Thanks for the reply. I understand what you mean. That is true. I personally believe wearing yellow metal decorative pieces is a waste of money and a bad fashion sense. And yes...the mining companies will have to take up a new job all together.
Honestly, though, I just want gold to become rarer by the day. (For personal reasons of course!)
I can tell with certainty that 1/3 of the world are mad about gold. But why an element like gold is so precious? Why do people give value to a golden ring or a golden coin. Why do they even think of it as something beautiful? Applications of gold are (1) Medium of exchange and (2) Jewelery. Once gold mines are empty, another metal will replace it and will be deemed beautiful; however, the mystery of humans interest in material things remains unknown.
Imagine one day, miners come out and say there is absolutely no more gold to be mined. You believe people will move away from gold because it's rare all of a sudden? You can't possibly believe that!
I was questioning 'the mystery of human's interest in material things', not depletion of gold mines. You should observe the obsession of people where I live. The difficulties and efforts of gold extraction and production makes it expensive, which I understand. It can be a medium of exchange under certain fair conditioning since not all countries posses gold. What I don't understand is people's decision to decorate themselves with it and impression that gold makes them beautiful. >Part 2
Also, the "big" benefit goes to the gold mining & production companies, not the retailer down the road. If tomorrow gold ends, how will these guys make more money. They would make an ad of H. Klum wearing Nickle! and then everyone think nickle makes is the new gold, making them look "pretty".
Remember, nothing and no one brings more profit to large companies than a reckless line of spenders and consumers.
Thanks for the reply. I understand what you mean. That is true. I personally believe wearing yellow metal decorative pieces is a waste of money and a bad fashion sense. And yes...the mining companies will have to take up a new job all together.
Honestly, though, I just want gold to become rarer by the day. (For personal reasons of course!)
AGL23 2 years ago
I can tell with certainty that 1/3 of the world are mad about gold. But why an element like gold is so precious? Why do people give value to a golden ring or a golden coin. Why do they even think of it as something beautiful? Applications of gold are (1) Medium of exchange and (2) Jewelery. Once gold mines are empty, another metal will replace it and will be deemed beautiful; however, the mystery of humans interest in material things remains unknown.
rezz110 3 years ago
to rezz110:
Well, it is the only currency that has always been, and always will be, and right now it is good to use gold as an asset you save money.
tomfromeur 3 years ago
What?
Imagine one day, miners come out and say there is absolutely no more gold to be mined. You believe people will move away from gold because it's rare all of a sudden? You can't possibly believe that!
AGL23 2 years ago
@AGL23
I was questioning 'the mystery of human's interest in material things', not depletion of gold mines. You should observe the obsession of people where I live. The difficulties and efforts of gold extraction and production makes it expensive, which I understand. It can be a medium of exchange under certain fair conditioning since not all countries posses gold. What I don't understand is people's decision to decorate themselves with it and impression that gold makes them beautiful. >Part 2
rezz110 2 years ago
Part 2
Also, the "big" benefit goes to the gold mining & production companies, not the retailer down the road. If tomorrow gold ends, how will these guys make more money. They would make an ad of H. Klum wearing Nickle! and then everyone think nickle makes is the new gold, making them look "pretty".
Remember, nothing and no one brings more profit to large companies than a reckless line of spenders and consumers.
rezz110 2 years ago
@rezz110 gold is an element :)
RainstormGB 2 years ago