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flipper1966 flipper1966 56-60, M 8 Answers Dec 14, 2013 in Doing Good

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Probably not. It's a natural resource. 17 years ago 10 grams of gold was worth about 100 USD. Now 10 grams of gold is worth nearly 400 USD. Currencies are also more stable when they are based on gold. Here is an interesting article:



www.forbes.com/sites/steveforbes/2013/05/08/heres-what-a-new-gold-standard-could-look-like/

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When scientists learn alchemy, or perhaps if we find a gold meteor.

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Transmutation of other elements into gold is possible and has already been done by scientists. It is just not practical for reasons other than experimentation (at particle accelerators and such).

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Only if the price of dollars goes up drastically.

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Perhaps someday; but don't forget that gold is an excellent conductor of electricity and that adds to its value. In addition, gold is the most maleable and ductile of all the metals, and has the highest corrosion resistance of all the metals. Lastly, it is an noble metal because it does not oxidize.

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Yes. The price goes up and down with the market. If you bought gold 2 yrs ago, it was significantly more expensive than today's price.

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Once they discover unobtainium nobody will want gold any more.

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I think the day will come,

When clean drinking water is worth more than gold....

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Whatever goes up has to come back down eventually.

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