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This guy doesn't like precious metals.
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<p>[QUOTE="Troodon, post: 1635935, member: 4626"]Um, point being? What do stock exchanges have to do with the supposed manipulation of precious metals prices by governments? Are you saying governments manipulate stock prices too? And even if they do, what does that have to do with the topic at hand?</p><p><br /></p><p>I don't think it's relevant, but to answer your question: stocks and equities are an interest in a business, and their value is based on investors' appraisal of the businesses' potential profits. Precious metals are commodities that derive their value from their intrinsic worth. Both prices are determined by supply and demand, but stock has zero intrinsic value, if a company goes out of business, its stock becomes worthless. Gold has never been worth zero since humans have assigned a value to it. I suppose if someone finds a mountain made of pure gold its value would plummet, but there's no Gold Inc. that would make gold worthless if it went out of business.</p><p><br /></p><p>Did you ever take economics in high school and/or college? This is pretty basic stuff here, just wondering.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 1635935, member: 4626"]Um, point being? What do stock exchanges have to do with the supposed manipulation of precious metals prices by governments? Are you saying governments manipulate stock prices too? And even if they do, what does that have to do with the topic at hand? I don't think it's relevant, but to answer your question: stocks and equities are an interest in a business, and their value is based on investors' appraisal of the businesses' potential profits. Precious metals are commodities that derive their value from their intrinsic worth. Both prices are determined by supply and demand, but stock has zero intrinsic value, if a company goes out of business, its stock becomes worthless. Gold has never been worth zero since humans have assigned a value to it. I suppose if someone finds a mountain made of pure gold its value would plummet, but there's no Gold Inc. that would make gold worthless if it went out of business. Did you ever take economics in high school and/or college? This is pretty basic stuff here, just wondering.[/QUOTE]
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