why is it that gold is worth so much, who was the one in the first place who said its worth money????
954484
Gold is actually a consumable / commodity.\n\n75% of the gold produced is used in jewellery the rest is for industril application (Circuit board etc)\n\nThe recent price hikes have been fuelled by demand for jewellery in the far East mainly India and china, People there now have money to spend and in some cultures it is a traditional wedding gift...... Any way the demand for gold in this part of the world has greatly increased hence the s"supply and demand" scenario. \n\nQuite often the gold used in industrial processes is recycled, but jewellery isn´t, It only retains its sentimental Value and quite often people are buried with it or pass it on to there heirs. So if you bought a €1000,00 bracelet today, you would probably only be able to sell it at scrap prices, as no one wants to buy second jewellery. \n\nBut anyway,  WHAT about De beers:   Diamonds are the most common natural resource on Earth.  Yet Why are dimanonds so expensive, Well, De beers, has a monopoly on the diamond trade, if they do not control a diamond mine, they agree to buy all the diamonds, so as to restrict market supply, if all the diamond mines currently in operation were to sell openly, the price of diamonds would crash, probably making them no more expensive than the piece of quartz in your €5,00 argos watch. Hence they have to restrict the supply of diamonds to the market and actually do have incredible stock piles of the stuff, but what is interesting is the fact that the monopolies commision has not seen fit to investigate the diamond trade............. Hope this makes sense,................ and doesn´t sound too much like a conspiracy theory......\n\nremember,,,,  Paranoia is having all the facts.
299782
150 years ago, $10,000 was a considerable amount of money. For example the government was selling land for 50 cents an acre then. There was one catch. They would sell it only for gold. So unless your $10,000 was in gold coin, you would have to convert your money to gold. There were money changers that provided that service for a substantial fee. Paper money back then was not worth a great deal even though the bill might say $1000.  That is probably why the government would not accept it.
969845
definitely not, a person's value is measured on the way he had lived his life whether it is profitable to other people   or not  in terms of moral standards,and not necessarily the amount  of money left behind,  it is said a good name is better than silver or gold.
468237
The value of precious metals, as well as gems, are based on their rarity. It may seem like there is a lot of gold all around us, but the amount of gold available on the earth is finite. Other metals, like platinum or even rarer. Gold has always been precious because it does not tarnish or rust. \n  The world's economic system no longer relies on just precious metals. If it were, it would be a disaster. During WWII, dollars were issued not on what they were actually worth in gold, but what the were promised to be worth... and we know how governmental promises work. Then other governments issued their money based on what our money was worth... pretty soon all money was going to be worthless.  Now each country's economic system is based on all its assets, including industry and natural resources. That is why money values fluctuate so much every day.
468543
acquired great wealth in jewels and gold
244798
The real value of any currency is measured by checking it against the price of gold in that currency.  This is the only litmus test of real wealth that can be easily measured.  As of right now $1.00 is worth 1/545 of an ounce of gold.  \n\nAnother way to check was with something called the M3 index, which is just a count of all the US currency in circulation and in reserve in the world, but the Treasury Department just recently stopped reporting that number presumably so nobody would panic when the dollar gets wasted in the world economy soon.
77033
Who said lot of women love money.
517760
FIRST OFF...WHAT THE HECK IS THIS QUESTION DOING IN THE MATHEMATICS CATEGORY?!\n\ngold represents several things in this poem...\nfirst green is gold...(could be: first money (green) was based on gold, or could be that when trees sprout fresh (INNOCENT) leaves from branches they look tan/gold.)\nas autumn turns leaves to gold, they die and fall off...\nlight (as in golden sunlight) will always fall each day...\n\nbasically, it is saying that although gold (innocence) is the most precious commodity, you cannot hold onto it because it is always bound to go away...
796396
Tricky, I think its bad judgement especially because of what she told you about gold digging, but at the same time she's living.  Shes a grown 50 year old woman with lots of experience in life and I'm sure she's more than aware of the consequences of the decision she made.  I wouldnt be concerned, but like you said, shocked and taken back.Maybe he's the type of guy who doesnt take no for an answer and she felt forced into taking the money...who knows
1170135
Gold and oil are denominated in U.S. Dollars, and inversely proportional in price.\n\nThrough most of this decade, you've seen a steady erosion in the Dollar, as the price of gold and oil have risen.\n\nOther Reasons\nNow that central banks of foreign countries like Switzerland and Great Britain have stopped selling tons of gold, the supply has lessened while the demand has picked up. \n\nOnce price launched into an uptrend, others escalated it.\n\nMore Reasons\nThis is the scariest market I've ever seen in the 20 yrs I've been watching it. Just name one thing that is stable; can't do it. The escalation in the price of gold is partly due to a flight to safety.\n\nMore Reasons\nIf you were Sadam Hussein or Osama Bin Laden, where would you invest your money if you were trying to destroy the economic centers of the world, and your own economy was at risk? If you were a Russian politician bilking hundreds of millions out of the foreign loans from other countries, where could you possibly hide that money where it is safe? \n\nWhat currency is good in all the world, doesn't vanish when burried or tarnish or waste away or burn or get eaten, and has a base value through which it cannot go? Gold.
252972
DOLLARS WORTH OF PENNIES ~ TOMMY ROE\n:) ENJOY\nhttp://www.encorerecords.net/or-r.htm\n\nTHANK YOU SMOKEATER430 ;)
8083
In recorded history (based on $/millions/billions) Rockefeller still remains the richest at around $190 Billion - http://www.guinnessworldrecords.com/content_pages/record.asp?recordid=54516\n\nBut that is only based on recorded history - if you go back some time - hardly any comparison could be made. At times it was the vastness of your land, no. of women, Cattle, gold or jewels or soldiers. Anything could be used to measure richness - the paper money was not in existence - it was more like barter system.\nIn a region where cattle was considered to be a sign of richness they would hardly part with cowdung for a ton of gold! Today we are able to compare rates betweeen various currencies & the job becomes easier!
195495
Gold is sold by the ounce. Find out the cirrent market value for gold and that's where you get your price.
32792
that question is for the gold diggers!
322850
heart has been associated with emotional life. Gold is a valuable metal. Don't think it goes further than that. Somewhere in time somebody linked the two together. some mediocre writer?
475589
the one that has the money??
457987
Nowhere as all of the evidence says that it's not credible that he had it in the first place. It seems like yet one more story that is so common when a country is defeated. A story that gives hope that all is not lost. The confederacy in the US has such a story about gold taken to another place in order to finance a return. There are stories of the same with Nazi Germany. Throughout history, same story. But if someone ever did get away with it whatever the period you can bet no one would ever know as they wouldn't want someone coming after them for it later.