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Chart of the day

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    Chart of the day



    Source: Bricks vs. Bars: The Housing/Gold Ratio | Gold News

    #2
    This one's interesting, but the x-axis could be a little confusing for some.



    Source; Church of the Flying Spaghetti Monster.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

    Comment


      #3
      Gold and GBP are both things that measure value, so comparison is like for like.

      In your example you use unrelated items and also use typical statistical trick to start axis at higher value in order to show more dramatic change.

      Comment


        #4
        Excellent news for a prospective property buyer like yourself AtW.

        Now, please tell us, how many bars of gold do you own to buy this magnificent property with?

        Comment


          #5
          Why is gold valuable?
          Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

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            #6
            Originally posted by DimPrawn View Post
            Now, please tell us, how many bars of gold do you own to buy this magnificent property with?

            Sod property. I've found some gold bars that get a man all the favours he can want.

            And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

            Comment


              #7
              Originally posted by gingerjedi View Post
              Why is gold valuable?
              It's shiny. Also heavy.

              Heavy is good, heavy is reliable. If it doesn't work you can always hit them with it.

              HTH

              Comment


                #8
                Originally posted by DimPrawn View Post
                Now, please tell us, how many bars of gold do you own to buy this magnificent property with?
                Yes, gold is a good investment but I've got better...

                Comment


                  #9
                  Originally posted by gingerjedi View Post
                  Why is gold valuable?
                  Because it is extremely rare, can't be created from thin air, does not degrade over time and is traded and accepted as a store of wealth around the globe. Romans, Greeks and Egyptians traded it 1000's of years ago for the same reason.

                  Land has the same characteristics as do rare cars, paintings etc.

                  Think of two people 200 years ago.

                  One has a ten pound note and the other a bar of gold or 10 acres of land or a Monet.

                  Which one now is the wealthiest?

                  Comment


                    #10
                    Originally posted by gingerjedi View Post
                    Why is gold valuable?
                    Because the newly rich don't appreciate the subtle, understated elegance of silver or stainless steel.
                    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

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