Gold shouldn't be worth hardly anything. It's dumb that it is.

[Bert 1,129]

About 12% of gold supply goes to industrial uses. But due to silvers unique characteristics, a whopping 56% of its supply is used in industry. Silver has so many applications that believe it or not, you dont go one day without using a product that contains it. From electronics and medical applications, to batteries and solar panels, silver is everywhere, whether you see it or not. As Mike Maloney says in his book, Of all the elements, silver is the indispensable metal. It is the most electronically conductive, thermally conductive, and reflective. Modern life, as we know it, would not exist without silver.

 

https://goldsilver.com/blog/gold-vs-silver-the-5-differences-that-matter-most-to-investors/

So silver is like crude oil.

[TD Ryan2 316]

No silver, no Silverbacks... very, very bad.

[SUXBNME 1,631]

 

 

 

Best conductor of electricity there is.

[nikki2200] Are batteries electric? [/nikki2200]

 

 

 

 

 

 

I miss her and gettinhuge

[SUXBNME 1,631]

If gold wasn't worth anything, then there would be no reason for Discovery's Gold Rush.

Absolutely love that show. I'm still not sure which side I'm on between Beets vs Parker so far

[JustinCharge 2,397]

Gold has value because humans are corrupt.

 

Humanity has tried many times to leave gold behind and use paper or credit as money. Every time they try, it eventually collapses because humans get corrupted and ruin the currency with theft, bribery and just being awful. Sometimes in happens in 3 years. Sometimes it takes 100 years. How long it takes for this to happen generally depends on how long it takes before almost everyone begins to think like the OP. When too many people are suspicious of paper and credit, it actually keeps the greedy and the corrupt in line and the system works. Once the vast majority believe as the OP does, THAT'S when the greedy and corrupt make their move and destroy whatever people think is money to steal everyone's wealth.

 

And then, in the aftermath, once people learn the same lesson AGAIN, we have to go back to gold as money.

 

I mean, they'll do it. The second everyone think gold is worthless, the corrupt people will grab it all up and keep it to themselves, and then they will ruin the currency and declare gold MUST be money again to fix it. And SURPRISE, they will have all the gold.

[SUXBNME 1,631]

How about Diamonds?

Let me tell you a few things about diamonds...

 

1: Lou Phillips was a pretty damn good actor in Young Guns

2: Joan Baez wrote a song about them rusting and stuff

3: Rob Halford (Judas Priest) covered Joans sond and did an incredible job

4: Tim Ripper Owen (Judas Priest) also covered the song when Rob wasn't with them, and did my favorite version.

 

[seafoam1 3,531]

Let me tell you a few things about diamonds...

 

1: Lou Phillips was a pretty damn good actor in Young Guns

2: Joan Baez wrote a song about them rusting and stuff

3: Rob Halford (Judas Priest) covered Joans sond and did an incredible job

4: Tim Ripper Owen (Judas Priest) also covered the song when Rob wasn't with them, and did my favorite version.

 

You forgot Marilyn Monroe. Diamonds are a Girls Best Friend.

 

[SUXBNME 1,631]

You forgot Marilyn Monroe. Diamonds are a Girls Best Friend.

 

Good call

 

I also forgot Neil Diamond

 

[seafoam1 3,531]

Good call

 

I also forgot Neil Diamond

 

 

"Cracklin Rose you're a store bought woman, but you make me sing like a guitar hummin...."

 

Classic.

[SUXBNME 1,631]

"Cracklin Rose you're a store bought woman, but you make me sing like a guitar hummin...."

 

Classic.

Am I showing my age that I really really like Neil Diamond?

If so, who cares.

I am, therefore I said to that Kentucky woman / b1tch Caroline when she didn't mnake me a sammich as ordered.

We're still in America, right?

[Hardcore troubadour 16,071]

"Cracklin Rose you're a store bought woman, but you make me sing like a guitar hummin...."

 

Classic.

Cracking Rose'. That song is about men on an Indian reservation who, because there weren't many women around were left with a bottle of cracklin rose', a store bought woman

[nobody 2,945]

At least if you had an ounce of gold, you could buy one fifth of a bitcoin. Well more like 1/7th after all of the fees, but if that's not value, I don't know what is.

