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Gold

kiwidan said:
People got fooled in the biggest scam in the history of mankind. Trading gold for a piece of paper.
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uhm, I hate fiat systems but well due to the Spanish gold abundance a massive depression of the monetary system of Europe occurred because of how they manipulated the coinage . the Spaniards had way too much gold and its prices dropped.Gold isn't rare,just valued.
 
jasonc said:
uhm, I hate fiat systems but well due to the Spanish gold abundance a massive depression of the monetary system of Europe occurred because of how they manipulated the coinage . the Spaniards had way too much gold and its prices dropped.Gold isn't rare,just valued.
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Its not likely that any more new continents will be discovered with gold on them. Cowrie shells were popular throughout history too.
 
What makes any precious stone/metal/mineral (gold, silver, diamond, sapphire, ruby, etc.) valuable? People want them for various reasons. They want them desperately enough they are willing to pay for them. Rarity also plays a role by the basic rule of supply and demand. Imagine the value water could hold if it became rare. I wonder how much more is paid for water in arid areas as compared to here in the US for example. I recently spent about $5,000.00 to dig a new well and except for the cost of the electricity to pump the water and maybe an occasional pump repair/replacement, that is about the only expense I will have for probably the rest of my life. Essentially, my water costs me almost nothing. I'm betting that is not the case in other places where water is not so abundant.
 
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Ok let us consider:

1. Earthly reality is usually considered solid.
2. Spiritual things can be sometimes considered a vapor.

It is my understanding gold leaf can be so thin it can be seen through. Correct me if I am wrong. (One molecule thick?)

When we consider heavenly gold streets we can see through we are approaching understanding. When our sense of spiritual reality is solid, then the precious things of our earthly existence become transparent.

The eyes of our understanding have to be enlightened.

The ox as a preacher helped me see some of this.

Redneck moonshine. (The moon turned to blood)

eddif
 
WIP said:
What makes any precious stone/metal/mineral (gold, silver, diamond, sapphire, ruby, etc.) valuable? People want them for various reasons. They want them desperately enough they are willing to pay for them. Rarity also plays a role by the basic rule of supply and demand. Imagine the value water could hold if it became rare. I wonder how much more is paid for water in arid areas as compared to here in the US for example. I recently spent about $5,000.00 to dig a new well and except for the cost of the electricity to pump the water and maybe an occasional pump repair/replacement, that is about the only expense I will have for probably the rest of my life. Essentially, my water costs me almost nothing. I'm betting that is not the case in other places where water is not so abundant.
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But water is a need. Gold is a want. Food and water are the main needs followed very closely by clothing and shelter.
 
kiwidan said:
But water is a need. Gold is a want. Food and water are the main needs followed very closely by clothing and shelter.
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Shadows of spiritual realities are present in nature, law, society.

Food is nourishment just as the word of God is.

Water is a universal solvent for many things and being baptized is a symbol of a reality.

Gold is a covering for the ark of the covenant, just like the garment of praise relates to a spirit of heaviness.

The natural world provides insight into the spiritual. I may not have gold, but I still need the knowledge of gold to understand certain things about God. My dark vision just does not always let the complete light shine in.

Redneck
eddif
 
kiwidan said:
But water is a need. Gold is a want. Food and water are the main needs followed very closely by clothing and shelter.
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My reference to water was an example of how supply and demand can affect the value of something. Since precious metals/stones/minerals are desirable to so many for various reason and they are somewhat rare (some more than others), they have higher value depending on how much they are in demand. The more people desire them, the higher their value because the demand gains against the supply. If gold, for example, suddenly became overly abundant, it would lose its value.
 
WIP said:
My reference to water was an example of how supply and demand can affect the value of something. Since precious metals/stones/minerals are desirable to so many for various reason and they are somewhat rare (some more than others), they have higher value depending on how much they are in demand. The more people desire them, the higher their value because the demand gains against the supply. If gold, for example, suddenly became overly abundant, it would lose its value.
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Supply and demand is a rewrite of inflation.
https://en.m.wikipedia.org/wiki/Encyclopædia_Britannica

I think I remember 1938 as the supply / demand update.

Price change due to inflation is suddenly replaced by supply and demand.

Scripture can be warped too.

What pulled my supply demand chain?

eddif
 
Supply and demand still applies. Flood the market with excess gold and I'm willing to bet the value of gold will plummet. OPEC proves this over and over by changing production rates to affect world oil prices. In recent years, other countries have been stepping up production and this has proven to lower the prices. Every time a hurricane hits SE Texas where much of our oil is refined, our gasoline prices rise due to either expected or real cuts in refined oil production. The demand didn't drop so the prices rise. Simple supply and demand in action.
 
WIP said:
Supply and demand still applies. Flood the market with excess gold and I'm willing to bet the value of gold will plummet. OPEC proves this over and over by changing production rates to affect world oil prices. In recent years, other countries have been stepping up production and this has proven to lower the prices. Every time a hurricane hits SE Texas where much of our oil is refined, our gasoline prices rise due to either expected or real cuts in refined oil production. The demand didn't drop so the prices rise. Simple supply and demand in action.
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Inflation was discussed till 1938 (?).
Supply and demand theory 1890 (?)
Public introduced to supply demand in 1938 (?).

Is there enough gold to flood the market?

We went off gold standard in 1933 (?)
http://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard

My whole point was the Bible symbolism surrounding gold.

Redneck
eddif
 
Mark 7:13 KJV
Making the word of God of no effect through your tradition, which you have delivered: and many such things do you.

When you devalue the word of God through tradition, it is the same as changing inflation to supply and demand.

To me this is all about why gold is valuable. Change economic definitions and gold fades away and supply and demand takes over.

I will shut up.
eddif
 
Limited supply is one factor in gold's price. The fact that it is a non essential is another. Necessities must be sold for a price that the bottom 80% can afford. Non essentials can be manipulated to make them unaffordable to the majority. Voters don't really care if only the top 20% can afford gold.

Gold mining tends to run in long cycles. When the price is expensive, additional mines are gradually brought on line over a period of years. Additional mining makes the price cheaper, so mines are gradually taken off line over a period of several years. The long time it takes to bring production on and off line accounts for the long periods where gold is cheap or expensive.

If gold were a necessity, voters would vote for gold to be mined until the majority could afford it. Even if gold mining had to be subsidized to accomplish this.
 
Coinage, a medium of exchange. The Romans used to pay the legions in salt, when the soldiers had to wade streams or rivers the salt would dissolve, so they minted coins.
 
In Polynesia they used giant stones in the shape of wheels as money. The wheels generally stayed in place, but ownership was transferred.
 
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