Not exact matches
They tend to go for the
gold and the glitz and they end up getting too little time, no real help, and nothing else
of any
actual value in the bargain.
, Jedrzej Bialkowski, Martin Bohl, Patrick Stephan and Tomasz Wisniewski measure deviations
of actual gold price from its fundamental
value to identify
gold bubbles.
They then apply a regime - switching test to estimate whether deviations
of actual gold price from fundamental
value enter bubble territory over their sample period.
The nation's
actual, annual deficits are roughly $ 1 trillion per year, more than three times the
value of the entire
gold reserve.
Also, when you buy jewelry, you are paying for the jewelry store with all its overhead (rent, salaries, security, insurance, profit etc), the design
of the piece and the workmanship which can add up to a nice chunk
of the
value of the piece beyond the
actual gold.
For example, I used it in a case where someone fraudulently sold ditch company shares worth several hundred thousand dollars (in Colorado, water is
gold) that he didn't own (a transaction that could not be unwound because the buyer was a bona fide purchaser for
value and the seller had apparent authority as a trustee
of a trust owning the shares even though he didn't have the
actual authority to sell them under the trust) and then spent the money he received before he was discovered (if I recall correctly, for gambling debts).
Unlike
actual, real
gold, which has held
value in the eyes
of civilized people since before Christ, we could all pretty much agree tomorrow that Bitcoin was worthless without it really affecting anything.