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My point is that gold can never lose 90% of its value because the majority of it is already used in luxury items and electronics. At worst, the total value of g
by Aunche 9y ago
My point is that gold can never lose 90% of its value because the majority of it is already used in luxury items and electronics. At worst, the total value of gold can only drop by the current amount that is being held in reserve or as investments.
- bryanlarsen 9y agoPrice is set at the margin. If half the demand for gold evaporated the price for gold would likely drop a lot more than 50%, probably more than 90%. When demand for gasoline went up by 2%, the price doubled.
- hollerith 9y ago>the current amount that is being held in reserve or as investments --which is almost all of the gold in the world.