- 24,553
- Frankfort, KY
- GTP_FoolKiller
- FoolKiller1979
Are you claiming that jewelry is non-commercial? By all definitions of the adjective, it is commercial.& the reason it's so expensive is because it is so valued for non-commercial reasons.
Are you claiming that jewelry is non-commercial? By all definitions of the adjective, it is commercial.& the reason it's so expensive is because it is so valued for non-commercial reasons.
I was really waiting until the nominees were set before I did it, but I can do it now since there are only 6 remaining.Hey @Sanji Himura, how about adding a poll. No, not about which precious metal is the shiniest, but with the remaining candidates.
I'm really curious how many GTpers support Bernie Sanders.
66.7%*I'm really curious how many GTpers support Bernie Sanders.
Thanks for that, and thanks for the change your vote button. That is exactly how I would of set the poll up.I was really waiting until the nominees were set before I did it, but I can do it now since there are only 6 remaining.
How come "Other" isn't an option?
Yes, you're right. I imagine gold would be used a lot more for functional/industrial purposes if it weren't so expensive ... & the reason it's so expensive is because it is so valued for non-commercial reasons. It's a circular relationship. But I think it's fair to say that its value as a commodity isn't primarily based on its functional usefulness. 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.
That isn't what is being argued, rather your thought that it has no purpose other than the latter as opposed to the former, which is industrial based one. The argument is about you lacking the belief on a known fact by many engineers in computing and electrical as well as aerospace, on the many uses of gold for its characteristics that aren't jewelry based. Gold's never had fluctuations as vast and opposing from time to time as oil has for decades, rather Gold and other precious metals retain their value more consistently, probably because they've got multiple uses rather than being a fuel or a plastic as well as one type of source (gold ore).* Nor does gold like oils in some areas have a cartel over seeing it that adjusts the markets to its liking to those it handles oil for or imports from them. This is because Gold isn't a vast commodity thus the market isn't over saturated or under saturated like it can be with Oil. Also unlike diamonds (unless you're a modern day alchemist that's found how) there is no possible way to artificially make it, which is why the diamond market tends to fluctuate or dip.
I'm not resource economist, just explaining difference for why these things mainly happen or possibly. And why your oil example falls flat, because at this time due to the various ways of getting oil (as I've said) there is over production and when there is too much of something in a free market, prices go down and do so in a competitive fashion to still outsell others in the same market.
The other interesting part is that gold isn't even the foremost (nor diamonds) fought over resource. But one of a few, with others being Tin and Tungsten for example. Because of their industrial uses like gold. Not because of being a 20 year old bride to be using it as the primary construction of a ring.
Judge Jeanine Pirro goes off on Romney for going off on Trump.
http://video.foxnews.com/v/47882913...cmp=hpvid1&playlist_id=trending#sp=show-clips
Talk about a take down and its equally good as David Stockman's
http://davidstockmanscontracorner.c...uper-fraud-heres-the-proof-chapter-and-verse/
Judge Jeanine Pirro goes off on Romney for going off on Trump.
http://video.foxnews.com/v/47882913...cmp=hpvid1&playlist_id=trending#sp=show-clips
It is a decent rant I'll say that much
The truth to the American people is....... a Mormon? Pls, I'm sorry if the truth offends.
See how easy it is to make an entire joke of everything in this election with each passing day.
Yep.Trump
Just out of interest, who is running on the Libertarian ticket this year?
I think Gary Johnson is the leading candidate for nomination.Just out of interest, who is running on the Libertarian ticket this year?