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Why is Gold worth so much?

 
citizenperth
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09/30/2011 01:52 AM

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Why is Gold worth so much?
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....

Last Edited by Citizenperth on 09/30/2011 01:53 AM
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Anonymous Coward
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09/30/2011 01:54 AM
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Re: Why is Gold worth so much?
cuz its purty


like your purty lips

you like wearing purty dresses , suzy?>5a
citizenperth (OP)
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09/30/2011 01:58 AM

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Re: Why is Gold worth so much?
cuz its purty


like your purty lips

you like wearing purty dresses , suzy?>5a
 Quoting: Anonymous Coward 1976387


lmao.. yeah, but there's more to it isn't there?.. was a real question....
banana2
It's life as we know it, but only just.
My Fukushima Site:
[link to citizenperth.wordpress.com]
sic ut vos es vos should exsisto , denego alius vicis facio vos change , exsisto youself , proprie

GLP's best Fuku thread: Thread: *** Fukushima *** and other nuclear-----updates and links
twitter: @citizenperth
“If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I knew the proper question, I could solve the problem in less than five minutes.”
- Albert Einstein
citizenperth (OP)
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09/30/2011 02:02 AM

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Re: Why is Gold worth so much?
kinda thought we might have someone here with the expertise to answer this....
It's life as we know it, but only just.
My Fukushima Site:
[link to citizenperth.wordpress.com]
sic ut vos es vos should exsisto , denego alius vicis facio vos change , exsisto youself , proprie

GLP's best Fuku thread: Thread: *** Fukushima *** and other nuclear-----updates and links
twitter: @citizenperth
“If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I knew the proper question, I could solve the problem in less than five minutes.”
- Albert Einstein
dot
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09/30/2011 02:05 AM
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Re: Why is Gold worth so much?
the rothschilds decide how much it is worth -
.
citizenperth (OP)
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09/30/2011 02:06 AM

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Re: Why is Gold worth so much?
the rothschilds decide how much it is worth -
.
 Quoting: dot 587237


but what is the true "worth" of it if they just store it in bunkers?

isn't that antiquated?
It's life as we know it, but only just.
My Fukushima Site:
[link to citizenperth.wordpress.com]
sic ut vos es vos should exsisto , denego alius vicis facio vos change , exsisto youself , proprie

GLP's best Fuku thread: Thread: *** Fukushima *** and other nuclear-----updates and links
twitter: @citizenperth
“If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I knew the proper question, I could solve the problem in less than five minutes.”
- Albert Einstein
Anonymous Coward
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09/30/2011 02:07 AM
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Re: Why is Gold worth so much?
cuz its purty


like your purty lips

you like wearing purty dresses , suzy?>5a
 Quoting: Anonymous Coward 1976387


lmao.. yeah, but there's more to it isn't there?.. was a real question....
banana2
 Quoting: citizenperth


...why were $200k homes selling for $500k? That is half of the current gold pricing. The other half is it's worth as a real worth mineral for industry. The properties of gold make it a worth more than other minerals plus there is not a lot of it. Remember in times past, a pound of Tulips was worth more than a pound of gold....also it's purty AND shiny.
Anonymous Coward
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09/30/2011 02:09 AM
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Re: Why is Gold worth so much?
it is not- it just seems that way as our "money" becomes progressively more worthless
Anonymous Coward
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Russian Federation
09/30/2011 02:10 AM
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Re: Why is Gold worth so much?
Simple. Fear.
Abendigo72
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09/30/2011 02:10 AM
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Re: Why is Gold worth so much?
It's been used as money for many thousands of years. It is rare, and it is universally rare. It's equally distributed through all parts of the world. No set of countries has a monopoly over it being found in their land.

Esoterically, it represents the sun.

The best gold to receive is the gold that you store in heaven, with Father God. Thanks!
Biochemky

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United States
09/30/2011 02:16 AM

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Re: Why is Gold worth so much?
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....
 Quoting: citizenperth


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 appears to fluctuate .

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.

