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The industrial usefulness is an irrelevant byproduct when considering gold and silver as an investment. Put another way, if people lost faith in gold as an inv
by freewilly1040 6y ago
The industrial usefulness is an irrelevant byproduct when considering gold and silver as an investment.
Put another way, if people lost faith in gold as an investment tomorrow, and the value fell to the economic value of the industrial use cases, investors in gold would be ruined.
- chaostheory 6y agoIt is not irrelevant if the price is based on anything else besides raw speculation. Gold and silver have always had utility outside of trading.
- JohnJamesRambo 6y agoI’ve never thought of it this way. I wonder what the price of gold and silver would be if they were strictly used for manufacturing and jewelry instead of speculation and store of value?