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by marvin
4576 days ago
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If we're going to play the "memes for intellectuals" game, I could just as easily make a similar claim on your comment. This is a content-free comment. The easiest support for my argument would be looking at the list metals with a similar rarity to gold, and noting that gold is more expensive than all but platinum, despite having an annual production which is >15 times higher. http://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth%... Now, please provide a citation for your claim "gold's market value is mostly caused by demand from art and manufacturing processes". I claim that this wrong because 34% of all the world's gold is kept in vaults, and an additional 52% is stored in jewelry (of which a significant amount should be considered an investment by its owners due to the high market value). http://en.wikipedia.org/wiki/Gold_reserve#World_gold_holding... |
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