3 ms·
Gold doesn't have a source of revenue.
by koonsolo 5y ago
Gold doesn't have a source of revenue.
- arcticbull 5y agoThe argument is that as a commodity that is consumed to produce jewelry (52%) and industrial (12%) that there is baseline demand for it, and thus it does have intrinsic value. I don't consider it a worthwhile investment, however.
- koonsolo 5y agoBitcoin seems to bootstrap its own value: you can store and transfer value, because bitcoin has value. So as long as its value is > 0, it has intrinsic value.
- arcticbull 5y agoI’d argue that’s still extrinsic.