Can someone please explain to me why the fuck gold costs so much money? It serves literally no purpose in society besides existing and people pay out their ass for it. It makes absolutely no sense.
Nature limits the supply... man causes the demand.
Bitcoin was founded on the same principle.
Faggot.
>>80639683
/thread
fpbp
>>80639683
Nature limits the supply of a lot of things, does that mean you should pay a lot for it? 99% of the time this is never the case. I don't understand what makes gold so special.
>>80640106
>Nature limits the supply of a lot of things
And those things are expensive too.
>>80639530
> It serves literally no purpose in society
Canadian education folks.
Please America give em the old Japan treatment
>>80639530
Gold doesn't corrode so you can store it forever plus it is used in electronics today. What you should as is why diamonds are worth a lot. They are utterly useless however jewelry companies lead everyone to believe that they are expensive despite them not being very rare.
>>80640592
But, anon, diamonds are forever :^)
>>80639530
It's ok, Moishe. You'll convince these goys to forget precious metals and rely solely on fiat paper currency next time.
>>80639530
It's hard to get out of the earth, is nonreactive, and is used in electronics.
Also, it's shiny and looks nice.
>>80640773
(((Diamonds)))
>>80639530
>no purpose
Numbers in your bank account mean nothing if they don't have a physical backup, that backup is gold because gold is hard to find, and thus it has a high demand/value. Keeping things with high value in a safe vault takes a lot less space than keeping tons of cheap stuff like copper or wood or whatever, plus the value of gold will always be more or less static, while other goods are more dynamic.
>>80639530
KIKes eh lads
>>80641062
Look up Fiat currency. Paper money is backed by nothing but faith.
>>80640106
There are things that are much rarer and cost much more than gold. If you want to bitch about something being artificially priced, bitch about diamonds.
>>80639530
it's used in the pc you are using right now, and your phone you dumb cuck
>>80639530
a mix of rarity,demand and unreactiveness
the reason people put so much faith in it is because it will last through the passage of time
it is one of the most foolproof investments
http://geology.com/minerals/gold/uses-of-gold.shtml
>>80641189
Gold is also backed by nothing but faith.
>>80641769
no, it is something that exist and can be foudn in nature. money are paper or 1 and 0
>>80641062
> Numbers in your bank account mean nothing if they don't have a physical backup
True.
> that backup is gold
Haha, no. The backup is force. Community and government enforce the promise which the money represents (a percentage of future economic output). Except sometimes they do not.
Then again, the desirability of gold relative to consumer goods is hardly a constant either. So both systems have problems.
If there is a complete societal collapse it would be better to have some bunker in the middle of nowhere filled with toilet paper than a cache of gold. I can guarantee the value of toilet paper relative to gold will massively increase.
>>80639530
If you want to leave the planet you have to pay in gold and its not just a tiny amount.
>>80639530
it's a rare metal and a status symbol and it's used in most electronics, space suits and space vehicles it's a good conductor, it's used to treat arthritis,
Read a book fuck face, gold is used in every thing electric to fucking windows now days
>>80642152
The demand isn't created by its usefulness, fuck face.
>>80642361
>The Earthly demand isn't created by its usefulness, fuck face.
FTFY
>>80639530
What's the farthest you've ever gone with a tranny?
At least with fiat currency you can go to the store and buy shit with it. Nobody accepts gold as a payment. The only reason it has a purpose is to be converted back into cash anyways. It's so fucking stupid.
>>80643362
A non shitposting leaf, maybe I should screenshot this.
>>80639530
>It serves literally no purpose
Rust and tarnish free electrical connectors.
>>80639530
Power resides where men believe it resides.
Gold and silver are used in all basic electronics. Those little gold tabs on all pci graphics cards and RAM is actual gold not just colored gold, if you own a iPhone you have about a ounce of silver in you hand as its used in all the circuitry to keep the phone from over heating. All Satellites have gold, silver and platinum in them to help with heat transference and energy efficiency
>>80643890
It's just silly. If aliens randomly landed on earth they would be absolutely appalled that we put so much value in a random mineral. It's insane.
>>80639530
People are really stupid and fall for jewish memes.
Gold is actually useful today of course, for things like electronics, back in days of yesteryore it was just shiny.
So sort of like a cultural thing I guess.
>>80644133
You are absolutely wrong.
If Aliens would want to trade with us, they would happily accept Gold.
>>80640958
Not to mention niggaz be gold tooth n shiieet and dem toiletz biyatch
>>80644631
>they would happily accept Gold.
Why?
What value would it have to them?
Especially because if they can actually reach us and set up a trade network, they can probably just mine it from asteroids really really easily.
