Odd Lots This Is Why People Are So in Love With Gold
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Feb 14, 2025 
Maksud Agadjani, founder of TraxNYC and actor from Uncut Gems, dives into the fascinating world of gold. He discusses the factors driving its skyrocketing prices and explains why gold remains a coveted asset with cultural and psychological significance. The conversation touches on gold's appeal amidst economic uncertainty and its symbolic status as a luxury item. Maksud also shares insights on the jewelry market's dynamics, including the rise of lab-grown diamonds and consumer behavior in a competitive landscape.
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Gold as a Status Symbol
- Gold is for people with surplus money who aren't struggling.
- Historically, it became a status symbol, accumulating with the wealthy.
Gold and Power
- Joe Weisenthal mentions a piece he wrote on gold's history.
- It was intertwined with power, requiring a strong military and labor to acquire.
Gold's Immortality
- Gold's value is partially derived from its immortality, as it doesn't tarnish.
- This associated it with gods, unlike other earthly commodities.