Why is Gold Worth Anything!?

sabretoothtigger

Why does anything have a worth, because people want it. The most worthless thing of all is a bank note with a promise written on it.

At least with art you can own the original and its unique but with bank notes why should it be worth anything if they are duplicated by the millions and given out for nothing in the case of QE

evenasus

SergeyLEM wrote: »

And what norm now?

It seems to be 18ct gold for wedding rings today.

SergeyLEM wrote: »

Presence of diamonds is obligatory?

Sorry, I don't understand that question.

I was merely saying that I like diamonds.

I don't like gold.

sabretoothtigger

Depends which diamonds are used.
They can actually make them nowadays, I used to use them years ago when drilling cast iron girders

I think diamond stud earrings look good except when david beckham wears them, thats just wrong:p




This for £165

Bazn

haha yes why indeed is it worth anything. value is simply what society ascribes... which is nonsensical, but if theres money to be made who am i to question lol! i do hold shares in a gold miner despite not really seeing the big deal about gold myself.

see my earlier post too
http://forums.moneysavingexpert.com/showthread.html?p=18489893&highlight=#post18489893

evenasus

SergeyLEM wrote: »

Is diamonds on rings norm? )

Not on wedding rings in the 60's.

Wedding rings were plain broad gold bands -devoid of any precious stones.

Grek

sabretoothtigger wrote: »

Depends which diamonds are used.
They can actually make them nowadays, I used to use them years ago when drilling cast iron girders

I think diamond stud earrings look good except when david beckham wears them, thats just wrong:p

This for £165

Why is it wrong?))):D

DiggerUK

SergeyLEM wrote: »

What old thread?

This thread.
http://forums.moneysavingexpert.com/showthread.html?t=1822385&page=0&pp=0

sabretoothtigger

Gold buys the same amount of corn now as it did 4000 years ago in ancient egypt I heard, useful if its been a while since you last went shopping no doubt

DiggerUK

SergeyLEM wrote: »

Nobody talk with me there(

Group hug for Sergey everybody. :kisses:
Then Sabretoothtigger is getting the :beer: in.

sabretoothtigger

Something I forgot to mention and worth bumping the thread for is the IMF is liquidating an eighth of their gold reserves.
This amounts to 400 tons or 13 million ounces of gold I think it is

No link but they intend to do this gradually so I guess you will hear much more on it before the time comes