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The little yellow god. Even at $500, it's still a barbarous relic
The Economist ^
| Dec 1st 2005
| Unsigned
Posted on 12/01/2005 10:40:52 AM PST by .cnI redruM
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To: MeanWestTexan
That's what I have been doing. I learned a long time ago that you can't eat gold, it won't take an edge and lead is a lot more cost-effective for making bullets.
Gold is pretty though. All glittery and has a nice, substantial feel to it.
41
posted on
12/01/2005 11:07:26 AM PST
by
scory
To: djf
It is the best electical conductor known to man. Of the elements it is number 3 behind silver and copper. That doesn't include various superconducting compounds.
Material |
Resistivity (ohm metres) |
Silver |
1.59 x10-8 |
Copper |
1.673 x10-8 |
Gold |
2.44 x10-8 |
Aluminium |
2.65 x10-8 |
42
posted on
12/01/2005 11:09:12 AM PST
by
KarlInOhio
(In memory of Alvin Owen, Thsai-Shai Yang, Yen-I Yang and Yee Chen Lin:the victims of Tookie Williams)
To: scory
Gold will also get you sex, but that is another thread.
43
posted on
12/01/2005 11:09:48 AM PST
by
MeanWestTexan
(Many at FR would respond to Christ "Darn right, I'll cast the first stone!")
To: governsleastgovernsbest
I've never heard one of the gold hucksters on radio fail to proclaim that now was the time to buy gold. Sure. The S&P 500 is up? It's a bubble - buy gold. The S&P is down? The end is nigh - buy gold. Interest rates are up? Hyperinflation is on the way - buy gold. Interest rates are down? Time to get out of bonds - buy gold. The sun is shining? Buy gold. It's raining today? Buy gold.
Et cetera.
To: djf
No one else can tell you what gold is worth, it is entirely up to you, the seller, and the buyer.While that's true for gold, that's true for everything else as well. Supply and demand is the way everything works. And as long as there's a supply of stupid investors who put their money in a commodity which yields a negative return because, as you put it, "it is beautiful," there will continue to be a demand for it.
45
posted on
12/01/2005 11:10:14 AM PST
by
Alter Kaker
(Whatever tears one may shed, in the end one always blows one’s nose.-Heine)
To: KarlInOhio
The difference being your list has silver and copper in their un-corroded state. Hence, gold-plated copper connectors.
46
posted on
12/01/2005 11:11:49 AM PST
by
MeanWestTexan
(Many at FR would respond to Christ "Darn right, I'll cast the first stone!")
To: Petronski
Pretty close to oil's peak then, iirc.
47
posted on
12/01/2005 11:11:51 AM PST
by
Smokin' Joe
(How often God must weep at humans' folly.)
To: KarlInOhio
I stand corrected, I seem to remember reading that somewhere. (I knew silver was way up there)
48
posted on
12/01/2005 11:12:07 AM PST
by
djf
(Government wants the same things I do - MY guns, MY property, MY freedoms!)
To: MeanWestTexan
That's nice, but gold is grossly overvalued if you're just looking at the still-rather-limited set of industrial applications. Gold is valued so high for emotional and historic reasons. That will likely change as governments sell off their reserves.
49
posted on
12/01/2005 11:12:39 AM PST
by
Alter Kaker
(Whatever tears one may shed, in the end one always blows one’s nose.-Heine)
To: djf
---No one else can tell you what gold is worth, it is entirely up to you, the seller, and the buyer. So it is not up to bankers or con men or promises.---
so is every other item or service that is available for sale on the planet.
50
posted on
12/01/2005 11:14:05 AM PST
by
flashbunny
(To err is human. But to really screw something up, have the government try to fix it.)
To: MeanWestTexan
Take a few wraps with a chain and hook it over the jaw on a high lift jack. Pulls 'em right out if they are not in concrete.
51
posted on
12/01/2005 11:14:58 AM PST
by
Smokin' Joe
(How often God must weep at humans' folly.)
To: Pookyhead
Which is why I don't recommend gold. It's a place-holder in a portfolio unless you can accurately and consistently buy low and sell high. In the middle, you aren't getting dividends and certainly no compound interest. People who bought gold in the early 80's are still waiting to break even. If the price of gold rises to a point where it's worth people's time to pursue it, you'd find it isn't that rare a metal after all...
52
posted on
12/01/2005 11:15:21 AM PST
by
pgyanke
(The history of man is the story of God reaching out for His people and continually being refused.)
To: MeanWestTexan
If the economy ever gets so bad that gold ever becomes a real investment, as opposed to a nice decoration or hobby, skip gold and go straight to the hard assets of canned goods, bottled water, and shotgun shells --- they'll be far more valuable. You make an excellent point. So does your tagline : )
53
posted on
12/01/2005 11:15:46 AM PST
by
TheSpottedOwl
("President Bush, start building that wall"!)
To: MeanWestTexan
Take a few wraps with a chain and hook it over the jaw on a high lift jack. Pulls 'em right out if they are not in concrete.
You can buy the jack and the chain and have enough left of the $200 to take your spouse out for a steak...
54
posted on
12/01/2005 11:17:17 AM PST
by
Smokin' Joe
(How often God must weep at humans' folly.)
To: flashbunny
If it's so great, why are they selling it instead of hoarding it?
It's just a commodity to miners. We sell enough to pay our bills and hoard the rest. We know the dangers of fiat currency and the spot price of gold is not the big deal to us as it is to investors. An ounce of gold would buy you a good suit in 1900. An ounce of gold will buy you a good suit today.
.
55
posted on
12/01/2005 11:17:24 AM PST
by
mugs99
(Don't take life too seriously, you won't get out alive.)
To: Alter Kaker
I never said gold was a good investment; I was merely replying to an overstatement.
Indeed, go read Post #24 for my opinion of gold as an investment.
56
posted on
12/01/2005 11:18:13 AM PST
by
MeanWestTexan
(Many at FR would respond to Christ "Darn right, I'll cast the first stone!")
To: KarlInOhio
Great for connectors, though, because unlike silver or copper, it generally won't corrode.
57
posted on
12/01/2005 11:19:15 AM PST
by
Smokin' Joe
(How often God must weep at humans' folly.)
To: Redbob
Is that the real reason?
Yes...everything else is BS.
.
58
posted on
12/01/2005 11:19:59 AM PST
by
mugs99
(Don't take life too seriously, you won't get out alive.)
To: Smokin' Joe
"Pulls 'em right out if they are not in concrete."
Alas, imbedded by a swimming pool and in concrete (which is why I sprung for the delux models).
Plus, renting a high lift jack probably would cost me $200.
59
posted on
12/01/2005 11:20:21 AM PST
by
MeanWestTexan
(Many at FR would respond to Christ "Darn right, I'll cast the first stone!")
To: MeanWestTexan
I don't blame you for getting the deluxe ones under those circumstances.
HiLift Jacks (FYI) They are cheaper than you think...Handy if you spend any time in the boonies, too.
... and they have other uses. I used one once to repair my Dad's seawall after Hurricane Fran (jacked the stringers back into place before I spiked them in).
60
posted on
12/01/2005 11:26:42 AM PST
by
Smokin' Joe
(How often God must weep at humans' folly.)
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