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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.18-0.5%Oct 31 5:00 PM EST
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To: Pogeu Mahone who wrote (159396)6/22/2020 9:48:40 AM
From: Haim R. Branisteanu  Read Replies (2) of 217496
 
Value is in most cases dictated by the desire to own a gadget, a thing or more easy to understand a "piece of art" which cannot be exactly duplicated similar to money which cannot be duplicated by law, at will by any person but only by the government issuing said paper money.

The most vivid examples are the paintings of masters, that past away long ago, and mostly lived modestly or even in poverty.

Their work value on a canvas skyrocketed, only because after they where long gone the desire to "own" this or that painting as being fashionable and by this reflecting the influence of the owner wealth and influence on others, made the same painting that barely covered the expenses of survival of the painter when alive, to a highly valuable painted canvas today, which cannot exactly replicated or explained why it gained such status.

Same with any thing else that serves as a medium of exchange irrelevant to their useful value except the "perceived value".
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