17 Nov
2009
17 Nov
'09
10:21 p.m.
Seth Morabito wrote:
Why is an ounce of gold worth $1000? Because
that's what people will pay
for it. It has no inherent use; you can't eat it, you can't live in it,
you can't keep warm with it. But someone will give you $800 for it and
come away feeling like they've got a great bargain indeed.
Bad example. Gold is quite useful, inherently.
Peace... Sridhar