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Gold has likely lost its place as a store of value. Its value came as a somewhat rare, status consumption good. But today, gold is much less important as a st
by anonuser123456 4y ago
Gold has likely lost its place as a store of value.
Its value came as a somewhat rare, status consumption good. But today, gold is much less important as a status consumption good. As India modernizes its banking/financial industry I expect to see gold prices fall with a glut of supply.
- ls15 4y ago> Gold has likely lost its place as a store of value. So what is its replacement as a store of value that is broadly trusted?
- anonuser123456 4y agoStocks, bonds, real-estate etc. Total world gold is like 10T$ vs total world assets of 450T$ ish. What would you rather hold? A claim on future returns from a factory making chips or a shiny metal with minimal industrial use that certain primates horde? The horders can only supply then economy with a shiny metal. The chip factory can supply it with chips that run cars, trains, financial systems, street lights etc.