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Friday May 28, 2010 09:38
by Pierce Farrell
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Comments (8 of 8)
Jump To Comment: 8 7 6 5 4 3 2 1its not the peoples gold. its FG gold which they will no doubt sell off along with everything else in a firesale to their capitalist friends in return for a payment into an anonymous numbered swiss bank account. Plus ca change.
Its not 300 gold deposits its 300 gold occurrences. These could just be low grade gold in a boulder.
There are more than 300 gold deposits in Ireland.
Don't ask a geologist where they are though.
Ask a banker.
Lots of things are hard to find but their rarity doesn't make them valuable . Expensive perhaps , but price isn't the same thing as value . Gold has value because of the amount of labour expended in its extraction and production . The type of labour needed to produce an ounce of gold has remained fairly consistent over the years .This consistency makes gold a good measure of other values which are also measured by the amount of labour expended in their production.
I am with you there prospecor.
Gold has an annoying tendency not to corrode in oxygen.
Tutehkamun's mask still shines brightly after thousands of years.
gold is also valued because it is very inert (doesn't corrode) ductile and highly conductive (useful for tiny wires and circuit connectors) and very malleable and pretty (great for making jewellery)
Gold is a natural element which can only be created in Supernovae.The Irish landscape is full of gold.Gold is valued only because it is hard to find.
I wonder which environmentally destructive private companies we are going to hand this particular natural resource over to?