get gold all the way back into ancient history? The ancients didn't want it because it was worth currency. There must have been other reasons besides its beauty.
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Mike
lop guest
User ID: 50511
01-07-2012 04:16 AM

 



Post: #11
RE: Why is gold worth so much money?
Droid  Wrote: (01-07-2012 04:12 AM)
SecretGeek  Wrote: (01-07-2012 04:08 AM)
Droid  Wrote: (01-07-2012 04:01 AM)
I don't get it. Yeah, it makes jewelry. Big deal. Just because it's rare shouldn't make it valuable. If Nell Carter put a clam burrito in her ass and served it with fudge & lemon seltzer, that would be a rare meal, but nobody would pay a penny to have it.

So assuming monetary value, what makes gold so important?

Is can disappear and reappear by modifying their electrons. It is an excellent semiconductor. It is precious and can be used as currency.

Need more reasons?
OK, so it has some special properties for scientific application? That's great. As far as it being "precious", that's an opinion. It's not precious to me.

Well it's been longed for by people of most every civilization since man discovered it, hence it has value based simply on that alone. Bluefin tuna is something I don't at all considered precious to me, I have zero interest in it - yet one recently sold for $1200 a pound. But since my personal opinion doesn't set the price of tuna, it can sell for that much.
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Mike
lop guest
User ID: 50511
01-07-2012 04:16 AM

 



Post: #12
RE: Why is gold worth so much money?
Droid  Wrote: (01-07-2012 04:14 AM)
Mike  Wrote: (01-07-2012 04:04 AM)
Rare metals are worth more money, simple as that regardless of if you think it shouldn't make it more valuable or not.

Yes, but that is the whole premise of this thread. WHY is it so important to people? Rarity doesn't equal value.

To some people it does, you'll have to accept that.
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LoP Guest
lop guest
User ID: 69987
01-07-2012 04:18 AM

 



Post: #13
teach RE: Why is gold worth so much money?
because you can gets lots of diamonds with it!!!!!


Jptdknpa
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SecretGeek
Elvis @ 17 @ Louisiana Hayride
User ID: 61099
01-07-2012 04:22 AM

Posts: 22,685



Post: #14
RE: Why is gold worth so much money?
munit  Wrote: (01-07-2012 04:12 AM)
SecretGeek  Wrote: (01-07-2012 04:08 AM)
Droid  Wrote: (01-07-2012 04:01 AM)
I don't get it. Yeah, it makes jewelry. Big deal. Just because it's rare shouldn't make it valuable. If Nell Carter put a clam burrito in her ass and served it with fudge & lemon seltzer, that would be a rare meal, but nobody would pay a penny to have it.

So assuming monetary value, what makes gold so important?

Is can disappear and reappear by modifying their electrons. It is an excellent semiconductor. It is precious and can be used as currency.

Need more reasons?

Meh. While a gold-tard myself, am getting away from the idea that "excellent electrical conductor" is a good reason to validate its worth. Silver is a better electrical conductor than gold is. Also, graphene is like 100x as conductive as silver. http://en.wikipedia.org/wiki/Graphene#El..._transport

I don't mess with gold as a precious because the expected return is not large enough.
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Max Powers
lop guest
User ID: 68897
01-07-2012 04:22 AM

 



Post: #15
RE: Why is gold worth so much money?
Droid  Wrote: (01-07-2012 04:16 AM)
Max Powers  Wrote: (01-07-2012 04:14 AM)
when push comes 2 shove, its only worth what someone else will give u 4 it.

That's what I was thinking. Why have people been willing to go to such great lengths to get gold all the way back into ancient history? The ancients didn't want it because it was worth currency. There must have been other reasons besides its beauty.

gold is used in space travel for its use as a shield against heat and radiation.
there r a lot of theories of ancient civilization and aliens/and or space travel. not sure i believe it or not, but could be a possible theory
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