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Gold has thousands of years of history as a currency (or backing a currency). It's also intrinsically valuable for jewelry and industrial purposes. It's irrepl
by smt88 4y ago
Gold has thousands of years of history as a currency (or backing a currency).
It's also intrinsically valuable for jewelry and industrial purposes. It's irreplaceable in electronics, for example.
Cryptocurrency that can't be sold to someone else has absolutely no value. In fact, it has negative value because of transaction fees, something that plain cash doesn't have. I can send someone $100k with a $0 transaction fee.
- hinkley 4y agoGold also has enough value as a material to both lift the value of it and complicate the making of things with it. First silver, then gold, then platinum, now palladium and rhodium have ridiculous values associated with them.