Forgot your password?

typodupeerror

Comment: Re:It's started... (Score 1) 297

by Dunbal (#43736711) Attached to: DHS Shuts Down Dwolla Payments To and From Mt. Gox
To be fair, I wouldn't mind storing my wealth in diamonds and rubies and silver, either. The problem with the stones is that the price is artificially kept high. The mark-up on jewelry is ridiculous. And of course diamond mining is an effective monopoly. So you pay what DeBeers wants you to pay - which is too much. But short of them dumping loads of diamonds and flooding the market, diamonds could be a fair way to store wealth as well. The problem with diamonds though is you either get a whole diamond or you don't. Gold can be cut up, shaved, powdered, and a precise weight handed over. Silver and aluminum are far too common. Although silver has also been a store of wealth, its value is always less than gold. And platinum is just too rare.

Comment: Re:It's started... (Score 4, Insightful) 297

by Dunbal (#43727205) Attached to: DHS Shuts Down Dwolla Payments To and From Mt. Gox
It's rare. It doesn't rust. It barely reacts with anything at all. It's highly malleable. It's ductile. It conducts electricity. It has plenty of desirable properties. The fact that it's a rare metal that will never corrode makes it perfect as a store of wealth. You can argue all you want with thousands of years of human history. You're still wrong.

"Jesus saves...but Gretzky gets the rebound!" -- Daniel Hinojosa (hinojosa@hp-sdd)

Working...