[kutulu 1,724]

[seafoam1 3,531]

Cracking Rose'. That song is about men on an Indian reservation who, because there weren't many women around were left with a bottle of cracklin rose', a store bought woman

 

Oh the stories those indians could tell about stealing other tribes women and doing unspeakable things to them. Those must have been the good old days. Those silly nomads were always up to something crazy those rascals...

[tubby_mcgee 702]

Let's revisit this topic.  

[SaintsInDome2006 807]

 

[lickin_starfish 2,040]

The US dollar is Monopoly money.

Crypto is Internet vapor.

Gold and silver are God's money.

 

[seafoam1 3,531]

On 11/6/2018 at 2:55 PM, tubby_mcgee said:

Doesn't do any good. Its shiny. Heavy. Doesn't rust. Soft. Big whoop.

If all the gold on Earth disappeared tonight, the biggest ripple effect would be a bunch of folks looking at their hands and jewelry cup saying "Where da fawk my gold done go?!"

 

There is more to it than this, but, that's my view in a few sentence nutshell.

 

Anyone with me on this?

 

Modern Industrial Applications

Beyond its traditional uses, gold's unique combination of properties makes it vital in several high-tech industries: 

• Electronics: It is used in connectors and circuit boards in smartphones, computers, and other devices to ensure durable, corrosion-resistant, and reliable connections.
• Medicine and Dentistry: Due to its biocompatibility (non-reactive with human tissue), gold is used in dental work, surgical implants, and experimental medical treatments, including cancer therapies using gold nanoparticles.
• Aerospace: Gold's reflective properties are used in spacecraft and astronaut visors to shield them from radiation and heat. It is also used as a reliable lubricant for moving parts in the vacuum of space. 

Physical and Chemical Properties

Gold's intrinsic properties make it highly desirable and practical: 

• Non-reactive and Durable: As a noble metal, gold does not react with oxygen, meaning it does not rust, tarnish, or corrode over time. This durability ensures that gold artifacts and components remain in excellent condition for centuries.
• Malleable and Ductile: Gold is extremely soft and flexible, the most malleable and ductile of all metals. A single gram can be hammered into a one-meter-diameter sheet or drawn into a wire over two kilometers long. This allows it to be easily shaped into intricate jewelry or ultra-thin layers for technology.
• Distinctive Appearance: Gold's unique, bright yellow luster makes it easily recognizable and visually appealing, contributing to its use in adornment and art across cultures.
• Density: Gold is very dense, which makes it easy to verify its purity and difficult to counterfeit with most common metals.
• Conductivity: It is a good conductor of heat and electricity, and its corrosion resistance makes it ideal for reliable electrical connections where other metals would degrade. 

Now just add in it's world wide historical significance and you really have something there. 

[easilyscan 1,090]

The only gold I own is 2 Australian panda coins from the early 80s.

The price of gold has appreciated 271% since the thread started. That's pretty focking impressive.

Some people say it's going to 10,000, some people say it will be cut in half in the coming years.

 

[Ron_Artest 2,509]

Some interesting takes out there.  Hyper inflation coming.  Collapse of the USD, replacement with crypto.

Whatever it is, looks ominous.

I remember 2008 when the financial system collapsed and people were saying buy gold.  That didn't pan out.

I have zero confidence in the monkeys running the govt and whomever will be the new fed chair.

[Horseman 2,741]

1 minute ago, Ron_Artest said:

Some interesting takes out there.  Hyper inflation coming.  Collapse of the USD, replacement with crypto.

Whatever it is, looks ominous.

I remember 2008 when the financial system collapsed and people were saying buy gold.  That didn't pan out.

I have zero confidence in the monkeys running the govt and whomever will be the new fed chair.

Your reddit chats with the other dwarves aren't noteworthy.  

[SUXBNME 1,631]

26 minutes ago, easilyscan said:

The only gold I own is 2 Australian panda coins from the early 80s.

 

 

[easilyscan 1,090]

4 minutes ago, SUXBNME said:

 

Hot!

Another