I’ve still never understood the gold meme. Everytime I ask “why is gold safe?” I get the same answer. “Gold always has value and keeps the same value”. Then future questions like “but the price fluctuates, but people don’t actually use or eat gold, but what’s the difference between diamond which is much harder and gold?” I get the same answer, “it just is”. Can any Jow Forumsness men help a brainlet out? Why is gold safe?
Gold Standard
Daniel Young
Charles Foster
gold doesnt rust
Alexander Gray
Pric fluctuates due to the value of the currency you compare it to fluctuating. Gold and silver prices are dropping right now because the dollar is getting stronger. People do eat gold, and they use it in electronics and jewelry. Gold is better than diamonds because gold is an element and can't be created or destroyed without using massive amounts of energy. Diamonds are made of carbon and can be made synthetically.
Liam Evans
this man right here, gold has an actual use..
what about Bitcoin? what value or use has bitcoin?
none.
Easton Carter
Is APMEX good for buying Gold and Silver bars?
What is the best site which gives you the most reasonable offers...I've seen sites listing 5oz of Silver at 130euros lol
Tyler Gomez
100 years ago for an ounce of gold you got a very nice suit
thats still the case.. try buying things with money from 100 years ago, you will not get very much..
Hunter Martinez
Most EU vassal states charge VAT on Silver but not on Gold. Burgers do not have this problem.
Easton Stewart
it's a dumb boomer meme
Jackson Bennett
Why is price important? The more accurately we can price things the more efficiently we can allocate resources
How do we find value, we price things relative to other things.
Everything is degrading relative to gold which makes it the value datum
It is the only way to measure price over time
When you measure things in gold you see that determinism does not exclude markets as we many have been deceived
Josiah Allen
Do you understand what the concept of a "store of value" is? The characteristics of gold make it ideal for this purpose, and every human society in history that ever encountered it used it for that.