The Donald never shuts up! But it surely will make a difference if he's sitting in the big chair.Long term would, well, shut him up longer wouldn't it?
The Fed, central bankers, the talking heads on TV, wealthy investors and market-moving CEOs all think they make a difference. But maybe not. The underlying market forces are inexorable. But the timing is always in doubt.You make it sound as if there are some magic people who could make the markets great if they wanted to, but would rather not, and if they did, it could only be for a short time. I'm not buying that.
The US has been rallying after a fairly long slump. S&P 500 is up 9% since Feb. 11th. The debt issue will necessarily manifest itself in inflation. If the US has less of a debt problem than the nations around it, it won't be so bad here (but probably gold or other neutral commodities would be a good place to lay low). I've been in gold for years expecting inflation, but the dollar keeps staying ahead of everyone else in the race to the bottom.
That literally could not be more wrong.It's a metal that isn't much use for anything - attractive to the pillaging vikings I guess, but not very useful in a high tech world.
Well, to be fair, that is an article from "Bullionstreet" with perhaps a vested interest in touting the "usefulness" of gold. Let's put it this way: only 12% of gold is used for "industrial purposes", the remaining 88% is used for jewelry or "investment" - pretty much the same use the vikings put it to. In comparison, with copper the proportions are reversed, 88% is used for industrial purposes. The BS article also points out that 7,500 tons of silver is used in the electronics industry annually, 23 times more tonnage than the gold used.
Did the government of Canada sell all of its gold reserves?Well let's put it this way: only 12% of gold is used for "industrial purposes", the remaining 88% is used for jewelry or "investment" - pretty much the same use the vikings put it to. In comparison, with Copper the proportions are reversed, 88% is used for industrial purposes.
Did the government of Canada sell all of its gold reserves?
So I turn on CNN late last night & I see Don Lemon interviewing Jesse Ventura. Here's a guy who also made his living for years as a loud-mouthed blowhard in the entertainment industry. Unlike some people, however, he seems to have a clear understanding of the difference between fantasy & the real world. Listening to him talk was like listening to an intellectual, philosophical & moral giant compared to the GOP frontrunner ... or, in all honesty, any of the GOP candidates.
I find it amazing and a bit chilling how far the GOP elites are willing to go to stop Trump from getting the nomination. It seems these guys will do anything to stay in power.
Frankly, I found the speech Romney gave the other day to be quite disgusting. He repeated the lie about Trump and David Duke. He insinuated that Trump must be hiding something because he hasn't released his tax returns. This is particularly ironic since Harry Reid said the same thing about him in 2012. He presented his opinion that Trump is a conman and a fraud as fact. I really liked Romney in 2012, and thought he would make a great president. I have lost a lot of respect for the man now.
Donald Trump is winning the nomination because the people are voting for him. The GOP has said for years that they want to be the 'big tent' party that draws support from more than just the 'angry white men' they are so often accused of attracting. Now there is a candidate that is attracting broad support and votes. It appears that the GOP elites don't give a **** what the people want. They want someone they can control and Trump is not that someone.
Gold makes no sense to me. It's a metal that isn't much use for anything - attractive to the pillaging vikings I guess, but not very useful in a high tech world.
That's interesting. I remember in the 2012 US election thread someone tried to make the same argument and, when it was pointed out that gold is, in fact, very useful in a high tech world, they ignored it away...
Gold has no value! Gold does nothing. I have no use for gold, in fact, no one I know has a use for gold.
Gold has no value, by that I mean capability or usefulness.
I'll assume you're merely posting to my mind using telepathy?
Only you're not using any electronic devices - and certainly not the internet - if gold does nothing.
I'm sure the same thing won't happen this time...Minutia. Play again.
Hmm.Well, to be fair, that is an article from "Bullionstreet" with perhaps a vested interest in touting the "usefulness" of gold. Let's put it this way: only 12% of gold is used for "industrial purposes", the remaining 88% is used for jewelry or "investment" - pretty much the same use the vikings put it to. In comparison, with copper the proportions are reversed, 88% is used for industrial purposes. The BS article also points out that 7,500 tons of silver is used in the electronics industry annually, 23 times more tonnage than the gold used.
I was just making a joke about the article being from Bullionstreet. I don't really have an informed opinion on this.I kinda agree with noob and boggles.
