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Well, except in the case of gold it has a real use (electronics and jewelry, to name a couple).
by craftyguy 8y ago
Well, except in the case of gold it has a real use (electronics and jewelry, to name a couple).
- Moodles 8y agoOf course, although probably most people investing in gold are using it as a store of value rather than to create jewelry.
- latchkey 8y ago... and jewelry has (artistic) value beyond the value of what it is made of.
- newnewpdro 8y agoIsn't the whole point of this thread that gold is superior to bitcoin as a store of value because it also has intrinsic value/utility? If most people investing in gold are using it as a store of value, it says nothing of the other uses for the material. When you're making an investment in something, it's a feature for that thing to have more, not less, potential applications.
- Moodles 8y agoHaha personally I am a little baffled that my one small comment on gold sparked such a big thread. Yeah, gold is kinda similar to bitcoin, kinda different. I don't think much of what has been said is particularly new to most people.