Gold sucks.

[Devsman]

If somebody gave me a bunch of gold, I'd just sell it.

[Stranger]

Publicado originalmente por Pirate☠️Pocah:

I used to have some gold. It's a very pretty metal.
Do you know where it comes from? Fascinating.

one or two mines in Africa. one in canada too, I think.

one of them's almost a mile deep, and they just find more and more of it there.

smaller mines found elsewhere are likely the result of hoarding and breakdown.

[👾]

Publicado originalmente por Good Night Owl:

I once thought to myself if it's possible to combat inflation eating away at your savings by converting the money into gold/diamonds, you know any world currency... Then I realized that that is a hell of a lot harder to do. I guess that isn't the sort of thing you can just 'do'. For some reason, I thought it was.

Err how is it not? You buy gold or silver. And then you need to store it somewhere. That's it.

[Stranger]

Publicado originalmente por lankaras:

Publicado originalmente por Good Night Owl:

I once thought to myself if it's possible to combat inflation eating away at your savings by converting the money into gold/diamonds, you know any world currency... Then I realized that that is a hell of a lot harder to do. I guess that isn't the sort of thing you can just 'do'. For some reason, I thought it was.

Err how is it not? You buy gold or silver. And then you need to store it somewhere. That's it.

there are strict controls over both of them for a ton of different reasons.

silver's a primary component in low-tech explosives manufacturing processes.

gold is necessary for most control units, like c4 detonators, which can be built in simple electronic shops.

even small amounts of either could be used to produce a lot of weapons.



also if you don't register it someone could steal their own gold, not tell anyone it was missing, then sell it and collect insurance on it as well. happens all the time. same thing with silver.

[🍋 Lemonfed 🍋]

the thing with gold is not about if you're gonna sell it , it's about picking the right moment to sell it.

I have no Idea what I'm talking about and just wanted to sound smart , it's a joke

[👾]

Publicado originalmente por Stranger:

Publicado originalmente por lankaras:

Err how is it not? You buy gold or silver. And then you need to store it somewhere. That's it.

there are strict controls over both of them for a ton of different reasons.

silver's a primary component in low-tech explosives manufacturing processes.

gold is necessary for most control units, like c4 detonators, which can be built in simple electronic shops.

even small amounts of either could be used to produce a lot of weapons.



also if you don't register it someone could steal their own gold, not tell anyone it was missing, then sell it and collect insurance on it as well. happens all the time. same thing with silver.

Controls? I have no idea what you are talking about. I can easily buy some gold online if I want. And even just let it get delivered by mail.

[Stranger]

Publicado originalmente por lankaras:

Publicado originalmente por Stranger:

there are strict controls over both of them for a ton of different reasons.

silver's a primary component in low-tech explosives manufacturing processes.

gold is necessary for most control units, like c4 detonators, which can be built in simple electronic shops.

even small amounts of either could be used to produce a lot of weapons.



also if you don't register it someone could steal their own gold, not tell anyone it was missing, then sell it and collect insurance on it as well. happens all the time. same thing with silver.

Controls? I have no idea what you are talking about. I can easily buy some gold online if I want. And even just let it get delivered by mail.

Those are gold plated coins and jewelry. They're already accounted for, and buying very much of it will draw scrutiny. There's a legal limit on how much you can buy without registering as a gold repository. Minimum penalty of about 5 years in federal prison for going over the limit. Most white collar criminals are people who tried to steez gold without registering, by dealing in high volume trades of knickknacks like jewelry.

Furthermore, only gold buillon has retainable value. Turning gold into a coin causes it to lose almost all of its value instantly, and buillon is extremely tightly controlled. Nobody buys it without a recognized mint's imprint, and trying to sell one without it is super, super, super illegal.

The alternative is to sell fake gold.

I'd stay away from online gold.

[👾]

Publicado originalmente por Stranger:

Publicado originalmente por lankaras:

Controls? I have no idea what you are talking about. I can easily buy some gold online if I want. And even just let it get delivered by mail.

Those are gold plated coins and jewelry. They're already accounted for, and buying very much of it will draw scrutiny. There's a legal limit on how much you can buy without registering as a gold repository. Minimum penalty of about 5 years in federal prison for going over the limit. Most white collar criminals are people who tried to steez gold without registering, by dealing in high volume trades of knickknacks like jewelry.

Furthermore, only gold buillon has retainable value. Turning gold into a coin causes it to lose almost all of its value instantly, and buillon is extremely tightly controlled. Nobody buys it without a recognized mint's imprint, and trying to sell one without it is super, super, super illegal.

The alternative is to sell fake gold.

I'd stay away from online gold.

