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People want gold not because it took energy to mine, but because other people also want gold. Gold is like any other currency system, except that the process th
by cirgue 9y ago
People want gold not because it took energy to mine, but because other people also want gold. Gold is like any other currency system, except that the process that controls supply is basically stochastic (and there is a small industrial demand for the commodity itself, but this is negligible).