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Gold can be used in technology and teeth, so it has value. I think this is what he meant.
by mathgladiator 8y ago
Gold can be used in technology and teeth, so it has value. I think this is what he meant.
- rgbrenner 8y agoGood point.. but that doesn't make it a productive asset. A productive asset is something that produces an output--ie: something that generates an income for the owner of the asset. If I own a farm, the farm produces crops that can be sold.
- nebulous1 8y agoYeah, but that isn't why it's worth what it's worth.
- aitrean 8y agoThat's not what he meant. Gold's value as a material is pennies on the dollar for gold as an investment. When people talk about 'value' of gold, they're referring to its use as a 'store of value'.