News for hackers. Stuff that matters.

A comment on Gold price rises above $2k for first time. Parent comment

Re:Gold price rises above $2k for first time by maerF0x0 on Wednesday August 05, 2020 @05:15PM (#24065679)
other pros * It's very divisible allowing smaller denominations

* It's soft enough to divide

* You can carry a lot of value in a small volume/weight

* It doesn't corrode (you can bury it, burn it) so it can be passed along generations

[ Parent | on HN ]
Re:Gold price rises above $2k for first time by fredfoobar on Wednesday August 05, 2020 @05:39PM (#24065935)
> * It's very divisible allowing smaller denominations

So, you're telling me that I go up to buy something that is worth .25 oz in gold with a 1 oz gold coin, I can break it up on the spot and hand it the cashier?

[ Parent | on HN ]
Re:Gold price rises above $2k for first time by maerF0x0 on Thursday August 06, 2020 @09:04PM (#24076991)
It's very divisible because (as i understand it) Gold can be reformed back into larger units after broken down... whereas some things (say diamonds) actually lose value as they're broken down. a 1 carat diamond is worth less than 1/2 of a 2 carat Diamond.

i've seen it go down to 1g of gold for ~$90 in today's prices.

[ Parent | on HN ]
Re:Gold price rises above $2k for first time by tenebrisalietum on Wednesday August 05, 2020 @07:21PM (#24066682)
You probably would need some scissors. Supposedly (at least according to Quora) you can mold it with your hands.

Of course this requires the gold coin is made of pure gold and not alloyed with another metal.

[ Parent | on HN ]