This all sounds very weird to me. Idk where you are but I think I can just buy however much I like and nobody is going to know. Coins, bullion, whatever. And the coins are worth only slightly less because of production cost.

[Dracoco OwO]

Publicado originalmente por 🍋 Lemonfed 🍋:

the thing with gold is not about if you're gonna sell it , it's about picking the right moment to sell it. :cocochan2:

I have no Idea what I'm talking about and just wanted to sound smart , it's a joke :spadesmug:

In theory that's still true but usually peoples buy them to preserve them as assets if the economy goes to ♥♥♥♥, welll that's a plan among others.

[↑↑↓↓←→←→BASelect]

At 2005 dollars per ounce it's a high price item and will be used when money is no longer good for spending but wiping.

[Stranger]

Publicado originalmente por Dr. Johnny Fever:

At 2005 dollars per ounce it's a high price item and will be used when money is no longer good for spending but wiping.

gold toilets are self-sterilizing as long as you wash them.

Publicado originalmente por lankaras:

Publicado originalmente por Stranger:

Those are gold plated coins and jewelry. They're already accounted for, and buying very much of it will draw scrutiny. There's a legal limit on how much you can buy without registering as a gold repository. Minimum penalty of about 5 years in federal prison for going over the limit. Most white collar criminals are people who tried to steez gold without registering, by dealing in high volume trades of knickknacks like jewelry.

Furthermore, only gold buillon has retainable value. Turning gold into a coin causes it to lose almost all of its value instantly, and buillon is extremely tightly controlled. Nobody buys it without a recognized mint's imprint, and trying to sell one without it is super, super, super illegal.

The alternative is to sell fake gold.

I'd stay away from online gold.

This all sounds very weird to me. Idk where you are but I think I can just buy however much I like and nobody is going to know. Coins, bullion, whatever. And the coins are worth only slightly less because of production cost.

most people won't buy coins due to poor providence and unknown gold content, and as a result coin trading is a highly specialized market if you want to get full value. otherwise 70% value is standard, and most coin traders won't offer you any better price especially if they know the providence and value of the coin.

otherwise you're describing a black market sale, most of which include radioactive isotopes which can be tracked from space.

[👾]

Publicado originalmente por Stranger:

Publicado originalmente por Dr. Johnny Fever:

At 2005 dollars per ounce it's a high price item and will be used when money is no longer good for spending but wiping.

gold toilets are self-sterilizing as long as you wash them.

Publicado originalmente por lankaras:

This all sounds very weird to me. Idk where you are but I think I can just buy however much I like and nobody is going to know. Coins, bullion, whatever. And the coins are worth only slightly less because of production cost.

most people won't buy coins due to poor providence and unknown gold content, and as a result coin trading is a highly specialized market if you want to get full value. otherwise 70% value is standard, and most coin traders won't offer you any better price especially if they know the providence and value of the coin.

otherwise you're describing a black market sale, most of which include radioactive isotopes which can be tracked from space.

It is not unknown if you just buy one of the official series, like Maple. You get a certificate and they are serialized and everything.

[Stranger]

Publicado originalmente por lankaras:

Publicado originalmente por Stranger:

gold toilets are self-sterilizing as long as you wash them.





most people won't buy coins due to poor providence and unknown gold content, and as a result coin trading is a highly specialized market if you want to get full value. otherwise 70% value is standard, and most coin traders won't offer you any better price especially if they know the providence and value of the coin.

otherwise you're describing a black market sale, most of which include radioactive isotopes which can be tracked from space.

It is not unknown if you just buy one of the official series, like Maple. You get a certificate and they are serialized and everything.

ah, well, if you buy enough someone will know. trust me.

[< Masterless >]

If you were not privy to selling it at a loss, I think you'd be surprised by how people would've gladly taken you up on that offer OP.

Publicado originalmente por Nebsun:

most people have gold lying around their house without even realising - in all your electronics, there is a bit of gold.

That is true; however, the gold that can be found in electronics—seemingly more abundantly in computer ram and chips—isn't really worth melting down until you've accumulated 'a lot' of it, perhaps more than a full bin worth of ram sticks, and you 'might' make it to four whole digits? Don't quote me on it, I am not personally familiar with this process myself.

[Stranger]

how many bars of buillon for a warehouse full of detonators?

[apathy]

Gold has worth! It has uses in appliances.

Its a highly-efficient conductor and connector, Gold does not corrode, ideal for using it in circuitry.

There's a tiny bit of Gold in almost every single electronic device you carry around from, cell phones to TVs.

Even diamonds have a use in the semiconductor industry, and would be great for your CPU and prevent it overheating like Silicon does.