To: nathanbedford
The value of gold is mainly based on psychology and psychiatry, and not on economics or physics.
To: varmintman
The value of gold is mainly based on psychology and psychiatry, and not on economics or physics.
Do you mean like paper fiat currency? Can you a provide a link for that claim?
28 posted on
01/21/2014 1:51:42 AM PST by
PA Engineer
(Liberate America from the Occupation Media.)
To: varmintman
In the factory we make cosmetics, at the counter we sell hope. … Charles Revson, founder of Revlon Cosmetics.
The elements of human nature at greater or lesser degree go into establishing every market and the value of every product, that is part of what makes economics the "dismal" science.
29 posted on
01/21/2014 4:02:36 AM PST by
nathanbedford
("Attack, repeat, attack!" Bull Halsey)
To: varmintman
The value of gold is mainly based on psychology and psychiatry, and not on economics or physics.
That is utter nonsense. Gold is used in electronics and jewelry, among other things. It has a use and a value much the same oil does. Or do you think the price(value) of oil is purely psychological too?
31 posted on
01/21/2014 5:34:57 AM PST by
Red in Blue PA
(When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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