Stacks & Chariots

Discussion in 'Bullion Investing' started by longnine009, Jun 26, 2014.

  1. longnine009

    longnine009 Darwin has to eat too. Supporter

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  3. josh's coins

    josh's coins Well-Known Member

    nice read but what does this have to do with bullion investing?
     
  4. longnine009

    longnine009 Darwin has to eat too. Supporter

    Gold artifacts
     
  5. longnine009

    longnine009 Darwin has to eat too. Supporter

    Does no one else find it fascinating that gold has been put to some kind of use for so long? In this case, 4,000 years ago.
     
  6. josh's coins

    josh's coins Well-Known Member

    Not really. Gold lasts forever and before currency gold was mostly used for tombs and burial sites for influential people of their time. There are lots of gold artifacts out there and more and more are being discovered yearly.
     
  7. longnine009

    longnine009 Darwin has to eat too. Supporter

    Why gold, why not rocks or clay.
     
    Last edited: Jun 27, 2014
  8. josh's coins

    josh's coins Well-Known Member

    The reason is that gold is not very reactive with other elements. it does not tarnish. It essentially lasts forever. That's why Gold was known as the metal of the gods.

    So lets say you are an ancient mayan ruler and you want to memorialized forever. You decide to have a 40 foot statue in your city because you know that the statue will last forever(unless it was broken by force or melted down). Had you chosen copper it would tarnish and turn green and then fall apart over time.

    Basically the chemical and physical properties of gold is the reason why it is so valueable from a wealth standpoint and a status symbol (if you have a 40ft gold statue of yourself people know who runs the place)
    Gold is not a rare metal. it is actually one of the most common metals on the planet. Most of which is in seawater and deep in the earth's crust.

    So that is why it is common for archaeologists to find gold artifacts in ancient tombs and such. it is what the rulers of their time had used to memorialize themselves for all eternity. These Gold statues will be around another 10,000 and another 10,000 after that so long as nobody damages or melts them down.
     
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  9. josh's coins

    josh's coins Well-Known Member

    Clay breaks apart fairly easily over time into many small peices. if you look around in your backyard you may find some ancient Native American pottery made from clay. But it would be in millions of peices.

    Rocks can be used as well but the rocks that are high quality are more often used for infrastructure and weapons. Iron was used to make spears. While Limestone was used to make the pyramids of giza.
     
    SilverSurfer415 likes this.
  10. mikem2000

    mikem2000 Lost Cause

    But Gold is far from unique in that aspect, many things have been put to use for at least that long or longer. Just for an example, common salt has been in use for over 8000 years.
     
  11. josh's coins

    josh's coins Well-Known Member

    interesting fact: Roman soldiers were paid in salt at one point. This is where the word salary comes from.
     
  12. longnine009

    longnine009 Darwin has to eat too. Supporter

    And yet I have never been at a dinner table and had someone ask me to pass the barbarous relic.
     
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