LogFAQs > #888371154

LurkerFAQs, Active DB, DB1, Database 2 ( 09.16.2017-02.21.2018 ), DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	Gold costs more than platinum
jmikla 10/13/17 3:11:16 PM #13:	xjayguyx posted... jmikla posted... xjayguyx posted... Strange world we live in when a digital fairy land coin is worth more than 3 ounces of pure gold or platinum... Not so much- porcelain is the preferred dental filling composite to gold and platinum. Gold and platinum have further limited utility for jewelry with tanzanite influx. Low demand. If demand was low why over $1000USD for 1 ounce of it? World demand for gold is there for sure, China, Russia and India love the stuff. If demand was low Silver would be $5 and gold would be like $100. You explained it yourself. Relativity. If demand isn't low, why isn't it over $1,000,000USD for 1 ounce of it? synth_real posted... jmikla posted... platinum have further limited utility Platinum is an important catalyst in a lot of things (including catalytic converters which are in every car) Currency is used to purchase cars- bitcoin is currency. There's a chain of dependence and proportional value. --- So say we all <cite>jmikla posted [p:888371154] in Gold costs... [t:75873700]...</cite> <quote><cite>xjayguyx posted...</cite> <quote><cite>jmikla posted...</cite> <quote><cite>xjayguyx posted...</cite> <quote>Strange world we live in when a digital fairy land coin is worth more than 3 ounces of pure gold or platinum...</quote> Not so much- porcelain is the preferred dental filling composite to gold and platinum. Gold and platinum have further limited utility for jewelry with tanzanite influx. Low demand.</quote> If demand was low why over $1000USD for 1 ounce of it? World demand for gold is there for sure, China, Russia and India love the stuff. If demand was low Silver would be $5 and gold would be like $100.</quote> You explained it yourself. Relativity. If demand isn't low, why isn't it over $1,000,000USD for 1 ounce of it? <cite>synth_real posted...</cite> <quote><cite>jmikla posted...</cite> <quote>platinum have further limited utility</quote> Platinum is an important catalyst in a lot of things (including catalytic converters which are in every car)</quote> Currency is used to purchase cars- bitcoin is currency. There's a chain of dependence and proportional value. --- So say we all</quote> ... Copied to Clipboard!
Topic List	Page List: 1