Anonymous Coward
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Argentina
09/30/2011 02:19 AM
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Re: Why is Gold worth so much?
Hard to find.

Exist in limited quantities.

It´s easy to mold.

It´s elemental properties are superior than the ones found in other metals.

The main reasons are the first two, the other two are just added bonuses.
withoutatrace

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09/30/2011 02:19 AM
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Re: Why is Gold worth so much?
Gold has great historical significance. Many societies, for thousands of years have used gold as their form of trade currency. Part of it is it's fairly limited supply, relatively speaking, as compared to elements such as copper.

Another reason gold has been historically treasured is because of where it fits in the periodic table. The vertical group that includes "AU" (symbol for gold) also includes silver and copper. This group of elements make up the "coinage metals" which is their classification just as each other group of elements have their own classifications like noble gases, halogens, alkaline earth metals, etc.

The "coinage metals" including gold, are somewhat soft and therefore easily pressed into coins or melted into bars in their non-alloy pure state. This is quite possibly the reason that gold and silver have been so popular for ages. Silver is in more supply than gold, this the supply and demand dictates the lower cash calue for silver than for gold.

How about the price, it isn't that the value of gold is so high, as it is a reflection of how weak our dollar's purchasing power has fallen. Gold stays gold. But when it takes many more dollars to purchase the same quantity of gold, it means that the dollars are worth much less. Not many years ago, gold was in the $750 range for a troy ounce. Now that price is around $1600 and has been as high as around $1900 for a troy ounce.

The high "price" of gold is a direct reflection of the value of the currency being traded for it. When we see the gold prices rise, it means our dollar has been devalued.

The last week or so, we have seen a big drop in gold price. This drop is because there have been more regulations put in place regarding the trading of precious metals, mainly impacting people who have paper certificates of gold ownership over the physical gold in your hand. It is a temporary dip.

As we see inflation continue to worsen, and the global economic markets being to collapse (and it will), then gold will continue to rise as paper currency falls in what you can buy for a dollar. Check your local grocery store and you'll see what I mean.

People have been investing in gold to protect their investments and retirement accounts. A theoretical investor who has $10,000, could keep his $10,000 and watch it buy less and less, or he can invest it in the stock market and watch it fall in value sometimes 35%, or he can buy several ounces of gold and wait.

With our economy on the cusp of great financial doom, investing in gold is the best way to have an asset that can be traded in for the new global currency that they will be pushing us toward after the Euro and Dollar collapse.

The smart money is buying food, right now, before the prices continue to climb and millions of people end up starving in a terrible famine that will happen worldwide, including in the United States.

That's gold, in a nutshell. I do not pretend to be an expert. But gold has always been, and always will be, a form of currency that will be universally traded for another currency in any other currency.

Do not take this as investing advice. I am just attempting to help shed some light on why gold is what it is and why it costs so much.
xen

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09/30/2011 02:19 AM
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Re: Why is Gold worth so much?
the exact same reason that dot.com stocks were trading at over $100 with no prospects for earnings!

same reason oil is trading at $80 per barrel!

agendas, deceit, manipulation
Anonymous Coward
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United States
09/30/2011 02:20 AM
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Re: Why is Gold worth so much?
Hard to find.

Exist in limited quantities.

It´s easy to mold.

It´s elemental properties are superior than the ones found in other metals.

The main reasons are the first two, the other two are just added bonuses.
 Quoting: Anonymous Coward 1950562


or


cuz its purty


like your purty lips

you like wearing purty dresses , suzy?>5a
 Quoting: Anonymous Coward 1976387
Anonymous Coward
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United States
09/30/2011 02:22 AM
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Re: Why is Gold worth so much?
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....
 Quoting: citizenperth


it has intrinsic value, dumbass.

why?

figure it out.

no, but really. its neat stuff. its GOLD. its....yeah, you know, its useful or something.
citizenperth (OP)
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09/30/2011 02:41 AM

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Re: Why is Gold worth so much?
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....
 Quoting: citizenperth


it has intrinsic value, dumbass.

why?

figure it out.

