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Why Do Precious Metals Have Value?

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Valued Member
chris beatie's Avatar
344 Posts
 Posted 10/12/2011  10:03 am  Show Profile   Bookmark this reply Add chris beatie to your friends list Get a Link to this Reply

Quote:
Yeah, I don't think it is just scarcity and supply/demand. There are a lot of things that are scarce that are not valuable.


Yes but name something rare that is highly demanded that is not valuable?

My poops are rare at times, sometimes they are red, other times green and I only produce a few of strange color a few times a month. However even with their rarity nobody wants them.

Vincent Van gogh he produced paintings about on par as my rare body excrement, perhaps a few a month. However people DO want them. Therefore the rarity combined with the demand will drive prices.
Valued Member
odentheviking's Avatar
United States
425 Posts
 Posted 10/12/2011  10:33 am  Show Profile   Bookmark this reply Add odentheviking to your friends list Get a Link to this Reply
Quote: "My poops are rare at times, sometimes they are red, other times green and I only produce a few of strange color a few times a month. However even with their rarity nobody wants them.

Vincent Van gogh he produced paintings about on par as my rare body excrement, perhaps a few a month. However people DO want them. Therefore the rarity combined with the demand will drive prices."

But maybe like Van Gogh, your "Poops" will only be worth something after you are dead and gone! (Which from the sound of it may be any minate now!). I have to say that you really lost me comparing priceless paintings to your "BM", while talking about "PMs"........(now I am not going to be able to eat my breakfast!).

Valued Member
odentheviking's Avatar
United States
425 Posts
 Posted 10/12/2011  10:40 am  Show Profile   Bookmark this reply Add odentheviking to your friends list Get a Link to this Reply
Quote: "Yes but name something rare that is highly demanded that is not valuable?"

Honesty and Respect for starters!

Valued Member
chris beatie's Avatar
344 Posts
 Posted 10/12/2011  11:25 am  Show Profile   Bookmark this reply Add chris beatie to your friends list Get a Link to this Reply
Honesty and respect have value :D. just not physical value .
Edited by chris beatie
10/12/2011 11:40 am
Pillar of the Community
nod2003's Avatar
United States
3294 Posts
 Posted 10/12/2011  11:30 am  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
Original Star Wars figurines. They might be rare and highly demanded by others, but that has a minimal impact to me who just sees them as toys.
Valued Member
chris beatie's Avatar
344 Posts
 Posted 10/12/2011  11:42 am  Show Profile   Bookmark this reply Add chris beatie to your friends list Get a Link to this Reply
Well there are lots of things that are valuable to some but not to others. Like the elvis albums, star wars figurines, cars, heck just about anything.

But if someone finds a item valuable and you know where to find that person then the item has value.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 10/13/2011  12:39 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I often have had people who want to sell stuff like baseball cards say "But it's worth $150". My reply is "who offered you $150 for it?" This invariably leads to "But the book says...", at which point I tell them the address of the writer is in the book, I'm sure they'll be happy to buy it from you, have a nice day.

If you want to find what something is "worth", take $100,000 worth of it and try to sell it. If it's PM, you should be able to get $98,000 or so. Now see what offers you get on $100,000 "worth" of something else.
Valued Member
chris beatie's Avatar
344 Posts
 Posted 10/13/2011  4:59 pm  Show Profile   Bookmark this reply Add chris beatie to your friends list Get a Link to this Reply
Although Nod about star Wars stuff. 2 months ago I bought 6 star wars silver rounds. each round was 1 oz each and theres 6 in the full set. I paid 200 total for them. sold them 2 weeks later for 800 :D.

So sometimes Star Wars can bring you lightyears ahead :D
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 10/14/2011  12:47 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I bought an entire closet full of *Wars stuff from a collector. Sold a couple 12" unboxed figures for about twice what I paid for everything.
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Ed_B's Avatar
United States
4008 Posts
 Posted 10/14/2011  6:23 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
I bought an entire closet full of *Wars stuff from a collector. Sold a couple 12" unboxed figures for about twice what I paid for everything.

Sounds like a nice KA-CHING! to me, Fredd. Good job!
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