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Stocks, 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
by anonuser123456 4y ago
Stocks, 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.