You're half right, but you ignore market dynamics. Silver Tuesday [0] is a good scenario where the value of a precious metal was inflated due to the behavior o

You're half right, but you ignore market dynamics. Silver Tuesday [0] is a good scenario where the value of a precious metal was inflated due to the behavior of market participants and not an intrinsic value of the material. There is a rational basis for everything's price but scarcity and signaling making up huge components of that rationale. [0] https://en.wikipedia.org/wiki/Silver_Thursday https://en.wikipedia.org/wiki/Silver_Thursday