3 ms·
Why does everyone get so hung up on the gold standard? What intrinsic value does gold have? 8% mined each year goes to technology and industrial use cases, that
by Gwypaas 5y ago
Why does everyone get so hung up on the gold standard? What intrinsic value does gold have? 8% mined each year goes to technology and industrial use cases, that has value, and most importantly creates more value. The rest is people saying "Oh shiny", which has a less real connection than a paper note where obligations are traded and met.
- Dracophoenix 5y agoGold has several properties that make it useful as a store of value. - Gold is a naturally occurring substance and, while not abundant, exists in many parts of the world. - Gold is inert. - Gold is not radioactive - Gold is durable, but malleable.
- deleted 5y ago[deleted]