Avernus Posted January 15, 2010 Share Posted January 15, 2010 http://www.viewzone.com/fakegold.html I'd post the article, but it's rather long...read as far as you want....it does make for an interesting read though... Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted January 15, 2010 Share Posted January 15, 2010 http://www.viewzone.com/fakegold.html I'd post the article, but it's rather long...read as far as you want....it does make for an interesting read though... I'll wait for the snopes verification before classifying this as anything greater than Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted January 15, 2010 Share Posted January 15, 2010 why is gold so valuable, it has no real use! Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted January 15, 2010 Share Posted January 15, 2010 why is gold so valuable, it has no real use! It is a very good conductor, and it is very malleable and ductile. It also is very resistant to oxidation. It has many uses. Quote Link to comment Share on other sites More sharing options...
I Like Soup Posted January 15, 2010 Share Posted January 15, 2010 It is a very good conductor, and it is very malleable and ductile. It also is very resistant to oxidation. It has many uses. How did you get so smart in the construction industry Perch? Yes, gold is an excellent conductor and is resistant to oxidation, that is why it is used quite a bit in the semiconductor industry. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted January 15, 2010 Share Posted January 15, 2010 It is a very good conductor, and it is very malleable and ductile. It also is very resistant to oxidation. It has many uses. your knives are more useful than gold Quote Link to comment Share on other sites More sharing options...
cdrudge Posted January 15, 2010 Share Posted January 15, 2010 I'll wait for the snopes verification before classifying this as anything greater than I'll call bullpoopy on this one. The 1.3-1.5m fake gold bars would have represented about 10% of the volume of gold discovered in the history of the world. There is no chance that volume of forgeries would be produced and not be noticed. Plus the article goes on to say that there are still 640k of the blanks in Fort Knox. 640k 400 troy ounce bars equals 256m troy ounces, about 75% more then what the US Mint says is even stored at Fort Knox. Plus the mint also says that gold shipments don't happen from the depository, either to or from. Quote Link to comment Share on other sites More sharing options...
Avernus Posted January 15, 2010 Author Share Posted January 15, 2010 honestly, I think silver should be worth more and gold worth less.... silver has more uses and historically the ratio has always been 15:1 in value from silver to gold.....right now it's about 70:1.... gold is over valued as it is and silver has more uses - gold is just a lot more scarce... silver can be used for medicine, solar panels, electronics etc etc...and gold doesn't have half the usefulness that silver does... Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted January 15, 2010 Share Posted January 15, 2010 honestly, I think silver should be worth more and gold worth less.... silver has more uses and historically the ratio has always been 15:1 in value from silver to gold.....right now it's about 70:1.... gold is over valued as it is and silver has more uses - gold is just a lot more scarce... silver can be used for medicine, solar panels, electronics etc etc...and gold doesn't have half the usefulness that silver does... Plus the whole benefits of killin werewolves . . . . damn "Twilight" books . . . Quote Link to comment Share on other sites More sharing options...
Avernus Posted January 15, 2010 Author Share Posted January 15, 2010 Plus the whole benefits of killin werewolves . . . . damn "Twilight" books . . . how could I forget such an important use? Quote Link to comment Share on other sites More sharing options...
westvirginia Posted January 15, 2010 Share Posted January 15, 2010 honestly, I think silver should be worth more and gold worth less.... silver has more uses and historically the ratio has always been 15:1 in value from silver to gold.....right now it's about 70:1.... gold is over valued as it is and silver has more uses - gold is just a lot more scarce... silver can be used for medicine, solar panels, electronics etc etc...and gold doesn't have half the usefulness that silver does... Much like diamonds versus rubies, emeralds and sapphires. If my info is correct, I read that diamonds are WAY less rare than the other gems, it's just De Beer's has a heck of a marketing plan... Quote Link to comment Share on other sites More sharing options...
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