For thousands of years Gold was “invaluable”. Gold was perhaps before our first and last "Yuan" the “buck” and life itself? Gold was before all our shiny Buddha statues, gold was before golden temples for god and gold mosque’s and Gold was before peaceful resistance and Gandhi and Gold was before Taoism in the far far east. Finally Gold was before “the great flood of profits” and before Jesus Christ and even modern Islam and our last profit. Some say Gold has been “worth something” for at least 4000+ years and perhaps scientifically unvalued. This mysteriously holy substance “Gold “has been “valuable” to man for a very long time. For some people on earth “Gold is God” and the stock market aims to make gold a new economic god? (perhaps)
Today the value of gold “fluctuates” (not just electromagnetically) for just one tiny “ounce” $1000 (1 ounce to $1000 “Garden of Eden Value”) all the way to the worshipful and heavenly value of $2000 per ounce!? Is that the true value? Lets give us all some unanalyzable idea of how “microscopic” one ounce of gold is…
How much is one ounce of gold?
1 Ounce of Salt = 1.57 Tablespoons 4.72 Teaspoons
Gold is actually measured in something called a Troy Ounce. Note: A regular Ounce is comprised of 28.35 grams. A Troy Ounce, however, is comprised of 31.1034807 grams.
Today many “Gold Thoroughbred” speculators leave most common citizenry in disbelieve. Gold “Bonds” through the 1980’s 1990’s and early 2000 (up until about 2005 or 2006) where “firm” the price of Gold was stable for about 30 years at around $400 for one ounce of gold and before this was 1970’s and "60's" gold was stable at about $30 to $35 per “ounce”. Today the price of gold is near (in) the moon for just “one ounce of gold salt”?
One interesting way to unregulate the mystical measurement and value of “Gold” is to standardize the cultural value of gold. What is the “cultural value of something?” On Earth this the “Gold Jewelry” consumption by country in tonnes (see wikipedia article on “gold” or "gold bar") The World consumption of Gold Jewelry has suddenly more then tripled in the last few years (remember the price jumped up to almost $2000 for one tiny ounce of gold from that $30 ring) and the price of Gold Jewelry certainly has gone up by at least 10x to 100x in terms of “recent value”. “Jewelry Consumption” in the United States is about ½ that of China and ½ that of India. In-fact Indians and Chinese “own” almost all the Earth's Gold Jewels. Americans own about as much Gold Jewelry as the state of Turkey (according to Gold.org and Reuters News Services). Collectively Asia and China and India “respectfully own” about 2/3 of all the “Gold Jewelry” on earth leaving the Americans with something less then a few precent in gold jewelry reserves? (5%)?
There are actually quite a number of Gold Bar Manufacturers the most common sell gold in grams typically from 1 gram to 100 grams and then a sudden jump to 1 kilogram of solid gold bar. However gold is typically only sold in 1 ounce or 400 ounce increments? See Wikipedia article on the Gold Bar.
We have no idea how “deep” the future of gold is…
Recently an unbelievably ver good Geologist (my brother) really surprised me when he educated me about “uranium” and he said that our planet earth might be a collapsed star. “its impossible for us to have such heavy elements on earth” unless earth was a collapsed star? We know that the earth might be a collapsed star (about the size of the sun) because of the elements found on earth are not possible unless the pressure or size of the earth was much much larger. As a result all of the gold found on Earth came from the debris of stars and because there is such a wide variety of other very heavy elements on earth its likely that the earth itself is collapsed star. The most common elements are created in the cores of most stars, fused from lighter elements and then the heaviest elements, only formed in the massive stars which “supernovas”.
Wow?
The value of gold cosmically and spiritually is mysterious. Elements like gold might be part of something much much more complex then our wildest cosmic dreams. We had no idea that Gold would one day be “useful”. For now on earth, Gold is lonesome and some type of very good “cosmic connector”. Gold can also somehow “double” and “block” strange cosmic fields and protect us? Gold is on the pins and needles of our older microprocessors and some type of valuable “cosmic conductor” protecting our communications satellites. And perhaps gold at a simple level is even of the solution to locally stabilizing earths global economy.
Interesting. So do you see gold getting to 1800 area or you are simly watching her?
idasuperman
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@throneroom, Thanks for your comment. In general its very important to support "natural value". When talking about a natural resource we should never complain about “the price is too high” or “too low” it doesn't help. The fundamental problem with all of economics is the belief in free market economic “law” over universal order and harmony or even balance of power and universal “transportation”. The natural environment and health of the earth’s water is the true “futures market” for now. Unfortunately life on earth depends on “the stock” and betting on “ideology” like “religion”. Today the stock market is playing with "digital" paper money and “stocks” of yesterday. We have begun to understand why applying mathematics or algorithms to sociology and psychology is “wrong” and not universally efficient. We should not use algorithms or “strange mathematics” to buy and sell natural resources like food and water. In fact it may one day be “illegal” to buy and sell natural resources.
throneroom
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@ashermartin, Wow. I've never seen it from this perspective. Thanks for sharing.
idasuperman
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@throneroom, To answer your question directly about “price” in USD. ;) In our distant “indivisible” cosmos the value of something at least for now might one day be equal to the “atomic number” and the supply and demand might be equivocally equal to counting the number of protons and electrons and then negotiating a “futures contract” with the neutrons and any of the “other particles” who want relationships other then just cosmetics and dating. The periodic table might be the real “index and universal stock exchange”.