kellycoinguy at gmail.com
Fri May 24 04:04:51 UTC 2013
One of the things Brent's cannonizer position said was that if Nasa (or
SpaceX?) found and brought back a large quantity of gold from outer space
that it would devalue gold. While basic supply/demand clearly demands that
the price of gold would go down, I personally don't think it would go down
all that much because it is such a useful element on its own.
I read an article in an old National Geographic where the author had a
frying pan created out of solid gold, about 3 pounds worth. He said it made
the best fried eggs he had ever experienced, and of course it was non-stick
(probably before there was teflon, but I don't remember the date of the
article) and easy to clean because gold doesn't react to anything.
If gold came down in price, I think it would just get used for more things
because of its unique properties... and that makes some kind of floor. It
will always be relatively rare compared to the abundance of the other
So, I kind of disagree about large amounts of gold causing a severe
devaluation... What do you all think?
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