3 ms·
That's a moot point, Gold actual usage has no relation with its usage as a store of value. It's used as a store of value because it's shiny and people associate
by efwfwef 6y ago
That's a moot point, Gold actual usage has no relation with its usage as a store of value. It's used as a store of value because it's shiny and people associates it with "value".
Think: why are diamonds so expensive?
- graeme 6y agoMaybe I don’t follow you but if more than half of gold use is jewelry then it seems the use has a lot to do with it’s value. People trade gold on top of that but it’s linked to use. If jewelry demand dropped 98% it would surely affect the price of gold.
- efwfwef 6y ago> half of gold use is jewelry uh, no that's not true. I bet there's more bitcoin being used to buy drugs than gold being used in jewelry