Nevertheless, it has uses - so to say it "makes no sense" and "isn't much use for anything" is demonstrably wrong.I kinda agree with noob and boggles.
Good is a great conductor sure, but when it comes to electronics it's not the only choice, the best choice or the most used material. There is more dust on a typical PC than there is gold. Usually it's used to plate connector components. Lithium is far more useful in the electronics world than gold, and will likely match, or possibly exceed the value of gold. (Citation)
Diamond values are effectively a cross between a very good PR department and a cartel. Diamond does, of course, have uses - not just industrial, but in research (it's a good insulator of electricity - though some contaminated diamonds are good semiconductors - and can be used to create extremely high pressure environments) - but it's not as fundamentally useful as gold.Same goes with diamonds. The price is outrageous for mined diamonds. Industrial diamonds are made, not mined, and cubic zirconia is superior to natural diamonds in both clarity and size. We have made a better diamond in a lab and yet it is still a violently viable trade to mine them. Their value a highly imaginary.
but it's not as fundamentally useful as gold
Nevertheless, it has uses - so to say it "makes no sense" and "isn't much use for anything" is demonstrably wrong.
Gold is used in electronics because it's highly malleable, conductive and resistant to corrosion - which is why it's used in electrical connectors and it is the best choice for that. It's also very reflective to infrared and medically inert. The malleability (and low melting point) and corrosion resistance is why it has been used for long-term storage of value too - you can make it into any shape, cheaply, and it doesn't gain or lose mass through chemical reaction.Diamond values are effectively a cross between a very good PR department and a cartel. Diamond does, of course, have uses - not just industrial, but in research (it's a good insulator of electricity - though some contaminated diamonds are good semiconductors - and can be used to create extremely high pressure environments) - but it's not as fundamentally useful as gold.
I trust that your perspective of:I guess it all depends on your perspective
has changed.Gold makes no sense to me. It's a metal that isn't much use for anything - attractive to the pillaging vikings I guess, but not very useful in a high tech world.
Well, I'll admit that I'm no expert when it comes to the importance of the particular "functional" qualities of gold compared to other metals. The statistics do seem to indicate that the vast majority of gold mined is not used for "functional" purposes. The perceived value of gold is a fascinating subject though. If the zombie apocalypse came, paper money would presumably become meaningless, would gold still have value?
With regards to diamonds I can relate this anecdote: my great grandparents were very wealthy. They lived in a major Eastern European capital. In the Second World war they lost everything, including their lives. My grandmother & her children survived. The only thing that she was able to salvage was some of the family jewelry which could be easily concealed. Having experienced the total destruction of everything in her life she was a big advocate of "brilliants" - diamonds - because of their value/portability. I guess it all depends on your perspective ...
Looks like you forgot the joke "trigger" then... Cause there is really no way to tell you said that as a joke... But I get. Good one...
Then you don't understand the stats your reading anymore than a certain other user that threw out stats earlier. The gold market as you've suggested leans high toward it as a jewelry but due to that, the tech side of it suffers because market value is too expensive for it to be used in large quantities when other materials can come close enough for less.
However, the thermal properties, conductivity, malleability of the element while still retaining relative strength, as well as its resistance to corrosion make it quite a useful asset in many areas of tech and industry
Sure there is bullionstreet (hence BS), some can see an obvious internet joke*, some obviously take the internet too seriously.
*good joke too
Probably the key merit of gold is that, for millennia, it has been universally agreed to have value as a medium of exchange, i.e., money.
It may be largely based on what gives it value as value - it can be easily and cheaply melted and formed into any shape and doesn't corrode or tarnish.But I think it's fair to say that its value as a commodity isn't primarily based on its functional usefulness.
All the gold ever mined would fit into a cube 22 metres across. To fill the same volume with oil you'd need about 55 seconds of global oil production.And the market for gold, like the market for diamonds, is also a manipulated one. Consider the question of oil - one of the most straightforwardly "functional" commodities there is. A few years ago it was worth 3 - 4 times what it's selling for now.
Its malleability and chemical inertness make it excellent at preserving its mass without diminishing (corrosion) or gaining through impurities (tarnishing), meaning that "x" amount of gold will, in most cases, always be "x" amount of gold.The question I'm posing is, in a post-industrial, high-tech world what is the significance of gold?