SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: SwampDogg who wrote (43930)10/26/1999 2:32:00 PM
From: The Barracudaâ„¢  Read Replies (1) | Respond to of 116756
 
Fuddle,

Look at a long term chart of gold. Forbes Magazine had one a few years back. Gold has been in a centuries long decline vs other man made goods and services. The Forbes chart has the gold price at over $1000/oz at around the year 1100 AD. That chart does show decades long rallies in gold, but the trend has always reasserted itself. Moneys only value is to trade it for something of more value.

Birthday parties for you kids would be an example.



To: SwampDogg who wrote (43930)10/26/1999 3:16:00 PM
From: ahhaha  Read Replies (1) | Respond to of 116756
 
Nothing paradoxical here. You won't pay a penny for air or water, but they are priceless, they have infinite value. So their value is both infinite and zero. Gold is similar. It does nothing. What has value to humans are those things which create action. Gold is representative of other things which create action but engages in no action itself. The true value of gold is in its actionlessness. There is no gold in desire. Gold's value is both very small and/or very large. Right now the former seems to have the dais, dammit.