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Gold is used in electronics in free market economies, meaning marginal price <= marginal utility. This does away with the idea that gold has no relevant value
by wallace_f 9y ago
Gold is used in electronics in free market economies, meaning marginal price <= marginal utility.
This does away with the idea that gold has no relevant value outside jewlery.
- seanmcdirmid 9y agoThere is no such implication. Yes, if golf were cheaper, it would be used more often in electronics, and because not much of it is essential, users of gold for productive purposes can get by with higher prices. However, gold’s price is driven 100% by its use as a speculative fiat store of value, not for its utility or even for its ornamental use.