I will post the true answer to your question, but I don't expect anyone will pay attention.
Gold is naturally hypnotic. It has a very unusual appearance. It approaches a perfect extreme of particular visual qualities. There is nothing in the world that looks like gold. It appeals to humans because they have an instinctual curiosity to investigate such unique things.
It does not corrode.
It is rare.
It is malleable.
It is a good conductor of electricity.
It has an unusual electronic configuration.
There is something that gold shows us about the fundamentals of our reality. It lies on the edge of some unknown truth. This is the chief reason it is valued.
>>80645075
They cant mine more then there is asteroids.
Far from all planets and asteroids contain as much rich minerals and earth.
Earth is extremely rich in minerals for its size.
>>80645352
This
>if they can actually reach us and set up a trade network
Means that they can zip around the universe really fucking quick m8, an interstellar trade network is nigh impossible.
By the time they reach that advanced level of technology, obtaining gold will literally not be a problem for them.
>>80645117
>tfw I'm the kind of pleb that greatly prefers the aesthetic of silver to that of gold
should I just end it, /pol/?
>>80639530
Gold is an excellent conductor of electricity. In addition to that it is the only metal which does not oxidize. (Corrosion resistance).
Fucking leaf
If you had all the gold in the world at the current value, you could buy Apple 16 (!!!!!) times.
Seems kind of overvalued for "you need it for cellphones and shit"
>>80639683
>Nature limits the supply
>Buttcoins
>Nature
kek
>>80639683
fpbp
>>80640983
kek
>>80640983
Nice echoes, Jews literally own all the diamond mines
>>80640426
this is somebody who has not been taught to think critically, only to "question everything"
>>80639530
the value of gold hasn't changed for about 250 years.
its your currency that's changing.
>>80645816
the blockchain is limited by math... so it is.
>>80639530
Speculation. Same shit for housing.
No stores accept gold it's a waste of time to buy it then sell it back.
>>80645816
>have private access to HPC center for school
>request 256 nodes every night from 12am to 6am
>mine for bitcoins all night for the past 3 years
>made enough money to pay for my entire education / housing / other expenses
It'll almost cost me more to graduate and lose access to my free money supply than to just keep going to school forever.
>>80640106
look at the brains on this one
It is useful for applications in nanotech and biotech
>>80643456
that's a shitpost, you're just not educated enough to understand it.
you've long since been replaced by the leaf, australia.
>>80639530
it's suppose go to 1,500 soon. invest now before it is too late.
>>80646426
Correct me if I'm wrong, gold is used for currency, much like we use a cube(??) for the metric system. Gold is a part of the measurement, without it the monies would be worthless.
Don't take my word for it, it's something I've read very little about few years back.
Same reasons why diamonds are valau
>>80640592
Diamonds are used for drills. Diamond is very useful.
>>80646584
No thanks gold is at most worth 50$ an ounce to me.
>>80643362
It's so dumb that Canada exists, I mean, how stupid is that?
>>80640983
(((Jewels)))
>>80639530
Silver/Gold are the only sources of currency that have retained their value throughout human existence. If you think the paper in your wallet or that arbitrary number in your bank account has more value than gold, then the Jewish bankers who took your ancestors' gold and gave them paper instead did a good job deceiving you too.
>>80639530
It's a thing that people want. That's all there is to it.
>>80646720
>to me
then no one will sell you gold because other people are willing to pay more for it
>>80639530
Meh... The actual metal itself is pretty amazing. It doesnt corrode at all - so you could literally make a coin and put it in the ground - and assuming the earth doesnt explode you can dig it up and it would look the same.
When mankind kills itself off and aliens come to visit... the only thing they are going to find of us may be gold / silver coins.
Gold is also a very pliable metal and has some very unique properties - which is why it is used in very advanced technologies.
Gold has a fuck ton of uses besides being
>Omgawd bling blong!
The combination of it being rare / having useful properties / doesnt corrode - makes it a good version of money.
>Using paper money when all fiat currencies have a 100% fail rate over time
>using a bit currency that can be wiped out in a power outage / cyber war / hot war.
gold is overvalued
guns will be more valuable if the economy ever collapsed
Platinum is at least used in (((catalytic converters)))
>>80639530
Oh gee, another Canadian who doesn't understand gold. I'm shocked.
>>80646757
Not giving away all your shekels to buy Jewry, I mean jewelry.
>>80643362
>At least with fiat currency you can go to the store and buy shit with it.
>have fiat currency
>government decides to print more money
>the value of your money starts to drop
>have gold which is limited by nature
>government decides to print more money
>more people start investing in gold increasing the demand
>the value of the gold rises
You can't be this retarded, this has to be bait.
