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.
Re: GOLD is it worth 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 😠
Re: Re: GOLD is it worth it?
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?
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.
Re: GOLD is it worth 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?
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.
Originally posted by Schecter
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.
Its not impossible to create, just isn´t possible YET.
And I´m not wrong, I asked a question so how can I be wrong?
I don´t think Gold matters that much anymore anyway, the banks just make up numbers as they go along. Or is there an independent agency which goes along to count the Banks gold bars.
Before you accuse me of anything educate your self!!