I never understood the gold thing
Posted by Wickedpinto on October 10, 2010
Even as an inflationary hedge, gold is nothing more than a commodity given excessive value based on virtually nothing. Reason has this brief post, really just a bit of excerpting.
What is golds intrinsic value? It’s a good conductor (though not best) of electricity and heat. The heat part makes it excellent for jewelry, especially since it’s all shiny, Ohh, brb, a ball of yarn.
Back, because when worn, it quickly assumes body temperature. It’s also a “Noble Metal” meaning it doesn’t oxidize, or decay in general absent specific circumstances, making it ideal for some computer and space applications, but the total volume of gold used in electronics is almost completely insignificant compared to jewelry, let alone the total stockpiles held my nations.
Does anyone know the real value of gold other than it’s virtually insignificant chemical characteristics and the Oooh, Shiny. Brb, there’s a lazer pointer outside the door.
Damn, forgot to open the door.