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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="quad" data-source="post: 16623803" data-attributes="member: 17952"><p>Gold is not very divisible. Someone can't afford your gold bar or coin? Are you going to cut it in half with a saw? lol?!</p><p></p><p>Gold is great for an Armageddon situation but then guns, bullets, water, food will be even more important. So if you think gold is going to be used for money then you are banking on an "end of society as we know it" scenario.</p><p></p><p>Also keep in mind gold has many uses. If gold's price goes up too much it affects many industries. Electronics, dentistry and aerospace costs will go up. There's motive for the price to be kept within reason. $50,000 per ounce of gold is not ideal. I think these are things Peter Schiff and other gold bugs fail to realize. Gold is now trading slightly higher than it's 2011 price. Yet the dollar has lost value since then. So people invested in gold actually now have less buying power.</p><p></p><p><a href="https://www.sbcgold.com/blog/top-6-common-uses-for-gold/" target="_blank">Top 6 Common Uses For Gold</a></p><p></p><p><span style="font-size: 18px"><strong>Electronics and Computers:</strong></span></p><p>Gold is a highly efficient conductor that is able to carry tiny electrical charges, and because of this property a small amount is found in almost all electronic devices, including cell phones, televisions, GPS units and more. Because gold is such an efficient conductor of electrical charges, it is also often found in desktop and laptop computers to transfer information quickly.</p><p></p><p><span style="font-size: 18px"><strong>Dentistry and Medicine:</strong></span></p><p>Gold makes for the best fillings, crowns, bridges and orthodontic appliances because the metal is chemically inert, easy to insert and nonallergenic. Gold has been used in dentistry since 700 B.C. and will probably continue to be the best option for replacing broken or missing teeth. In the medical field, small amounts of gold isotopes are used in certain radiation treatments and diagnosis.</p><p></p><p><span style="font-size: 18px"><strong>Aerospace:</strong></span></p><p>In the aerospace industry where reliable and effective technologies are key to survival, gold plays an essential role. Gold is used to lubricate mechanical parts, conduct electricity and coat the insides of space vehicles to protect people inside from infrared radiation and heat.</p></blockquote><p></p>
[QUOTE="quad, post: 16623803, member: 17952"] Gold is not very divisible. Someone can't afford your gold bar or coin? Are you going to cut it in half with a saw? lol?! Gold is great for an Armageddon situation but then guns, bullets, water, food will be even more important. So if you think gold is going to be used for money then you are banking on an "end of society as we know it" scenario. Also keep in mind gold has many uses. If gold's price goes up too much it affects many industries. Electronics, dentistry and aerospace costs will go up. There's motive for the price to be kept within reason. $50,000 per ounce of gold is not ideal. I think these are things Peter Schiff and other gold bugs fail to realize. Gold is now trading slightly higher than it's 2011 price. Yet the dollar has lost value since then. So people invested in gold actually now have less buying power. [URL="https://www.sbcgold.com/blog/top-6-common-uses-for-gold/"]Top 6 Common Uses For Gold[/URL] [size=5][b]Electronics and Computers:[/b][/size] Gold is a highly efficient conductor that is able to carry tiny electrical charges, and because of this property a small amount is found in almost all electronic devices, including cell phones, televisions, GPS units and more. Because gold is such an efficient conductor of electrical charges, it is also often found in desktop and laptop computers to transfer information quickly. [size=5][b]Dentistry and Medicine:[/b][/size] Gold makes for the best fillings, crowns, bridges and orthodontic appliances because the metal is chemically inert, easy to insert and nonallergenic. Gold has been used in dentistry since 700 B.C. and will probably continue to be the best option for replacing broken or missing teeth. In the medical field, small amounts of gold isotopes are used in certain radiation treatments and diagnosis. [size=5][b]Aerospace:[/b][/size] In the aerospace industry where reliable and effective technologies are key to survival, gold plays an essential role. Gold is used to lubricate mechanical parts, conduct electricity and coat the insides of space vehicles to protect people inside from infrared radiation and heat. [/QUOTE]
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