Injin Posted January 28, 2013 Share Posted January 28, 2013 Ah but it does, humans need and desire financial security. Gold, as well as other things such as paper money, land, gems, art etc provide financial security. Can we move on yet? Why does something that no one wants provide you with financial security? Compared to (for example) things that they actually do want? Quote Link to comment Share on other sites More sharing options...
killerbee Posted January 28, 2013 Share Posted January 28, 2013 Why does something that no one wants provide you with financial security? Compared to (for example) things that they actually do want? Nobody wants gold? How much GBP would someone give for an ounce of gold today? Quote Link to comment Share on other sites More sharing options...
Injin Posted January 28, 2013 Share Posted January 28, 2013 (edited) Nobody wants gold? For the gold itself very, very few people even amongst those who have gold.* How much GBP would someone give for an ounce of gold today? Not the issue, nor what's being asked. *Edit - I am basing this off the goldbugs responses, fwiw. none of them actually want gold for the gold, none of them can give me any human need gold can fulfil, none of them can point me to any organic market demand for gold. On the face of it, gold is always a bubble. Edited January 28, 2013 by Injin Quote Link to comment Share on other sites More sharing options...
sign_of_the_times Posted January 28, 2013 Share Posted January 28, 2013 For the gold itself very, very few people even amongst those who have gold.* Not the issue, nor what's being asked. *Edit - I am basing this off the goldbugs responses, fwiw. none of them actually want gold for the gold, none of them can give me any human need gold can fulfil, none of them can point me to any organic market demand for gold. On the face of it, gold is always a bubble. Seems this troll has an enormous appetite You've had enough answers to your dumb question, sod off and annoy someone else. Quote Link to comment Share on other sites More sharing options...
Injin Posted January 28, 2013 Share Posted January 28, 2013 Seems this troll has an enormous appetite You've had enough answers to your dumb question, sod off and annoy someone else. I've had no answer to my question - apart from a few honest souls who tell me no one is interested in gold at all. I take it you are another punter who is looking for a greater fool then themself? Quote Link to comment Share on other sites More sharing options...
NorthamptonBear Posted January 28, 2013 Share Posted January 28, 2013 I've had no answer to my question - apart from a few honest souls who tell me no one is interested in gold at all. I take it you are another punter who is looking for a greater fool then themself? I'm interested in gold. It is shiny and can be used to make cool/interesting/desirable jewellery. Many people want it in order to look special. From my travels around the world, I've seen it is desired by a great variety of people and I can swap a small amount for something I can use. I can't think of anything else which combines many of its convenient aspects (globally swappable, legal, durable). I'm happy to be paid in gold. Quote Link to comment Share on other sites More sharing options...
Stay Beautiful Posted January 28, 2013 Share Posted January 28, 2013 You didn't actually answer the quesion, so no. What is your reason for saying i "didn't actually answer the question"? Quote Link to comment Share on other sites More sharing options...
sign_of_the_times Posted January 28, 2013 Share Posted January 28, 2013 I've had no answer to my question - apart from a few honest souls who tell me no one is interested in gold at all. I take it you are another punter who is looking for a greater fool then themself? If by 'punter' you mean have made six figure gains through my investments in PM's over the last 10 years, then yes, I am that fool No end of people out there who want what I've got and willing to pay a premium to get it. Demand has never been better Quote Link to comment Share on other sites More sharing options...
Injin Posted January 28, 2013 Share Posted January 28, 2013 If by 'punter' you mean have made six figure gains through my investments in PM's over the last 10 years, then yes, I am that fool No end of people out there who want what I've got and willing to pay a premium to get it. Demand has never been better So you've taken other peoples money by giving them something they didn't really want? How edifying. No wonder basic questions are treated so badly. Quote Link to comment Share on other sites More sharing options...
Injin Posted January 28, 2013 Share Posted January 28, 2013 What is your reason for saying i "didn't actually answer the question"? The fact that you didn't actually answer the question, obviously. Quote Link to comment Share on other sites More sharing options...
Injin Posted January 28, 2013 Share Posted January 28, 2013 I'm interested in gold. It is shiny and can be used to make cool/interesting/desirable jewellery. Many people want it in order to look special. From my travels around the world, I've seen it is desired by a great variety of people and I can swap a small amount for something I can use. I can't think of anything else which combines many of its convenient aspects (globally swappable, legal, durable). I'm happy to be paid in gold. Excellent answer, thank you. I can't see the actual price being demanded matching up to this set of criteria, however. There are other PM's without the sentiment issues. Quote Link to comment Share on other sites More sharing options...
killerbee Posted January 28, 2013 Share Posted January 28, 2013 (edited) For the gold itself very, very few people even amongst those who have gold.* Not the issue, nor what's being asked. *Edit - I am basing this off the goldbugs responses, fwiw. none of them actually want gold for the gold, none of them can give me any human need gold can fulfil, none of them can point me to any organic market demand for gold. On the face of it, gold is always a bubble. In most peoples hands gold is useless, but that's not the point of it. Can we move on? Edited January 28, 2013 by killerbee Quote Link to comment Share on other sites More sharing options...
live in hope Posted January 28, 2013 Share Posted January 28, 2013 Excellent answer, thank you. I can't see the actual price being demanded matching up to this set of criteria, however. There are other PM's without the sentiment issues. Now you have acknowledged gold has at least some use for some of it, i am sure the vast amount of it is just in storage to make someone feel safe because of its physical value. Quote Link to comment Share on other sites More sharing options...
