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This guy doesn't like precious metals.
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<p>[QUOTE="InfleXion, post: 1634636, member: 29012"]I agree with you to an extent, but there is more to it. Gemstones have added value based on aesthetics - the type of cut. A molecule of gold is worth a molecule of gold regardless. The other thing with gemstones is that they are used in science for refraction, so the cut does matter beyond aesthetics. Gold functions the same regardless. This is in large part why gems are not fungible. </p><p><br /></p><p><br /></p><p><br /></p><p>I think we are just having a misunderstanding around definitions. Forget the word finite or infinte. It matters not. The point is that we can create more cotton. We can't create more gold. Yes we may be able to get more gold from other planets, but we can get more cotton from this one. I won't dispute that water is more necessary than gold. I have lots of water. I'm not saying gold is the end all be all. I'm saying just what I've said - it is in limited supply unlike all other commodities which we can reproduce. Limited simply means there is a ceiling (on our planet). That says nothing as to how high or low that ceiling is.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1634636, member: 29012"]I agree with you to an extent, but there is more to it. Gemstones have added value based on aesthetics - the type of cut. A molecule of gold is worth a molecule of gold regardless. The other thing with gemstones is that they are used in science for refraction, so the cut does matter beyond aesthetics. Gold functions the same regardless. This is in large part why gems are not fungible. I think we are just having a misunderstanding around definitions. Forget the word finite or infinte. It matters not. The point is that we can create more cotton. We can't create more gold. Yes we may be able to get more gold from other planets, but we can get more cotton from this one. I won't dispute that water is more necessary than gold. I have lots of water. I'm not saying gold is the end all be all. I'm saying just what I've said - it is in limited supply unlike all other commodities which we can reproduce. Limited simply means there is a ceiling (on our planet). That says nothing as to how high or low that ceiling is.[/QUOTE]
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