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Why is Gold worth so much?
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[quote:Biochemky:MV8xNjU5MzM1XzI3NDEwNTE2X0VBNjk2NjA1] [quote:citizenperth:MV8xNjU5MzM1X0VGNjUxMTA0] I mean, this is a real question... yeah it's precious... but apart from industial conductivity, beauty, and not a lot of it.... Why in this day and age is everything based on it??? oh, and then they turn it into blocks and store it.... wtf.... [/quote] The inherent value of gold never changes. Only the value of the fiat currency with which you purchase a certain amount of gold (like 1 ounce) changes. The "price" of gold when expressed in terms of units of fiat currency [i]appears to fluctuate [/i]. It is actually fluctuation in the value of the fiat currency you are using to purchase the gold that you are observing fluctuating, not the actual inherent value of the precious metal itself. [youtube]http://www.youtube.com/watch?v=yFaUCPPAdc8 [/youtube] [/quote]
Original Message
I mean, this is a real question...
yeah it's precious... but apart from industial conductivity, beauty, and not a lot of it....
Why in this day and age is everything based on it???
oh, and then they turn it into blocks and store it.... wtf....
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