Injin Posted January 28, 2013 Share Posted January 28, 2013 Now you have acknowledged gold has at least some use for some of it, i am sure the vast amount of it is just in storage to make someone feel safe because of its physical value. What do you mean, "now"? First thing I said was jewlers and some industrial use, but couldn't see any reason for the wider demand. Quote Link to comment Share on other sites More sharing options...
Injin Posted January 28, 2013 Share Posted January 28, 2013 In most peoples hands gold is useless, but that's not the point of it. Can we move on? Once we have facts, we can formulate strategy. First fact (I think everyone is agreed upon) is that gold is a permanent bubble. Quote Link to comment Share on other sites More sharing options...
killerbee Posted January 28, 2013 Share Posted January 28, 2013 (edited) Once we have facts, we can formulate strategy. First fact (I think everyone is agreed upon) is that gold is a permanent bubble. A permanent bubble suggests it's fairly reliable, I can agree with your first fact. Edited January 28, 2013 by killerbee Quote Link to comment Share on other sites More sharing options...
Injin Posted January 28, 2013 Share Posted January 28, 2013 A permanent bubble suggests it's fairly reliable, yes we are agreed! Sure. The only thing that could stop it being a bubble is if the general population starts to think a bit. Not too likely in my lifetime. However, it does mean that to hold gold is to be anti empirical and anti rational to continue to profit. Quote Link to comment Share on other sites More sharing options...
killerbee Posted January 28, 2013 Share Posted January 28, 2013 Sure. The only thing that could stop it being a bubble is if the general population starts to think a bit. Not too likely in my lifetime. However, it does mean that to hold gold is to be anti empirical and anti rational to continue to profit. Fine, does this mean we're moving on? Quote Link to comment Share on other sites More sharing options...
Injin Posted January 28, 2013 Share Posted January 28, 2013 Fine, does this mean we're moving on? It means that everyone who wants a more rational world and happier people in it who doesn't actually want and enjoy gold for the gold itself shouldn't have any. So I know what I will be doing. I don't consider us to be a we, though really. You aren't in the same league as I am, frankly. Probably not the same sport, even. Quote Link to comment Share on other sites More sharing options...
killerbee Posted January 28, 2013 Share Posted January 28, 2013 It means that everyone who wants a more rational world and happier people in it who doesn't actually want and enjoy gold for the gold itself shouldn't have any. So I know what I will be doing. I don't consider us to be a we, though really. You aren't in the same league as I am, frankly. Probably not the same sport, even. I agree, you are in a league of your own. Quote Link to comment Share on other sites More sharing options...
Stay Beautiful Posted January 29, 2013 Share Posted January 29, 2013 The fact that you didn't actually answer the question, obviously. Well if you would care to read back you will see i have answered your question. To refute this fact makes you look nothing more than cantankerous. Quote Link to comment Share on other sites More sharing options...
Erewhon Posted January 29, 2013 Share Posted January 29, 2013 ... to hold gold is to be anti empirical ... I have observed your experiment and am prepared to be guided by practical experience. Perhaps a broadening of the investigation would be helpful. Considering one context in which the subject under investigation is a factor, can anyone summarise: a. why central banks were thought to be necessary b. why co-operation among them evolved c. what developments would render them or their current function obsolete.? Quote Link to comment Share on other sites More sharing options...
Crashman Begins Posted January 29, 2013 Share Posted January 29, 2013 Excellent answer, thank you. I can't see the actual price being demanded matching up to this set of criteria, however. There are other PM's without the sentiment issues. Uses of gold & reasons why others may want a position in it too. Most cell phones, computers, calculators, television, and other electronic items contain gold. Gold is used in window glass and astronaut helmets to reflect infrared rays while allowing sunlight to pass through. Gold is a good conductor of electricity and heat. There is a monetary system called the ‘gold standard’ which fixes a unit of money to a certain weight of gold. Injectable gold has been proven to help reduce pain and swelling in patients suffering from tuberculosis and rheumatoid arthritis. Gold won't tarnish, rust, or corrode and is very strong when alloyed. In fact, it is also surprisingly the most malleable of all metals. Gold melts at 1064.43° Centigrade. It can conduct both heat and electricity and it never rusts. Dentists use about 2 per cent of the gold mined each year (about 60 tons). A gold crown is usually 75 per cent gold, with a mixture of silver, palladium and zinc to harden it. All the world's gold and platinum ore came from outer space after a mammoth meteorite shower battered the Earth more than four billion years ago. Nearly one billion cell phones are produced each year and most of them contain about fifty cents worth of gold. Their average lifetime is under two years and very few are currently recycled Quote Link to comment Share on other sites More sharing options...
live in hope Posted January 29, 2013 Share Posted January 29, 2013 Once we have facts, we can formulate strategy. First fact (I think everyone is agreed upon) is that gold is a permanent bubble. A what? how can something permanent be a bubble? Quote Link to comment Share on other sites More sharing options...
blackdug Posted January 29, 2013 Share Posted January 29, 2013 Why does something that no one wants provide you with financial security? Compared to (for example) things that they actually do want? Waffle alert from the amateur psychologist...you need to give it a rest injin as you come across as a right tool Quote Link to comment Share on other sites More sharing options...
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