Message:

<p>[QUOTE=&quot;Phil Ham, post: 1530161, member: 5787&quot;]Although I agree with some of your comments, I disagree with your statement that gold and silver are not really commodities.&nbsp; Both commodities fit in the definition of a commodity.&nbsp; The metal, copper, is used as an example of a commodity in Wikipedia (for what that&#039;s worth), but it could just as easily be gold or silver.</p><p><br /></p><p>The more specific meaning of the term commodity is applied to goods only. It is used to describe a class of goods for which there is demand, but which is supplied without qualitative differentiation across a market.[3] A commodity has full or partial fungibility; that is, the market treats it as equivalent or nearly so no matter who produces it. &quot;From the taste of wheat it is not possible to tell who produced it, a Russian serf, a French peasant or an English capitalist.&quot;[4] Petroleum and copper are examples of such commodities.[5] The price of copper is universal, and fluctuates daily based on global supply and demand. Items such as stereo systems, on the other hand, have many aspects of product differentiation, such as the brand, the user interface, the perceived quality etc. And, the more valuable a stereo is perceived to be, the more it will cost.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in