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Gold has kept its value for thousands of years because it's not net-negative. People happily buy gold and "lose" money on the deal, because they value the gold
by leereeves 4y ago
Gold has kept its value for thousands of years because it's not net-negative. People happily buy gold and "lose" money on the deal, because they value the gold more than the money.
So investors can gain money, buyers can gain gold, and everyone can come out ahead.
Unlike crypto, where one investor's gains come at the expense of another investor who loses, because few people buy crypto for its own sake.