The majority is not in Ft Knox. It's in federal reserves around the states.

It was SURVIVORS Frank (one of my favourite ever 'shows').

Oh well but it's not doing much good is it just lying there doing nothing.

Makes me think if the world came off the gold standard in the thirties in an attempt to boost world trade if it has worked.



Thanks Fred well I am older than you.



Still can,t see the reason it is so valuable to be honest I think I,d rather have a week in Benidorm than spend the same amount on a bit of jewellery.

The reason is because gold has value.
It doesn't rust away, you can't burn it (unlike diamonds), you can get your mits on it and is independent of nations' currency fluctuations.
Its traditionally "safe" investment because people trust it to hold value and it can be traded on all currencies unlike cash which will evaporate because of inflation or governments issuing bonds (like Gordon Brown has done - note parity with the euro).

For some reason, many human beings value gold (but not you it seems, Frank). But more importantly...governments value it.
Its a tangible item...unlike credit default swaps, securitised assets and the other dodgy instruments that practically bankrupted the Western world.

Quite right Paul. Just got home from a scruffy part of Salford. Seems gold is usefull in treating athritis and electrical stuff (had it been down to me I would use platimun).

Better to use paper maybe . Gold really doesn,t do a lot for people explain why American dollars do ......................just pieces of paper aren,t they ?

wish I had some to sell

Gold is valuable because it is totally worthless , it has no use whatsoever , unlike virtually every other metal in the world

Wierd

I thought here in the West we used gold to buy oil ? Doubt it somehow.. Maybe the reason the Americans get theirs with about 90 pieces of paper with one of their former presidents' face on is because folk are daft.

Water will be more valuable than gold eventually, Course I,ll be gone by then' but it will happen.

Anyone think Tuesday's game will be on ?

You been watching a James Bond movie Frank



Well if it isn't because the bloody path over the bridge is not safe again , I'll go bloody mad

James Bond? Sounds more like the Book of Revelation to me!

[url=http://viewtopic.php?f=11&t=440367Also on the Sin Bin, a sort of personal experience[/url

Quote ="Starbug"Gold is valuable because it is totally worthless , it has no use whatsoever , unlike virtually every other metal in the world Wierd '" try this then................ geology.com/minerals/gold/uses-of-gold.shtml

Quote ="Starbug"Gold is valuable because it is totally worthless , it has no use whatsoever , unlike virtually every other metal in the world Wierd '" try this then................ geology.com/minerals/gold/uses-of-gold.shtml

i hear Leigh RL are waiting for the adverts for silver so that they can flog off the hoards of silverware they have won over the years

Gold is probably the best conductor of electricity that we have naturally. Anyone who is up there with their hifi will tell you that the best speaker cables have gold in them. The best mechanical micro switches have gold contacts.

Quote ="Paul_Lyon"try this then................ geology.com/minerals/gold/uses-of-gold.shtml'" So basically they have started to find uses for gold in the last 20/30 years, I do not consider jewelry or the cosmetic usage of gold teeth,Gilding and the like to be a use , as a mineral it has been mined and valued for centuries , so eventually they will find a use for it Until recently it was basically useless

Quote ="Paul_Lyon"try this then................ geology.com/minerals/gold/uses-of-gold.shtml'" So basically they have started to find uses for gold in the last 20/30 years, I do not consider jewelry or the cosmetic usage of gold teeth,Gilding and the like to be a use , as a mineral it has been mined and valued for centuries , so eventually they will find a use for it Until recently it was basically useless

In evolutionary terms you could say the same for the human race. Gold as an element has had a lot of varied uses over the years in medicine.

The last 20/30 years , as I said , for centuries it has had huge value but been useless

Utter and complete marketing B****cks.

Sorry it's a fact. Gold is used extensively in high spec electrical components and products but your comment is utter and complete whatever you said.

You dont disagree with my comment though ?

No I don't disagree but I think there are records of gold being used in medicine as early as the 1400's. The other factor is that it hasn't been mined as extensively as it has in the last century. From it's very early mining it was predominantly used for ornamental things.

Golds main appeal traditionally is that it is a very simple metal to work into ornate shapes but is relatively scarce, making it the ideal material for adornment. It is also non reactive to human skin, so that also appeals, and doesn't corrode.

El;ectrically it has been used for over 100 years as a conductor, but not to the same degree that it is used now, as it is pretty much the perfect conductor.

Always prefered Andre Privett myself since his appearance on Morecambe and Wise

Don't you mean Andrew Preview?

I think you'll find he had all the right letters, but not necessarily in the right order.