Diamonds, gold and silver
By momiecat
@momiecat (997)
United States
June 20, 2009 12:28am CST
I was thinking about these precious items we value so much in this world. If you live in the U.S., do you remember when there were silver dollars and dimes were made of all silver? Do you remember the wheat-backed pennies? I am wondering why over the years our government has felt it necessary to change the coins of our money. Is it that silver is getting scarcer and scarcer? I know they have tried to make the bills (dollar, etc.) better so they won't be counterfeited but what about the coins? Also wondering about diamonds. Do you think there are still an abundance of diamonds to be mined? What about gold? Is there still gold yet to be discovered? These things are curious to me.
1 person likes this
2 responses
@scarlet_woman (23463)
• United States
21 Jun 09
i think they have plenty of diamonds they're sitting on.they can drive up the price if people think they're as rare as they claim.
i think they probably cut the real metals out of coins to drive down the cost of making them.they were saying at one point,copper cost more to make a penny than the penny was worth.
@momiecat (997)
• United States
24 Jun 09
You are probably right. I would love to see how diamonds are mined. Everything is driven by the cost factor, which is too bad. I never thought of the copper cost to be that high, but I guess it is. So probably our copper penny is no longer all copper either? Interesting subject. Thanks for your thoughts.
@momiecat (997)
• United States
24 Jun 09
That is interesting to know Elic. I think it is too bad because I think the real stuff has much more character to it and is more of a historical piece now. I really wish they did still make them but I can see that it would be too expensive, like you say, that is the value of the coin itself would outweigh its actual worth. People would not spend them, just save them.
1 person likes this
