Lessons from the financial crisis | 83 comments (83 topical, editorial, 0 hidden)

Re: Whether the USD is overvalued, undervalued (none / 1)

Precious metals don't have nearly enough industrial applications to be critical to the actual production of goods and services.

I suspect that it is so mainly because they are precious which means that they have only been used where it is cost-effective despite the preciousness. So in another timeline they could have had much more applications.

Gold - Wikipedia, the free encyclopedia

Gold produces a deep, intense red color when used as a coloring agent in cranberry glass.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Wed Apr 27th, 2011 at 03:25:16 AM EST
[ Parent ]

Re: Whether the USD is overvalued, undervalued (none / 1)

Well, yes. But it hurts way less to continue to not use a substance that your economy has not become dependent on than it does to stop using a substance that it has become dependent on.

(Another of those little details left out of the orthodox liturgy by the initial assumptions in that box on page 3 that nobody reads.)

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Apr 27th, 2011 at 04:40:31 AM EST
[ Parent ]

Lessons from the financial crisis | 83 comments (83 topical, 0 editorial, 0 hidden)

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