But like seriously? There doesn’t seem to be anything inherently valuable about gold. It’s used in jewelry, electronics, olympic medals, and maybe a few other things, but is that really why gold is considered precious?
Investors invest in gold because they believe it will retain its value in the future. Unlike other commodities like oil, cotton, or oranges, gold does not actually get consumed. It can change shape and be used in a number of ways, but its chemical composition always stays the same. Check out this chart for the price of gold for a 40 year span:
This article is part of series: Check the Part 1 here:
1. The Straw Man Fallacy
2. The Ad Hominem Fallacy
Me: Let’s order ramen tonight!
Friend: Well, you’re a half-witted, scruffy-looking, papaya-breathed person who put sugar in your pizza instead of salt, so your opinion on food is irrelevant.
Friend: So it’s settled — we’re having tacos.
In the argument above, the dude directly attacked my personal traits in order to undermine my opinion. The attack was COMPLETELY irrelevant to the discussion but somehow it gave the impression that it’s addressing the original…
Friend: Are we getting ramen or pizza tonight?
Me: Let’s get ramen!
Friend: WHY DO YOU HATE ITALIANS?
Needless to say, the friend is now an acquaintance.
While this example was in a casual setting, people constantly use such arguments in extremely serious political debates (not limited to a certain presidential debate that happened just over a week ago).
A straw man is a form of argument and an informal fallacy of having the impression of refuting an argument, while the proper idea of argument under discussion was not addressed or properly refuted.
Such an argument, therefore, does…
For quite some time now, a popular message has been making the rounds. I’ve seen it almost a dozen times on my Facebook or Instagram feed. The claim is simple and tempting: Buy 1 book, receive 36 books in return.
The exact message is as follows:
If you say ‘in’, then you get the following message:
Yay! I’m glad you want to participate! Here’s how it works:
Step 1: Repost the image/text I posted (you can post it on Instagram, Twitter, Facebook, your blog, etc)
Step 2: Send a book to ________________ ________________ The book can be new or used…
I recently came across this interesting statistic:
Vending machines kill 4 times as many people per year as sharks.
Wait really? I mean…which of the two looks scarier?
Usually 3 or 6. When the International Space Station (ISS) is fully manned, there are 6 people on it. The crew rotates out periodically — 3 return back to Earth, leaving 3 on the station until the next 3 people arrive up at the station.This way, there are always at least 3 people at the station.
When American or Russian shuttles do go up, they carry between two to seven people, so at some points there may even be up to 10 people at once. But again, that’s temporary, and the number drops to 3 or 6 eventually.
The Elo rating system is a method for calculating the relative skill levels of players in zero-sum two-player games.
ELO is often written in all caps but it doesn’t have a full form — it’s simply named after its creator Arpad Elo, a Hungarian-American physics professor born in 1903.
Most people associate Elo with the game of chess — it is used extensively by national chess federations, online chess websites, and even by FIDE (the governing body of international chess competitions) to determine the world rankings of Chess players. In fact, Arpad Elo was a chess master himself.
I recently read a post on waitbutwhy that asked the readers to mention things that could be learnt in 10 minutes but would be useful for life. The results were fascinating as people from around the world chipped in. I was curious, however, to see what the responses would be if I asked my peers (and therefore a different demographic) and if I increased the time frame from 10 minutes to a day.
So I posted the following question on my Instagram —
The responses, aggregated and divided roughly by category, are listed below:
I recently read a post that asked the readers to mention things that could be learnt in 10 minutes but would be useful for life. The results were fascinating as people from around the world chipped in. I was curious, however, to see what the responses would be if I asked my peers (mostly in their 20s) and if I increased the time frame from 10 minutes to a day. The responses were amazing, and I’ve cherry-picked some below:
I have some strong doubts on whether Einstein…
Don’t read this bio, read Purple Theory instead