Author Topic: Discussion of Gold and All Items Pertaining to It  (Read 1194 times)

Walter Johnson

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Why, pray, are gold and silver good for you?

Golden Oxen

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Why, pray, are gold and silver good for you?

Hi Walter, too broad a question. Lot's of reasons ownership should be considered.

My favorites are to hedge against inflation or deflation. Inflation followed by deflation being my favorite scenario, but of course just an educated guess.  There are many other reasons of course, depending on individuals, their differing status, outlook, a myriad of reasons.

Perhaps if you could be more specific, I could be as well.

Walter Johnson

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But of course I speak of health benefits, and not in paying our doctors fees.

jdwheeler42

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But of course I speak of health benefits, and not in paying our doctors fees.
Well, to start with, the reason why gold is so valued is because it does not corrode, and that is because it is chemically inert.  Healthwise, that means that anything pure gold touching your body will not cause a reaction, most notably rings and teeth fillings.  Conversely, if you do get a reaction from jewelry, you can be pretty sure it is not pure gold.  Gold nanoparticles are also being investigated for delivering drugs.

Many health benefits are claimed for when you take silver and make it "colloidal", which means breaking it up into particles between 1 nanometer and 1 micrometer and suspending it in another substance, but they are of questionable value.  One well-documented and long-practiced use for silver is to inactivate bacteria in water, making it safer to drink.  This is why people started putting coins in fountains.

You can find more info at http://en.wikipedia.org/wiki/Medical_uses_of_silver and http://en.wikipedia.org/wiki/Colloidal_gold#Medical_research .

JoeP

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Hey GO, could I get your expert opinion on this coin?  Looks pretty cool to me.


Golden Oxen

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But of course I speak of health benefits, and not in paying our doctors fees.

Hi Walter, now I get it, look mostly to silver for health benefits.

I think JD covered the question quite well, the uses for silver in the medical profession are too numerous to mention, and every day I read something about it's powers of killing bacteria. Read an article a while back, sorry I cannot remember where, that  the giant Japanese manufacturers are coating washing machines, dryers, air conditioners etc with it. Seems it prevents Legionnaires Disease, and is powerful enough to kill the super Bug that has arisen in India. Some places are considering legislation that would require dentists to use silver dental tools only. Hospitals are installing special air purifiers with silver to prevent bacteria outbreaks as well. Water purification seen as very important as well, now and in the future.

My interest in  silver stems from it's monetary history, rather than it's medical, but I thank you for bringing this important aspect of silver to the forum.

Golden Oxen

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Hey GO, could I get your expert opinion on this coin?  Looks pretty cool to me.



It is a beautiful coin but an art object not a silver bullion item. I would only recommend it JoeP if i wanted to own it for it's good looks.

Silver is trading around twenty bucks and the premium of 500 % to it bullion value is quite excessive in my view.

I would prefer five of these to one of those for approximately the same price.  Beautiful coins as well but much more value for the money, five times as much silver.

                                                                   

                                                                   




JoeP

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Thanks for the lesson GO.  Sounds like if you're going to make a purchase based on beauty alone, there isn't much point in buying more than a single coin.