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Author Topic: What is the most expensive commodity at the moment?  (Read 44 times)
ngamuk tok
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August 17, 2018, 03:18:23 PM
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What is the most expensive commodity at the moment? besides gold and diamonds.
and is bitcoin included in it? please share your knowledge about this.
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August 17, 2018, 06:26:29 PM
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Many other commodities whose prices exceed gold are new bitcoin technologies because currently 1 Bitcoin is more expensive than 1 ounce of gold and now bitcoin crypto is the most popular in the world.
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August 17, 2018, 06:55:06 PM
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Aside from gold and precious stone, food are becoming more and more expensive, new gourmet are now finding new ways of cooking meats with extra care and powerful techniques that make food taste as extra ordinary.... And restaurant sell it as one Bitcoin per plate...
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August 17, 2018, 07:02:13 PM
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It depends on how many karats does gold have, and how big diamond is, bitcoin is a virtual currency and because of it's volatility and being unregulated is a factor that it has an undeprictable price which can overthrew prices of gold and diamonds. 

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August 17, 2018, 07:10:50 PM
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I think that the bitcoin is included because gold is compared to bitcoin but as we all know bitcoin may be included or not is because of bitcoin's unpredictable price.
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August 17, 2018, 07:15:48 PM
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There's no good way to tell if a commodity is "expensive" or not, unless you're looking at previous prices.  Oil isn't at its all-time high, nor is bitcoin, nor are precious metals.  If you were talking about the stock market (which you're not), you could look at price/earnings ratios, and that would tell you if a stock was expensive because there are yardsticks people measure that by.  Not so in the commodity market as far as I know.  If anyone can educate me about that, I'd love it.

Bitcoin is pretty expensive IMO if you compare it to 2010.  This is relative, though.  If it hit $100k in 2025 we could look back and say it was cheap in 2018.  It's kind of a weird question.

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August 17, 2018, 07:49:21 PM
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Most likely some sort of diamond. Some diamonds of the rarer kind go for insane amounts a gram. Of course, the problem is they are often faked, so the market is most likely inaccurate, rigged, since they are very hard to discern from the real deal. See:

https://en.wikipedia.org/wiki/Synthetic_diamond

Another reason to hold Bitcoin above other assets.


There's no good way to tell if a commodity is "expensive" or not, unless you're looking at previous prices.  Oil isn't at its all-time high, nor is bitcoin, nor are precious metals.  If you were talking about the stock market (which you're not), you could look at price/earnings ratios, and that would tell you if a stock was expensive because there are yardsticks people measure that by.  Not so in the commodity market as far as I know.  If anyone can educate me about that, I'd love it.

Bitcoin is pretty expensive IMO if you compare it to 2010.  This is relative, though.  If it hit $100k in 2025 we could look back and say it was cheap in 2018.  It's kind of a weird question.

The most expensive stock has to be Berkshire Hathaway A. I remember in 2008 it had a massive crash from $150,000 to $75,000 and people were tripping and thinking everything was going to 0:



Ten years later and it has finally crossed the $300,000 line:





You can look at that all time graph and get an idea of how the BTC all time graph will be in 20 years, the good news is we can get at near the bottom.

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August 17, 2018, 08:39:54 PM
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I did a Google search of the most expensive and the search result that was returned had one interesting item, which was edible gold. For real, I never knew they was such a term as that.
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August 17, 2018, 08:50:50 PM
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Many other commodities whose prices exceed gold are new bitcoin technologies because currently 1 Bitcoin is more expensive than 1 ounce of gold and now bitcoin crypto is the most popular in the world.
It also depends on how people perceive it to be goods. Diamonds, may be more expensive than gold. And rubies can also be more expensive than diamonds. But if it's real estate, it's more expensive than all. I think so.

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aoluain
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August 17, 2018, 08:54:01 PM
 #10

I would have thought saffron would be the most expensive commodity. Its certainly more
expensive than Gold and yes bitcoin can be considered as one of the most expensive
commodities in the world. Amazing when you think it is not a physical item.

Jaycee99
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August 17, 2018, 09:39:33 PM
 #11

What is the most expensive commodity at the moment? besides gold and diamonds.
and is bitcoin included in it? please share your knowledge about this.
Here a near fact from someone I know:
 Smiley

Basing from the informations that I got before, which means someone  told me or I heard it from the news that silver is the the espensive some as well because of this one when nack than the gold itself was the number one best use to make products.

I did a Google search of the most expensive and the search result that was returned had one interesting item, which was edible gold. For real, I never knew they was such a term as that.

Also dear OP ngamuktok you have a word bitcoin here but besides that you can also search google for reason that this person could tell it from the google but not like mine my information was a person or rather the news itself.

___________.


Stil, Come to think about it bitcoin is the new Gold in todays history/era and because it is common you know and see the reason that bitcoin got to help people and make everyone rich way back before bitcoin started.
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