ShowerThoughts #1: Precious Metals

in #asksteem • 6 years ago (edited)

The logical conclusion of precious metals is that all of them will be replaced by material sciences sooner or later, as time approaches infinity. So are they long-term investments?

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6 years ago in #asksteem by
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     6 years ago 

    They've been around for many centuries if not millennia, so you can view it as on the verge of being replaced or irreplaceable. Tough situation.

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     6 years ago 

    Depends on what you define as long term. For you that is.

    Is long term = millions of years after you die?

    Then, yes.

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     6 years ago 

    material science is out of step with suply and demand. The ability to manufacture a produft ad infinium would create a worthless object. Thus, naturally occuring minerals will hold intrinsic vale

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     6 years ago 

    Maybe naturally occuring minerals can be "unnaturally" manufactured?

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       6 years ago 

      Sure they can, right they already are but their value isn't really near the original. I am thinking science made diamonds. Im not sure if/when they can make the other stuff..

      You know what I do like as an investment that has the implication of limited demand, cryptocurrency..

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       6 years ago 

      look into tau (i've been writing about them)

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         6 years ago 

        Well i intend to live forever therefor anything under 1000 years is a short term investment for me.

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           6 years ago 
          1. Being able to purify minerals out of ore with vibrational means. In other words, extracting easily, the mineral you want. Got a pile of iron pyrite, well, 1/13th of it is gold, so you can basically get almost all the gold you want.
          2. Being able to create minerals out of plasma. So, if you want some gold, you start with plasma and add the vibrations that are gold, and viola, you have as much gold as you want.

          So, you are correct, in the future gold will have almost no value.
          And as a monetary metal, it will have very little value in the near future.

          1. Gold will spike as the currencies collapse. Gold will buy food. People in america will be out panning for gold to buy food, just like they are doing in Zimbabwe now.
          2. Gold prices will stabilize along with cryptos at atmospheric prices
          3. Gold prices will collapse as the next version of cryptos comes out. Gold will be shown to be a very poor form of money. And a very poor store of wealth. (it will be mathematically proven)
          4. Gold prices will be almost zero except for jewellery. As people wake up to the knowledge that the controlling families control all the gold, and have been hoarding it for centuries. No one will touch that gold as payment.

          This will happen over a short time, probably not more than a generation.

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             6 years ago (edited)

            I think crypto is the new precious metal, bitcoin being the costliest metal!

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