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Only in the same sense that nothing has inherent value. Gold is pretty and durable and people like it. That gives it value in the system of exchanging stuff am
by lanstin 5y ago
Only in the same sense that nothing has inherent value. Gold is pretty and durable and people like it. That gives it value in the system of exchanging stuff amongst humans.
- twic 5y agoWheat has value because you can eat it. Dollars have value because you can pay your taxes in them. Gold does have craft and industrial uses, but not enough to explain its value.