I'm not saying they're a bad investment, I just don't understand how a value is applied to them. How is a value applied to gold? For its industrial usage in electronics? Jewelry? I know they've been used for thousands of years, but who determines they're worth? If I decide gold isn't worth being used for jewelry because the only thing worth getting is a watch, do I get to decide on its price?
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Their value lies in their immutability and scarcity. You can always print more dollar bills, but it takes a lot of work to mine more gold. Similar to how real estate holds value, but every piece of land is different. With Gold or silver, every ounce is the same.
Diamonds are kept artificially scarce and artificially expensive, could it be the same with gold?
No they’re not. They are both rare enough to use as stores of wealth.
So who decides what a diamond is worth?
The Markets.
With silver, at least, they are manipulated to seem artificially plentiful! You can have unlimited hypothetical 'paper' gold and silver. It is not till people try to take physical possession of the metal that they can call the bluff.
Worth is determined by the marketplace. The marketplace is subject to manipulation.
Worth is determined by what someone is willing to pay for it. Try buying Gold or Silver at spot.
Precisely. Impossible.
What if the marketplace decides that gold is overrated?
The "marketplace" in this scenario (specifically, the stock market and COMEX commodity exchange) is irrelevant to your question. u/Donaldo2017 stated that the marketplace is manipulated (intentionally and by it's design, since it is a Cabal creation) and "value" is assigned based on worthless fiat currency. The marketplace is intentionally underrating the value of precious metals, in order to keep the majority of the public away from having valuable, tangible assets.
Don't think of how the "marketplace" over or underrates metals, but how humanity values precious metals. And humanity has valued precious metals for the last 2000+ years of history. I'll take that history over ANY other kind of currency, any day of the week and twice on Sunday.
https://www.youtube.com/watch?v=DyV0OfU3-FU
Start watching Mike Maloney's Hidden Secrets of Money parts 1-4 and he'll go over all of the questions you have.
But who ideally would decide on the value of precious metals? The People as a whole being the marketplace? For its uses in every day life?
Yes, exactly. Just as we have for thousands of years prior. They have always carried value. The YT link goes over the historical value and explains exactly why it's been valued by society.
Nobody knows what exactly our monetary system will look like after The Great Awakening occurs. But the US was on a gold/silver standard at the birth of our nation, so it's worked very well in the past.
In the event of a total societal collapse or "Mad Max" style scenario, yeah, metals probably won't be worth much over, say, weapons and food - basics we need to survive.
The dollar will hyperinflate causing us to go back to a Gold standard.
When this happens there will be a revaluation of Gold and Silver and those that are holding it at the time will be very happy. Those that don't hold it will not be able to get it because it will be snatched up by the people paying attention, which is happening right now.
Silver... every Green Car needs at least 2 oz.
Yes, you get to decide that you don't want to buy it, so you affect the global price of gold microscopically. Just like i will make the price go up microscopically if i buy some.
https://youtu.be/iFDe5kUUyT0?t=78
The main value proposition of gold is that it fulfills the idea of 'money' really well.
Store of value
divisible
can't be counterfeited (the most important part is that gov'ts can't print it)
easy to carry
Paper money is more divisible and easier to carry, but fails because you need to trust a gov't to not cause hyperinflation.
Should the paper currency go up parallel to the amount of gold available?
Only if it's a gold backed currency.
Ounces of physical silver can be traded for food. Grams and ounces of silver could very well become the underground community’s choice of trading currency.
Also good to have for trading, even if you don’t use them, are cigarettes and alcohol.
It already is. For the Canuck truckers we kept paying them in silver once Trudeau froze our accounts.
I knew those Canadians were smart ;-)
Plant a food forest and raise a few animals. That will never lose value.
I hardly have the strength to get up in the morning, no way I can do even indoor hydroponics.
Sorry to hear that. Prayers for all of us