It's just a fucking yellow metal, isn't it? Who in their right mind would invest in yellow metal? What's the use of it? In a different course of history it could have been some other metal instead, like Iridium.
In an apocalyptic course of events, you have gold and they have shelter and food. Would they exchange their shelter and food for your fucking yellow metal? I highly doubt. So what is up with gold reserves?
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Are you like fucking 5 or retarded?
Gold has many uses especially concerning electronics. Have you ever heard of a super conductor? No? that's because you are a gay fucking retard. Please promptly kill yourself my fine fellow.
Sage
>you have gold and they have shelter and food
What is with the false dichotomy? Are you very mentally retarded?
>Incredibly high resistance to corrosion and other chemical reactions.
That's basically it. People needed something that would stand the test of time.
>What's the use of it?
It's not that abundant (but abundant enough to supply a large country) and it's stable. Both are pretty much the only requirements for a good substance from which to make currency- you don't want your money to suddenly disappear, and you don't want others to easily make their own.
Practical uses do not really matter, although they too exist.
On top of that, virtually every person on this planet will acknowledge the worth of gold, simply due to cultural reasons already. It's been seen as a valuable thing for millennia.
Except if you are a mongoloid like op...
Also
>Iridium was discovered in 1803
>Iridium is one of the nine least abundant stable elements in Earth's crust, having an average mass fraction of 0.001 ppm in crustal rock; gold is 40 times more abundant
...
>It's just a fucking yellow metal, isn't it?
one of the only cold-forgeable metals, a rare and exceptionally lustrous one at that relative to other cold-forgeable metals. this gives it historic context.
>Who in their right mind would invest in yellow metal?
people who want to make money based on speculation, the same reason people invest in anything from tulip bulbs to action figures to bitcoin.
>What's the use of it?
outside of being visually appealing, it's very useful as a conductive, reflective, and shielding material for various applications.
>In a different course of history it could have been some other metal instead, like Iridium.
no, it really could not have. iridium doesn't really occur by itself natively, has a high melting point, isn't cold-forgeable and is fairly brittle.
>In an apocalyptic course of events
severely hypothetical and bizarre
>you have gold and they have shelter and food.
severely hypothetical and bizarre
>So what is up with gold reserves?
most elements exist in reserves throughout the world in one form or another.
>Have you ever heard of a super conductor?
apparently you haven't either, because gold isn't one
Well. according to Warren Buffet (arguably the best investor is the world) gold has no real value and all it's value is based on the demand.
If it was more commonplace that people bought gold they would be more secure in an economic depression.
That applies to literally everything.
WATCH THIS:
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>gold has no real value and all it's value is based on the demand.
like anything else.
the best investor in the world wouldn't share truths about investment and maintain that title.
Warren Buffett: don't invest in gold
youtube.com
Jews eat gold like humans eat food. That's what gives it value.
>The value of things is based on how much there is and how bad people want it
Truly a visionary
Its the only substance that meets the criteria of "money".
Totally incorrect. Stocks gives you dividends and farmlands gives you goods that can be sold. while gold's only value is demand.
Black people like to wear it on their necks. This prevents them from spending their robbing profits on anything useful, so they are basically just as poor but with lots of jewelery on.
>Totally incorrect. Stocks gives you dividends and farmlands gives you goods that can be sold. while gold's only value is demand.
Gold is a metal those are not metals.
did you even read my post? investors stop being good investors when they give their competition good advice. I wouldn't trust anything an investor says unless they are a friend and made money through investment.
Mono atomic gold. Does that ring a bell, mr.jew?
i will superconduct my cock up your ass
Warren doesn't own gold. if he owns gold then he would tell you to buy gold so the price would rise.
This was just his opinion not investment advice.
That's retard logic. Buffet is a bagman and financial frontman for the Jew World Order. He'll say whatever is useful to have people think for the larger goals with no regard for his personal holdings because he'll be taken care of regardless.
I don't get what point are you trying to make here, don't invest in gold?
Gold is not an investment, gold is a failsafe.
Stocks rise and fall, companies fail, crops wither. Gold is always there.
itt: retards who do not understand the question