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I do admit that my forest example is absurd. I just wanted to elucidate, as you pointed out, the price isn't supported by human's necessity to survive. Your la
by hervature 9y ago
I do admit that my forest example is absurd. I just wanted to elucidate, as you pointed out, the price isn't supported by human's necessity to survive.
Your last point brings up an interesting tangent, if gold wasn't treated as a store of value, what would its price be? Would it be similar to diamonds where synthetic ones are half the price? Are you aware of any sources that try to answer this question?