Gold

[sys]

Is gold only used in decorative settings? I feel like it has other, more practical uses.

it has lots of uses, but cheaper substitutes are used.

i guess small quantities are used industrially, but that market is miniscule compared to as decoration and as an investment.

[Emo EMAW]

Gold can be used in electronics, but sys is right the amounts are so small.  I saw a process where these people were using teeny tiny gold wire to wire a MEMS sensor.  There was scrap gold wire and they just threw it away.  It was like a little ball of golden cotton candy.

[06wildcat]

Guess who is driving down the price of gold? The FED! Did naked shorts of $24 billion in the last few days. The fed did it to keep the dollar up and the QE to keep working.

Family member on Facebook today.

[06wildcat]

i'm interested to hear what you believe is a reasonable price.

you're right to call me out for my statement.  there's no really good way to value gold, since it's basically a useless, decorative material.

for me, as a (potential) purchaser of collectible gold, i'd be reluctantly willing to pay about $1000/ounce.

for something more objective - total cost of production is in the realm of $1100/ounce (but this is very plastic, since it will expand and contract with the actual cost of gold).  still, somewhere around there is likely a near term floor.

oth, when interest rates rise, gold should fall.  discount as you like.

This is true right now with a lot of marginal mines operating. That number will fall back to a more reasonable $650-$750/ounce if gold drops much further. The most efficient mines today are producing at about $630/ounce.

[star seed 7]

Everyone forgets about goldschalger.

[slobber]

Everyone forgets about goldschalger.

Do you really drink the gold? Doesn't peeing hurt afterwards?

[steve dave]

Everyone forgets about goldschalger.

Do you really drink the gold? Doesn't peeing hurt afterwards?

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 

[star seed 7]

Everyone forgets about goldschalger.

Do you really drink the gold? Doesn't peeing hurt afterwards?

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 

lol, science nerd outed.

[slobber]

Everyone forgets about goldschalger.

Do you really drink the gold? Doesn't peeing hurt afterwards?

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 

STEVE DAVE EATS GOLD!!!!!!

[Panjandrum]

Everyone forgets about goldschalger.

Do you really drink the gold? Doesn't peeing hurt afterwards?

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 

STEVE DAVE EATS GOLD!!!!!!

Of course he does.  What do you think he is?  A farmer?

[Emo EMAW]

Everyone forgets about goldschalger.

Do you really drink the gold? Doesn't peeing hurt afterwards?

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 

 

[star seed 7]

sd eats like that guy you know.

[0.42]

Everyone forgets about goldschalger.

Do you really drink the gold? Doesn't peeing hurt afterwards?

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 

STEVE DAVE EATS GOLD!!!!!!

Of course he does.  What do you think he is?  A farmer?

 

[jtksu]

Pretty sure Montezuma ate crap loads of gold. I guess the moral of this story is that SD thinks dudes on horses are Gods.

[p1k3]

Definitely the Fed's doing.