gts_2000 at yahoo.com
Fri May 24 04:28:34 UTC 2013
Kelly Anderson <kellycoinguy at gmail.com> wrote:
>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.<
Roughly 75-80% of the global demand for gold has nothing to do with its uses in industry or jewelry. Most of the gold in the world is sitting in safes, doing nothing useful aside from acting as a store of value.
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