Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Wonder Warthog
We can do that to the value of diamonds and gold, too.

What is the intrinsic value of diamond? About the same as the value of a piece of anthracite coal of the same weight, I'd say.

And gold? Any intrinsic value there? Just a little better grade of copper, isn't it?

103 posted on 01/26/2002 11:32:41 AM PST by RightWhale
[ Post Reply | Private Reply | To 102 | View Replies ]


To: RightWhale
"We can do that to the value of diamonds and gold, too."

Yup, and the ratio of embedded knowledge in that solar cell silicon is about 10^2 to 10^3 greater than the diamond or gold (more so for the diamond than the gold). After all, both the raw gold and natural diamonds already exist in their natural state--silicon doesn't. It took massive knowledge development just to make pure silicon.

104 posted on 01/26/2002 1:31:05 PM PST by Wonder Warthog
[ Post Reply | Private Reply | To 103 | View Replies ]

To: RightWhale
What is the intrinsic value of diamond? About the same as the value of a piece of anthracite coal of the same weight, I'd say.

In the world of resources, there is no such thing as intrinsic value. There is only imputed value in the context of a possible use.
109 posted on 01/27/2002 2:46:37 PM PST by aruanan
[ Post Reply | Private Reply | To 103 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson