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To: wendy1946
The Case for Gold
38 posted on 07/24/2010 7:47:24 PM PDT by citizenredstater9271
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To: citizenredstater9271
I understand the case for gold. The case against it is more or less as follows... The value of the stuff as I noted is totally based on psychology and psychiatry, and not on physics or economics. The only two uses for the stuff, normally, are for jewelry and electrical connectors, and the amount of the stuff stashed at Knox alone has to be billions of times what the planet will ever need for connectors and jewelry. Moreover there are other and much less expensive metals to make connectors and bracelets out of.

There is a third possible use for the stuff: half again denser than lead, soft, and totally inert, gold would be the absolute ideal metal for waterfowl shot. You could kill geese all day long with 2.75" shells, and %7 shot, or at most %6. But at today's prices, that would be around $2000 a shot.

But there is in fact hope. Plasma physicists are now fairly certain that all agglomeration of mass into solid form (99.999% of the material in the universe is in plasma form) in the universe is via the Z-pinch effect associated with Birklande currents, which is why we ever find any heavy metals near the planet's surface at all. That says it may shortly in fact become possibly to simply MAKE gold and other metals out of water, dirt, or whatever is to hand and the stuff might in fact become cheap enough to hunt geese with. You'd have to alloy it with something harder to make it withstand the acceleration without deforming of course or you'd never hit anything past 20 yards.

There is also as I noted the fact that we are in a deflationary spiral at present and that is not likely to change soon, while gold is normally thought of as a hedge against inflation. Caveat Emptor.

42 posted on 07/25/2010 5:11:05 AM PDT by wendy1946
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