Originally posted by glenn64jewelry is a luxery item, and uneccessary. the demand is elastic the supply is inelastic. when the demand becomes zero the price become zero. you'de be better off investing in tobbaco futures, at least the demand there seems inelastic, and the supply can be controlled
Indeed duecer.
Silver Platinum Nickel etc can and are used to make Jewelry, but none have the prpertys of Gold, Platinum has some similar qualitys yes but the expense of producing these metals are what makes them even more valuable. Notable: Platinum's main industry now isnt Jewelry btw, its in the automotive industry (Catalytic converters).
Fiat money i ...[text shortened]... the economy of the nation/s that use it vs being backed by a standard. ie Gold... IMHO
Heheheh! I do invest the Tabacco... Daily.
Physical Gold, Silver Plat is a more solid investment for me tho, it will still be here even when im gone, not like the cigs, thats all gone up in smoke. (Literally) 😀
Demand for Jewelry elastic. Hmmm, well I will agree when with you when vanity becomes unpopular. I dont forsee that in the near future tho! It seems that vanity becomes more popular each and every day. lol MAybe your right, I dont think we will ever see it in our lifetime, Precious metals are here to stay I think in truth, they will only increase in value over time as well (In comparrison to fiat).
Originally posted by duecerIt's called "bling" not jewelry.
jewelry is a luxery item, and uneccessary. the demand is elastic the supply is inelastic. when the demand becomes zero the price become zero. you'de be better off investing in tobbaco futures, at least the demand there seems inelastic, and the supply can be controlled
so gay.
Originally posted by PhlabibitYou mean God created us.
The spaceships that brought humans to Earth were comprised mostly of diamond, gold, and trace elements of testesack (a metal humans have not yet discovered)
Iron is almost useless in an advanced culture. Just more proof the humans are no where near as smart as they like to think they are.
P-
Originally posted by daniel58I didn't create you fools. Humans were an accident... I was cracking one off and poof there you were saying my name in vain, killing in my name, praying to me(I don't listen because I couldn't care less what happens to you parasites), and even starting wars over me. The wars were mildly entertaining but after a while I almost just wanted to start another flood for teh lulz.
You mean God created us.
Originally posted by glenn64it's easier for you Americanos - you don't have to factor in expected currency exchange rate fluctuations when deciding when to buy or sell gold.
It shot to $800s between 1976 to 1980, up from $35 an ounce. A decline followed but it never went back, Gold has been trading at a fair and steady price increase since then with ups and down due to the markets. Expectations are for Gold to steady at $850 later this winter, but prior to that some guys are thinking it will hit $1200 first. 😀
Its been said ...[text shortened]... it did at any point in time where oil was produced comercially... Try that with paper money! 😉
Originally posted by BlackampWhy not? Does the price not fluctuate in America as well? Or are you talking about foreign currency fluctuations vs. US dollar vs. price of gold?
it's easier for you Americanos - you don't have to factor in expected currency exchange rate fluctuations when deciding when to buy or sell gold.