Why Not Other Valuables (part 2)

May 1, 2012

While my primary argument will always be that gold and silver have been accepted as money for the last 6,000 years of human history, there are still extra things that can be said about why only gold and silver, and why not other metals that are valuable.

A recent trend has shown value in two things: platinum and rhodium.

If you remember your recent thief history, rhodium was being stolen from cars’ catalytic converters. Rhodium is a pretty and durable metal which is why people find it valuable. It is usually used to go as an outer covering on both silver and white gold. Silver to make it more durable and avoid tarnish, and on white gold to make it luster or BLING! Extremely reflective and well guarded against the elements.

Rhodium’s main problem is that it is only used by jewelers. Sure, it is valuable (to jewelers), but it doesn’t serve functional purpose like silver (cell phone, refrigerator, microwave), and it doesn’t have the history that gold has. It’s only purpose is to cover gold and silver, and it has already had its run to value, and the only place it can go is down.

Platinum, while extremely valuable is just TOO rare. If platinum became the backer of money, it would be valued at MILLIONS per ounce, and South Africa would be the richest country in the history of the world as it is only found in South Africa.

All of these other precious metals, metals are valuable and will remain valuable, but will not see the spike of gold/silver simply because of the history. While from a collector’s opinion, yes they’re pretty and they’re neat, they won’t have the investment run (bubble) that gold and silver will soon have!

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