no, but really. its neat stuff. its GOLD. its....yeah, you know, its useful or something.
 Quoting: Anonymous Coward 1467537


intrinsic value?... yer the dumbass.....

but to everyone else... thankyou for the heads up... i've never bothered to understand it...

made purddy statues...

easy to mold...

usefull in circuitry for conducting...

but kept in vaults... never got it and was follwing the price links... just wondered

so thankyou
It's life as we know it, but only just.
My Fukushima Site:
[link to citizenperth.wordpress.com]
sic ut vos es vos should exsisto , denego alius vicis facio vos change , exsisto youself , proprie

GLP's best Fuku thread: Thread: *** Fukushima *** and other nuclear-----updates and links
twitter: @citizenperth
“If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I knew the proper question, I could solve the problem in less than five minutes.”
- Albert Einstein
Anonymous Coward
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09/30/2011 02:42 AM
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Re: Why is Gold worth so much?
the true value of it originates in sacred texts... it is still a well kept secret.

People believed that gold surrounding the body prevented absorption out in space...the journey into other worlds..

the Eygptians were not the first to start 'ornate' burial methods... you can see it with the burial tombs of the Pharoahs etc.

The belief/knowledge may have originated in UR Crete.
Anonymous Coward
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09/30/2011 02:43 AM
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Re: Why is Gold worth so much?
It's been used as money for many thousands of years. It is rare, and it is universally rare. It's equally distributed through all parts of the world. No set of countries has a monopoly over it being found in their land.

Esoterically, it represents the sun.

The best gold to receive is the gold that you store in heaven, with Father God. Thanks!
 Quoting: Abendigo72 1481651

Thread: NASA Shuttle missions were actually communist GOLD DESTRUCTION
Thread: Where Does All Earth's Gold Come From...Meteorites
i like shiny stuff
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09/30/2011 03:16 AM
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Re: Why is Gold worth so much?
any they keep finding cool uses for gold too (:


newsflashnewsflashnewsflashnewsflashnewsflash
[link to www.gold.org]

newsflashnewsflashnewsflashnewsflashnewsflash
The Real Answer
User ID: 2127969
Australia
09/30/2011 03:32 AM
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Re: Why is Gold worth so much?
Millenia ago, aliens came to earth to mine our gold. Being more technically advanced than us, they had real applications for it, and needed it in large amounts.

In the process of mining, they enslaved us, took advantage of us. They made us call them gods and they lorded over us like kings. Gold for them was something to kill for. We didn't know why, but we knew these rulers sure loved it.

when they left, they left a power vacuum behind which was quickly filled by opportunists who took over the role of being 'gods'. In this position, they also mined gold - something that was seen as the rulers' due. Except, these new kings didn't really know what to do with it, so they made jewelry and adorned their crap with it.

It has been considered valuable ever since.
Anonymous Coward
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09/30/2011 03:36 AM
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Re: Why is Gold worth so much?
well, because it's not worth so little
Anonymous Coward
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09/30/2011 03:38 AM
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Re: Why is Gold worth so much?
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....
 Quoting: citizenperth

Because it is rare but the most important reason is because you can make "White Gold Powder" from it. If you don't know what that is then you are not alone but you can research it.


.
AlaLuna

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09/30/2011 03:45 AM
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Re: Why is Gold worth so much?
Because it can give you magical powers and make you immortal if you know how to use it.
Anonymous Coward
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09/30/2011 03:47 AM
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Re: Why is Gold worth so much?
Because it can give you magical powers and make you immortal if you know how to use it.
 Quoting: AlaLuna

BINGO....I see there is one person here who knows what White Gold is.
citizenperth (OP)
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09/30/2011 04:21 AM

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Re: Why is Gold worth so much?
Because it can give you magical powers and make you immortal if you know how to use it.
 Quoting: AlaLuna

BINGO....I see there is one person here who knows what White Gold is.
 Quoting: Anonymous Coward 2329039


ok, so what is white gold?

and if something.. why is it stored being useless?

