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Friday, 2nd March, 2012, 02:07 AM #1
Lama (Lvl 13)
Gold Trading Higher Than Plantinum
I was just looking to see if there was anyone who had produced poker chips for D&D coloured with copper, silver, gold, and platinum paint when I decided to take a look at the actual prices of metals. Maybe it is a sign I have been D&D for too long and am out of touch with reality, but I was flabbergasted to find on the TSX that gold is trading for like $10 more than platinum? Like, what the frak, World? What the frak?!-Kaodi
Good name in man and woman, dear my lord,
Is the immediate jewel of their souls.
Who steals my purse steals trash; 'tis something, nothing;
'Twas mine, 'tis his, and has been slave to thousands;
But he that filches from me my good name
Robs me of that which not enriches him
And makes me poor indeed.
-Iago, Shakespeare's Othello, Act III. Scene III. Lines 180-186.
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Friday, 2nd March, 2012, 02:10 AM #2
Time Agent (Lvl 24)
That's because of a combination of rampant speculation + gold being more useful as an industrial metal than platinum. Things are nuts right now as investors are trying to hedge against uncertainty and China and India are ramping up their tech sectors.
Friday, 2nd March, 2012, 02:34 AM #3
Defender (Lvl 8)
Freakin' things being worth what people will pay and having no inherent value or comparative value. Makes commerce so complicated.
Friday, 2nd March, 2012, 02:41 AM #4
I blame 'em gnomes.
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Friday, 2nd March, 2012, 05:37 AM #5
Waghalter (Lvl 7)
I hear druids will give you a very good exchange rate for plantinum...
The Incomparably Shrewd and Clever
Friday, 2nd March, 2012, 06:15 AM #6
Myrmidon (Lvl 10)
The dollar is being devalued at an alarming rate, so people are buying gold so as to not lose their wealth.
Part of it is that so many people are buying it (driving up the price), but part of it is that the dollar is just getting to be worth less and less, so it takes more dollars to buy the same amount of gold.
Same reason selling scrap metal is so lucrative right now...
Friday, 2nd March, 2012, 09:20 AM #7
Defender (Lvl 8)
Friday, 2nd March, 2012, 10:41 AM #8
Thaumaturgist (Lvl 9)
The dollaris not loosing that much value and I don't see how dollar values vs other currencys would affect a commodity traded in dolars.
However, gold is in the midst of a speculative bubble right now.
Friday, 2nd March, 2012, 08:36 PM #9
The Grand Druid (Lvl 20)
My company makes class rings, so we closely follow the gold prices. It fluctuates, and is usually below the platinum price. But today it happens to be above.
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Saturday, 3rd March, 2012, 05:22 PM #10
Guide (Lvl 11)
Maybe this is why D&D is going back to the silver standard and gold is the new platinum.
Game on, gang!
Ptolus #15 (with customized, personalized sig from Monte.), Rappan Athuk Reloaded #37 (The Necromancer way.)