Click HERE to see this thread with all of the graphics, features, and links.

This question came to mind after hearing of all the gold miners trapped and how many die each year especially in China & S. Africa.

I mean what does Gold do apart from sitting in a bank vault somewhere.
Its a rare metal ok, and is only used for jewelery, teeth crowns and in some electronic circuitry. There is no major important use for it at all apart from enabling its owner to have loads of money.

When you think about it its rather silly, and sad that people die mining for it. The mines in S.Africa are 4 KM deep, the deepest mines in the world talk about desperation, but. IS it worth it?

You obviously don't realise everyone's money systems are based off of how much Gold they are worth.

That is why coins in the olden days, we're made out of gold. That's also the reason the UK calls them pounds. They used to be a pound of gold.

Gold is a very stable place to invest money...it is essentially the reserve of almost every country in the world and is used a stable back up to avoid massive economic collapse

the reason is gold is highly stable elementally...almost all of the 146,000 tonnes it it ever mined still exists today

the total gold held in central banks is about $3,500,000,000,000 which is about 1% of total global capitalization value

so yes...it's worth it

i wish i had invested in gold back in 2000. up to like $750 an ounce now,

trade!!!!!!!!! gold is the value which assets of countries are valued by so if you want what we have today to crush well................

Gold these days isnt very valuable actually as a country's finacial asset. Its just mined for jewelry and rich crap mostly.

Sadly the US isn't worth her weight in gold anymore..

no, gold is only worth the value that people put on it and perceive it to be, but not really worth anything....

It's worth it.

anata wa wakarimasu ka.....

I get what he's saying. Its almost like we are a bunch of cavemen, worshipping the shinny stone. Its all socially accepted anywhere that people want gold, how did that happen? Who knows.

Originally posted by frankenfeltch
I get what he's saying. Its almost like we are a bunch of cavemen, worshipping the shinny stone. Its all socially accepted anywhere that people want gold, how did that happen? Who knows.

then you do not understand world economics as well. its not worship. its the most reliable and practical market standard.

but yes, its pretty and people have liked to wear it for thousands of years. doesnt mean that one caused the other.

Originally posted by Schecter
then you do not understand world economics as well. its not worship. its the most reliable and practical market standard.

but yes, its pretty and people have liked to wear it for thousands of years. doesnt mean that one caused the other.


Yes but the question is, what the hell caused our fascination with it in the first place? Obviously its not a current thing, but it seems like its a trend that has lasted for thousands of years or more. I understand that we can't just print money and say, "Alright this piece of paper is worth this much!" because every currency needs some sort of universal worth to back it up. Its just surprising that universally, gold is still the standard.


Here's another question: Why spend $600 on an iPhone?

This would be a great time to discuss the Federal Reserve Bank of the U.S. which is actually a private instiution

Originally posted by ~Forever*Alone~
no, gold is only worth the value that people put on it and perceive it to be, but not really worth anything.... NO, gold is our monetary system..


It is no longer the state of our economy. Our dollar has gone DOWN!!

Originally posted by frankenfeltch
Yes but the question is, what the hell caused our fascination with it in the first place? Obviously its not a current thing, but it seems like its a trend that has lasted for thousands of years or more. I understand that we can't just print money and say, "Alright this piece of paper is worth this much!" because every currency needs some sort of universal worth to back it up. Its just surprising that universally, gold is still the standard.

again you're trying to imply a direct cause. if you feel that gold is a bad standard, then suggest a new one.


Originally posted by frankenfeltch
Here's another question: Why spend $600 on an iPhone?

how is this relevant?

Originally posted by Bicnarok
When you think about it its rather silly, and sad that people die mining for it. The mines in S.Africa are 4 KM deep, the deepest mines in the world talk about desperation, but. IS it worth it?

Not to mention gold is very important in electronics, biological experiements and other scientific applications.

It extends beyond an economic value.

Bells on my fingers and rings on my toes, just doesn't do it for government and all that is owned.

Okay, bad rhyme.

Gold is certainly worth it. Not only is it shiny but because there is a limited amount it makes a stable base for an economy.

Gold is the stabilizer of a government. It's a countries worth in dollars per gold ounce. It's the backer of an economy. If it's not there, then the economies dollars are not worth much. The dollar's worth will fall. Take that to the bank in consideration to the the other countries dollar value and you'll see the value of it.

Originally posted by Bicnarok
This question came to mind after hearing of all the gold miners trapped and how many die each year especially in China & S. Africa.

I mean what does Gold do apart from sitting in a bank vault somewhere.
Its a rare metal ok, and is only used for jewelery, teeth crowns and in some electronic circuitry. There is no major important use for it at all apart from enabling its owner to have loads of money.

When you think about it its rather silly, and sad that people die mining for it. The mines in S.Africa are 4 KM deep, the deepest mines in the world talk about desperation, but. IS it worth it?

I d on't think after all that happen that they should keep on doing it.It is showing up alot in the news.Why can't people take the hint and leave it alone.
What is more imporant gold or people's lifes?jm

Originally posted by ADarksideJedi
I d on't think after all that happen that they should keep on doing it.It is showing up alot in the news.Why can't people take the hint and leave it alone.
What is more imporant gold or people's lifes?jm

we should stop mining gold because some banana republic doesnt ensure safety standards for their miners? thats your solution? economical collapse for everyone? we should all starve so that a miner may live....and then starve?

I just think its odd that the worlds economy is based on some metal that does nothing, what if someone discovers a massive mountain range full of Gold, or someone comes across an easy way of making it?

What happens to the economy then?

Originally posted by Bicnarok
I just think its odd that the worlds economy is based on some metal that does nothing, what if someone discovers a massive mountain range full of Gold, or someone comes across an easy way of making it?

What happens to the economy then?

If it was simply found then we modify the value of gold per ounce I assume. If it were mad en masse gold would be useless as an economic base and we'd have to do something crazy like base our economy on slips of paper or streams of numbers.

Originally posted by Bicnarok
I just think its odd that the worlds economy is based on some metal that does nothing, what if someone discovers a massive mountain range full of Gold, or someone comes across an easy way of making it?

What happens to the economy then?

as was pointed out, its not useless. you chose to ignore the facts.
also, part of what makes gold an ideal standard is that its impossible to create. impossible and asinine hypothetical scenarios do not prove a thing. you're just wrong. if you ignore the evidence, you're still wrong.

Originally posted by Bicnarok
This question came to mind after hearing of all the gold miners trapped and how many die each year especially in China & S. Africa.

I mean what does Gold do apart from sitting in a bank vault somewhere.
Its a rare metal ok, and is only used for jewelery, teeth crowns and in some electronic circuitry. There is no major important use for it at all apart from enabling its owner to have loads of money.

When you think about it its rather silly, and sad that people die mining for it. The mines in S.Africa are 4 KM deep, the deepest mines in the world talk about desperation, but. IS it worth it?

Can you think of a better standard for the worlds economies to run off?

Name it and state your case, otherwise, you're basically saying "This is stupid because I say so.", which is stupid argument in itself.

forget gold, invest in plutonium.

according to the television infomercials. If you buy a five dollar gold coin for $100, it will be worth $10,000 in fifty years. Seeing how T.V never lies, i would say gold is still worth it. Then again, the coin vault tries to sell me ten silver dollars for $1500, so maybe silver is the way to go