Last Edited by Citizenperth on 09/30/2011 04:22 AM
It's life as we know it, but only just.
My Fukushima Site:
[link to citizenperth.wordpress.com]
sic ut vos es vos should exsisto , denego alius vicis facio vos change , exsisto youself , proprie

GLP's best Fuku thread: Thread: *** Fukushima *** and other nuclear-----updates and links
twitter: @citizenperth
“If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I knew the proper question, I could solve the problem in less than five minutes.”
- Albert Einstein
Anonymous Coward
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09/30/2011 04:43 AM
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Re: Why is Gold worth so much?
Because it can give you magical powers and make you immortal if you know how to use it.
 Quoting: AlaLuna

BINGO....I see there is one person here who knows what White Gold is.
 Quoting: Anonymous Coward 2329039


ok, so what is white gold?

and if something.. why is it stored being useless?
 Quoting: citizenperth

Gold is one element to use in making the Philosophers Stone. Not sure if you want the other details but its in the Book of Aquarius. You can read all about it here.

[link to www.world-mysteries.com]
citizenperth (OP)
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09/30/2011 04:45 AM

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Re: Why is Gold worth so much?
Because it can give you magical powers and make you immortal if you know how to use it.
 Quoting: AlaLuna

BINGO....I see there is one person here who knows what White Gold is.
 Quoting: Anonymous Coward 2329039


ok, so what is white gold?

and if something.. why is it stored being useless?
 Quoting: citizenperth

Gold is one element to use in making the Philosophers Stone. Not sure if you want the other details but its in the Book of Aquarius. You can read all about it here.

[link to www.world-mysteries.com]
 Quoting: Anonymous Coward 2329039


so this is the basis of alchemy, I know this, but the white gold... if it was true to exist, then why store it away for gain.... or are the dots joining....
It's life as we know it, but only just.
My Fukushima Site:
[link to citizenperth.wordpress.com]
sic ut vos es vos should exsisto , denego alius vicis facio vos change , exsisto youself , proprie

GLP's best Fuku thread: Thread: *** Fukushima *** and other nuclear-----updates and links
twitter: @citizenperth
“If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I knew the proper question, I could solve the problem in less than five minutes.”
- Albert Einstein
Anonymous Coward
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09/30/2011 04:53 AM
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Re: Why is Gold worth so much?
Because yellow resembles the Chinese. The Chinese think they're the center of the universe. They're aren't called the yellow people for no reason.
Abs

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09/30/2011 04:54 AM
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Re: Why is Gold worth so much?
Because it can give you magical powers and make you immortal if you know how to use it.
 Quoting: AlaLuna

BINGO....I see there is one person here who knows what White Gold is.
 Quoting: Anonymous Coward 2329039


ok, so what is white gold?

and if something.. why is it stored being useless?
 Quoting: citizenperth


ok, these numbers are totally made up but you can see how it works.

In the US a nice good cow is $1800 so, in other words,
cow=1 oz gold

so, if you go to Europe it takes $1500 Euros to buy a cow, so $1500 Euros is 1 oz of gold

ok...now you're the farmer...hay has gone up because you have to pay more in taxes and to the bank, and now, you have to sell the cow for $2000. Well, a cow in Europe still is the $1500 because they have no problem with hay or taxes..so in the US, gold is 2k but in Europe it's still 1.5k so we need more dollars to buy things, so the value of each dollar has dropped. So to buy that ounce of gold in the US, you are going to need 2k, while in Europe, they still only need 1.5k.

Ok, you economic people....I don't think I got that totally right...I never had to take economics. Someone do a better example.
Energy goes where the focus is....where are you putting the focus in your life?
Anonymous Coward
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Malaysia
09/30/2011 04:55 AM
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Re: Why is Gold worth so much?
The reason is very simple.

That's because China and the rest of Asian cuntries have got a few trillion trashy paper dollar. Do you still want China to buy 1 oz of gold for 10 bucks ?

More fake paper (Mainly By US) means the price of tangible/hard assets have to go up or else there would be severe shortage as a few Chinese or American billionaires would easily buy up all the gold/silver/copper and fack the world.

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