Quote Originally Posted by OhOh View Post
Quote Originally Posted by CaptainNemo
Palladium (and other things) are more valuable than gold... gold has a "folk value".
Have you ever tried selling Palladium in Timbuktu, Delhi, Doha, Shanghai ...... every city has a jeweller or pawn shop but they dont take Palladium. Palladium is worthless unless you are a manufacturer and then in only small quantities. f you think Gold is a bubble look at the "rise" in Palladium prices.

Gold has a "folk" value because everyday "folk" will trade for it. To take it to a scenario you may recognise; ask your local bar girl what she will trade for it.
...proving Takeovers point about value being relative.

As you say, it's a folk value because people who don't understand what value is, value it.
Why would anyone waste gold on a bar girl? Spray some pebbles with gold spray paint, that should fettle 'er.

You're right, of course, I should have picked Platinum or Rhodium, Palladium's not so hot these days, due to the Soviet stockpile dribbling out.
Value is like AC rather than voltage, and people on the downward slope of Gold bubble end up transferring wealth to those backing an out-of-phase bubble, ready to catch more of that stardust on the way up the next bubble.

Sounds like those places might be good spot to buy some Palladium then.