>>80647090
I did micro and macro economics in college and nobody has presented a strong argument to me about this topic.
>>80645603
You are Swedish.
You should end it anyway.
>>80639530
Gold is money, why is your paper so worthless in the face of actual money is what you should ask
>>80640106
Name one thing that nature limits the supply of which isn't expensive.
>>80646702
>>80646702
drills to go get gold
>makes you think
>>80639530
You know how some precious metals are part of our diet?
The rich "eat" gold.
You know how it's a great conductor of electricity? Yeah............
God is REAL fuckin' good for your body.
>>80647286
...air?
>>80646675
the big countries don't use the 'gold standard' anymore. They also used to use silver as well.
Since the manipulation of money became the dominant financial service money is actually based off debt and investment. It has largely been based off that for ages but now its solely based on that (in the big countries)
If you want to see how times have changed, watch Die Hard 3 and 4. In 3 they steal bullion by making a bomb threat, in 4 they shut down all social services and use that distraction to steal financial records. Same exact story.
>>80639530
its how capitalism works. They tell you whats worth what and their own convinience. The anecdote of the most expensive drinking water goes like this. A man had just found gold in the middle of the desert. He loaded his camel with 4 bagfuls of gold. He was traveling back to town at a slow pace cus of the load. He ran out of water and was sure he wouldnt make it until he crossed paths with another traveler. In desperation he made a deal with the traveler that if he gave him half of his water the man would give him half of the treasure in return. See water isnt worth gold now a days but in certain scenarios it can be of more value than gold. Capitalism is a way of controling the value of things that allows the rich to get richer while the poor get poorer.
>>80647319
lol God
.....Gold*
>>80643362
unless you're actually making jewelry out of it
that was the original purpose of currency though, because they were more manageable amounts than breaking gold into pieces and trading it directly
>>80647198
Are you literally brain damaged ? Gold is useful because it's limited in quantity and and it doesn't devalue with time like some other goods do.
The price is high because it's rare, but that's a good thing. You don't buy gold to actually use it, you buy it to store it and be protected against inflation, if you bought iron for the same amount you'd be protected as well, but you'd need to get a lot of it.
>>80647319
>>80647783
>"Why does gold have value."
>"Because it doesn't devalue."
-Anon, PhD in Economics
>>80647783
you get a B romania
you're missing a little bit of the point but your understanding of economics are better than the leaf's
>>80647198
Something makes me think a graduate in micro- and macro economics would know about supply and demand.
>>80647274
>Gold is money.
>Paper isn't.
Both Gold and paper money represent the value of production (Of practical things). They don't have any inherent value.
I think /pol should have Economics101
>>80647406
air is plentiful.
>>80643362
Gold WAS accepted it as payment, until a law was passed forcing people to accept bank notes as a substitute for gold or else the item being purchases was legally forfeited to the potential buyer. Paper currency has no value if no one is enforcing it to have value.
>>80647406
nature supplies air tbqh
>>80647783
>Gold doesn't devalue.
>Gold doesn't obey the basic laws of demand and supply.
Romania, please.
It's hard to counterfeit and there is a limited amount... made good "casino chips" to represent a countries GDP.
The idea is that if you have gold some fucker somewhere will always have excess food and water, resources and will like jewelry enough to give you his "relatively worthless and perishable" excess food for the gold.
>>80639530
>>80640106
Gold, besides having jewellery and industrial uses, is seen as a hedge against inflation so people will buy it for what people are willing to sell it for. If you had a rich uncle that gave you an oz of gold, would you sell it for 10$ or would you sell it to a buyer who's going to "pay out the ass" for it and give market value?
It's rare and expensive to mine gold. Miners are only going to sell gold if they can profit from it, otherwise they wouldn't mine gold. If gold was abundant as aluminum, it would be about the same price.
>99% of the time this is never the case. I don't understand what makes gold so special.
Just plain fucking wrong. Abundant minerals are inexpensive, and rare minerals are expensive. Demand and mining costs are what make rare things expensive.
Your inability to "understand" why gold is so special is not argument.
>>80639530
Investors move to resources in times of uncertainty.
>>80647960
wisdom from the mouth of anon
>>80648039
THIS
>>80648039
He is a leaf, what did you expect?
>>80639530
>It serves literally no purpose
circuits
>>80647783
more gold was mined in the last 100 years than in the whole of human history before it.
Gold has massively decreased in value, the only thing that changes is the demand for gold. Which is high right now and thats why its price is high
>>80648245
I'm pretty sure he meant it doesn't spoil or degrade in quality over time
>>80647667
Gold value obeys the law of supply and demand.
Stop being so edgy, burger.
