Why is gold so valuable ?

Discussion in 'Gold' started by Dusty, Aug 19, 2011.

  1. Haggai 2:8

    Haggai 2:8 Member

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    Because God says so:

    Genesis 2:11-12 The name of the first is Pison: that is it which compasseth the whole land of Havilah, where there is gold; And the gold of that land is good: there is bdellium and the onyx stone.

    The word good was translated from the Hebrew word towb which can also translated precious, prosperity, wealth etc.

    ;)
     
  2. systematic

    systematic Well-Known Member

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    Enlil at it again ....
     
  3. jpanggy

    jpanggy Active Member

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    You have both, I leave it in your capable taste buds.
     
  4. systematic

    systematic Well-Known Member

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    pass .... lol

    side note: peasants would collect the Siberian shamans urine and drink it apparently (but that was for the amanita muscaria)
     
  5. jpanggy

    jpanggy Active Member

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    So, do we actually have a definite answer why gold is so valuable? Or Bernanke still got it right with his "tradition".
     
  6. systematic

    systematic Well-Known Member

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    I think Bernanke got it right when he said "Tradition" (what an understatement) but he did not go further - he probably knows about the topics we have touched on in this thread.

    The book "The Power of Gold" got a review from Paul Volker - the ex chairman of the Federal Reserve read the book and knows about it - i would say Bernanke does too.

    When Bernanke said gold is not money - he was right - it is power.


    [​IMG]
     
  7. euphoria

    euphoria New Member

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    Gold is valuable because humans give it such, it has no magical 'tits and is on fire properties'. If I could convince enough people that an ant stuck to a piece of tape was valuable we could use that as money. It is a medium of exchange and a store of value. Paper/electronic money is an excellent medium of exchange and far more convenient than gold, however it is piss poor as a store of value. As mentioned earlier, difficult to get, represents labour/energy etc, in short not easily created. as oppose to pressing CTRL+P.
     
  8. RhythmDoctor

    RhythmDoctor Active Member

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    Thats what YOU think... ahahaha! (rocks back and forth) :D


    Again, I emphasise that I prefer gold in my safe, than numbers on an ATM screen :)
     
  9. Nickoru

    Nickoru Member

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    Gold is valuable because it was, it is and will be accepted as universal currency beyond time and border. Empires rise and fall, currencies fail but the gold is above that. You can exchange gold (as well as silver) in any time and any country for some services unlike the currencies. If I come to the farmer in NZ with a bunch of russian rubles in hand asking for a glass of milk he'll either give me it for free or deny my request. Because he can't use those russian rubles to get anything for himself from his neighbors. But if I show him a silver or gold coin he'll easily accept 'cause he can use that to get something he needs from others as well. Yes, it's a historical occurrence that gold and silver is money since the very beginning. Gold is also practically indestructible by natural events.

    Our paper money produced by indebted economies is unworthy compared with PMs. Should (God forbid!) a terrible natural disaster, military conflict or economic collapse emerge, paper money will turn almost useless as the issuing country will be unable to provide enough necessities for it's people while having a ruined economy. But gold and silver gonna work - they will at least have SOME value for suppliers.
     
  10. Photonaware

    Photonaware Active Member

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    It is a beautiful metal that doesn't tarnish or rust.
    It has a wonderful yellowish colour.
    It is inert and can only be dissolved in Aqua Regia ( Concentrated fresh Nitric and Hydorchloric acid mix )
    It can be beaten to a semi transparent thickness ( gold leaf ).
    It is soft and can be pressed into shapes or melted quite easily.
    It has been adorned since it was used for decorative purposes associated with Kings and Rulers.
    A truly noble metal and relatively scarce compared to other common metals.
    Lasts forever !
     
  11. systematic

    systematic Well-Known Member

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    has levitation and interdimensional properties ... shhhhh
     
  12. RhythmDoctor

    RhythmDoctor Active Member

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    dude, I want some links - for my own amusement/enlightenment obviously :D
     
  13. systematic

    systematic Well-Known Member

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    shhhhhhhhh ........... :rolleyes:
     
  14. haveblue

    haveblue New Member

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    It can release enormous amounts of energy:

    "When the gold nuclei, traveling at 99.999% of the speed of light, smashed together, the plasma that resulted was so energetic that a tiny cube of it with sides measuring about a quarter of the width of a human hair would contain enough energy to power the entire United States for a year."

    http://opac.yale.edu/news/article.aspx?id=7358
     
  15. systematic

    systematic Well-Known Member

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    blabber mouth ...


    shhhhhhhhhhhhhh ......... :rolleyes:
     
  16. boston

    boston Well-Known Member Silver Stacker

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    Don't laugh, but I have actually seen someone levitate once. Until the power was turned off. :) True story!
     
  17. haveblue

    haveblue New Member

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    Hahaha should I post some other links?...you know the ones....
     
  18. systematic

    systematic Well-Known Member

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    ahhhh ... what the heck ... go for it ...

    some people still dont believe cloudy ammonia cleans 1966 50 cent pieces .....
     
  19. RhythmDoctor

    RhythmDoctor Active Member

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    I'd appreciate some... if they're what I think they are...

    Even some PM'd would be good - give my brain some food for thought while I'm at work bored outta my skull! :D

    RD
     
  20. haveblue

    haveblue New Member

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    I'm hearing ya Systematic....I think I'll refrain for now. I figured that that link was about as "official" as I could get...
     

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