$57 to make, $2780 to retail

King_of_Posts

Rising Star
Registered
It doesn't cost $57 to make.

On another note, why is a bar of gold worth money?

Someone explain that to me.
Scarcity and utility.

All the easy to get at gold has been mined decades ago. Before your parents or grandparents were even born. Costs a lot of money to get gold nowadays and mines are incredibly expensive to run.

Gold is needed in many high end tech applications among others. It didn't rust/oxidize and it's chemically inert. There are literally thousands of uses for it.
 

xfactor

Rising Star
BGOL Investor
It doesn't cost $57 to make.

On another note, why is a bar of gold worth money?

Someone explain that to me.
It is actually the opposite. The “paper money” value and acceptance is determined by governments and can be discontinued or devalued to nothing in a second.

Gold is a precious metal that will always have value.
 

TENT

Rising Star
BGOL Investor
Scarcity and utility.

All the easy to get at gold has been mined decades ago. Before your parents or grandparents were even born. Costs a lot of money to get gold nowadays and mines are incredibly expensive to run.

Gold is needed in many high end tech applications among others. It didn't rust/oxidize and it's chemically inert. There are literally thousands of uses for it.
Nice try.
There is nothing you can do with gold that you can't do with something cheaper.
 

TENT

Rising Star
BGOL Investor
It is actually the opposite. The “paper money” value and acceptance is determined by governments and can be discontinued or devalued to nothing in a second.

Gold is a precious metal that will always have value.
Nothing is always. Nothing.
You are thinking based on how society has you tricked.
Once this society is destroyed you will see what really is.
 
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