>>80647198
Related is your average Canadian college
>>80639530
>gold
>useless
HOLY FUCKING SHIT KILL YOURSELF.
SAGE
>>80648665
But devalue doesn't mean that. At least not according to the Oxford Dictionary.
>>80639530
Gold = Currency
Since forever....
>>80648721
How did you get this photo? Do you go to my school, or something?
>>80648285
You know, we should really drop this goodwill towards the ignorant. People often comes to /pol/ with this "I fail to understand this" attitude and people honestly try to share knowledge. But in the end the real thing that comes out of these threads is that he failed to understand the subject because he lacked the cognitive functions to connect the logical dots.
No amount of pointing out the logical dots can solve that. He will never understand it.
>>80648952
Before forever, we used shells and rare and attractive to the eye objects.
>>80639530
Remember Kids,
FOSS
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C
K
O
F
F
S
L
I
D
E
S
A
N
D
S
H
I
L
L
S
>>80647641
Thanks m8. But I'll skip the Die Hard movies (tried watching 3-4)
>>80648245
>>80648245
Maybe ,,devalue" wasn't the right word, but let me explain what I was trying to say.
>buy huge quantities of food instead of gold because you can't eat gold and gold is useless amirite ?
>check your deposits after a year
>a lot of it got spoiled
>you just lost a lot of money because food doesn't have the same proprieties as gold does
Gold has a lot of proprieties which make it a good currency, even if you still use fiat money for transactions because it's more efficient. It doesn't need to have a practical application in order to have a high price, a thing which the leaf doesn't understand.
>>80648307
The wealthy acquire power and create times of uncertainty.
"hey boss, found a pile of useless junk"
>t. leaf
the engine bay of the mclaren f1 is lined with gold (for practical purposes)
>>80647286
Oil
There was talk of a helium shortage as well
>>80649246
>>80648665
You don't have to explain to me why gold is valuable, Romanon.
>>80647406
Do you have any idea how much air costs?
>>80645117
This.
>>80650623
>>80647406
you can have as much air (assuming you really mean oxygen) as you like mate, that's not limited, sure nature determines the amount of air, but its unlimited for human consumption; i think you're confusing limit (implying a finite amount) with level (absolute capacity)
>>80639530
soros dumped all his money in gold and coal 3 weeks ago ..that why
>>80639530
Firstly it has uses in electronics to make circuit borads but gold is so valuable because it is both rare and doesn't perish or tarnish like other metals do, allowing you to store it pretty much forever which is why ancient civilisations valued it so much and kind of why it still holds value today.
>>80644631
>If Aliens would want to trade with us
cat food
>>80639530
>what is currency
dumb leaf choke yourself
>>80645117
>There is something that gold shows us about the fundamentals of our reality. It lies on the edge of some unknown truth. This is the chief reason it is valued.
What in the actual?
>>80639530
Fiat currency is a scam. The jews in charge of printing money can "steal" your savings by printing more money and devaluing what you are currently holding. Gold might just be a shiney metal, but it is universally accepted as money. Honest money. That's why jews want it for themselves while they tell you it's stupid. It's either use gold as a backing for your currency or go back to a barter system.
https://www.youtube.com/watch?v=hepidgw-l1w
>>80645117
This
OP is a retarded faggot who cannot see further than his own 2 inch dick
>>80645816
>STILL trying to drumpf bitcoin
2sad famalam
>>80647198
barring aqua regia, gold is invincible
Can someone please explain to me why the fuck money costs so much gold? It serves literally no purpose in society besides existing and people pay out their ass for it. It makes absolutely no sense.
>>80639530
try finding it, without buying it...
You'll probably spend more money on your prospecting than the amount you find is gona be worth.
>thats why it costs so much
Why is silver so cheap?
>it's much easier to find than gold
How much come a blow job from OP is cheaper than dirt?
>?
>?
?
Assuming (((1 post by this ID)))
>>80656542
ooops, forgot to check flag...
It's not a shill, it's a canadian...
sry leaf, didn't mean to call you names bruh.
Gold is valuable only because it was a distinct, rare mineral in Europe right around the time that usery was legalized and a stable medium for trade was needed. It has some value now in electronics, but that gold (like the diamonds used in industry) is just the scraps from companies looking for jewlery.
>>80639530
>gold is pointless
Of course you wouldn't like gold comrade Trudeau
>>80639926
>>80645993
kill yourself fucking using cunts
>>80640426
It's called Ontario there Aussiebro. Their education is literally 3rd world tier worse than Americas
Provinces are responsible for education here BTW
We need to petition 4chan to give Ontario their own flag when posting on /pol/
The Annunaki literally created the human race to be gold miners for them.
