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I don't believe utility is the driving force of gold as a store of value and if anything I would say it competes with it. I can assure you that most of the gold
by derangedHorse 5y ago
I don't believe utility is the driving force of gold as a store of value and if anything I would say it competes with it. I can assure you that most of the gold reserves in the world aren't holding gold with the future intent of having its value tied to its usage in circuits or beauty products, they're using it as a store of value. Being a store of value has utility in itself so again I implore you to look at arguments from someone who has studied Bitcoin a lot more extensively than I have and can give more hard data and context to the usage of similar commodities for comparison (i.e. the author of The Bitcoin Standard)