[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 969 KB, 1538x1538, 20200524_063040.jpg [View same] [iqdb] [saucenao] [google]
19339669 No.19339669 [Reply] [Original]

Why don't people trade precious stone as much as precious metal?

>> No.19339690

>>19339669
fuck you faggot kys no one loves you

>> No.19339703

that's a

>> No.19339715

Someone will be along to give you misinformation on that matter shortly. They are used for transactions quite frequently though, you just don't hear about it.

>> No.19339756

stones are literally a meme. watch the netflix documentation

>> No.19339807
File: 327 KB, 1600x1290, vV916jR.jpg [View same] [iqdb] [saucenao] [google]
19339807

>>19339669
Fungibility.

>> No.19339829

>>19339807
that’s a sick ass fal

>> No.19339849

>>19339807
This would be my guess. It takes a trained eye to know how much a rock is worth. whereas an ounce of gold is an ounce of gold generally

>> No.19339892
File: 2.73 MB, 3600x5400, XIUREN-No.2133-Booty-Zhizhi-MrCong.com-089.jpg [View same] [iqdb] [saucenao] [google]
19339892

>>19339669
>>19339807
Synthetic stones are superior in industrial/tech applicationsp

>> No.19339894

>>19339669
Nothing that varies in value or isn't easily divisible can be used as a medium of exchange without a great deal of friction.

Metals melt, so you can basically take any volume and split it into any arbitrary fractions and use them, without altering the value of your asset. Try to cut your pretty ruby in half? The sum of both half's prices are less than the price of the original.

>> No.19339901

>>19339669
yeah needs to be fungible and people can make diamond out of coal you cant make new gold

also you need an expert to be able to judge the value and quality of stones, gold is gold. 9ct-24ct gold is easy for a brainlet to detirmine with simple test

>> No.19339919

IDEX
not the meme coin market shit
the stone market

>> No.19339930

You can easily turn metal into coins and then melt it back if you want, therefore it was historically better suited to be used as currency and more traded as a result.

>> No.19339946

>>19339669
Hi taf

>> No.19339975

>>19339669
>filename
is that you taf?

>> No.19340111

>>19339669
>precious stones
No value whatsoever. It’s all a Jewish trick to keep you from buying gold and silver.

>> No.19340432
File: 5 KB, 298x169, redpill.jpg [View same] [iqdb] [saucenao] [google]
19340432

What if I told you that metals are a kind of stone, hence the expression, "boomer rocks" or "shiny rocks."

>> No.19340519
File: 142 KB, 2048x1152, jsyu3p9xzlf41.jpg [View same] [iqdb] [saucenao] [google]
19340519

>>19339669
Why janny not delete all this gay porno

>> No.19340634

>>19339829
exactly what I thought