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Old 11-09-2012, 14:13   #39
Atlas
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Join Date: Oct 2001
Location: north of the equator
Posts: 14,864
Quote:
Originally Posted by sheriff733 View Post
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Gold is a commodity. It's only worth is what two people fighting over it will pay for it. If all of a sudden gravel rocks were a highly sought after item, we'd be paying through the nose for it too. The only value gold has is whatever another person deems it to be worth. That's a hell of a risky investment.
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Of course it is...


Quote:
Originally Posted by sheriff733 View Post
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Gold's value is not based on math.
That makes no sense at all.


Quote:
Originally Posted by sheriff733 View Post
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It's based on someone's opinion, and no way in the world would I bet my way of life on another person's opinion. ..
What in this world is worth other than what someone's opinion dictates? Isn't that what makes a market?


Quote:
Originally Posted by sheriff733 View Post
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Gold is based on supply and demand. As you know, things that are based on supply and demand fluctuate in value
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What isn't based on supply and demand?
What does not fluctuate in value?


Quote:
Originally Posted by sheriff733 View Post
..... When things get really bad, it'll be just as valuable as the piece of green paper in your pocket.
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Because human nature as demonstrated thru all of human history will have suddenly and totally changed?
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Last edited by Atlas; 11-09-2012 at 14:18..
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