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.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (109374)12/30/2014 3:11:08 PM
From: bart13  Read Replies (1) | Respond to of 218047
 
It simply doesn't make economic sense to arbitrarily remove one of the elements on the Periodic Table from commercial use.

Even during the centuries of the gold standard, commercial use occurred and continued, so that's not a valid assumption.



To: Elroy Jetson who wrote (109374)12/30/2014 5:36:34 PM
From: RJA_  Respond to of 218047
 
The best use for gold, as with any freely priced asset will be determined by the market (assuming a free market).

Electronics will find a substitute if and when gold is required again to be the money of choice.

The "no good reason" has historically been mismanagement of fiat currencies leading to loss of confidence & value... reason enough when it happens.



To: Elroy Jetson who wrote (109374)12/31/2014 9:02:55 AM
From: stsimon  Respond to of 218047
 
I have some gold inlays in my mouth that are over 40 years old and going strong. Hard to beat gold for dental work. As a currency, not so much....