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Its value is all well and good if you personally have a use for it, but if you are merely stockpiling it in hopes of selling it later then that doesn't help muc

Its value is all well and good if you personally have a use for it, but if you are merely stockpiling it in hopes of selling it later then that doesn't help much if the price has fallen to zero. You might be left with something pretty to look at and little more as you hold out for a recovery, if you don't take the bath and end up with nothing. Which could also be said about Bitcoin. I'm sure someone out there would find some kind of academic interest in looking at Bitcoins or enjoy collecting them. There might be almost no value in Bitcoin, but it would probably never erode completely.

P5fRxh5kUvp2th 4y ago
In fiction there's an idea known as 'plot armor'. In essence, it's the idea that causality and realism are suspended for some reasons related to the plot. Your scenario here is plot armor. Sure, if we pretend that gold stops having ANY use outside of being pretty, then when it stops being considered pretty it's value will go to 0. But the fact is, gold has a myriad of uses besides being pretty and those uses give it an inherent value. And when you go to sell it, others' use of it is what sets the sell value, not your personal use of it. It doesn't matter that I'm not personally using it for conductivity if the person I'm selling it to is (or someone downstream of them is). IOW, stop posting fiction.
- randomdata 4y ago
  > Sure, if we pretend that gold stops having ANY use outside of being pretty I fail to see the purpose of this 'pilot amor'. There is no reason why gold would stop being useful beyond being pretty. This fiction you've come up with doesn't even make any sense and certainly has no relevance to the discussion. However, that doesn't mean there is always a user available. When we saw the price of oil go negative there were still just as many uses for oil as there ever was, but for various reasons there weren't buyers in that moment. Gold is not immune to the same. In case you are still confused, let me be clear: Price and value are not the same thing. > IOW, stop posting fiction. Sage advice.
  - P5fRxh5kUvp2th 4y ago
    inches is not the same thing as length, yet they're indelibly linked.

P5fRxh5kUvp2th 4y ago

In fiction there's an idea known as 'plot armor'. In essence, it's the idea that causality and realism are suspended for some reasons related to the plot. Your scenario here is plot armor. Sure, if we pretend that gold stops having ANY use outside of being pretty, then when it stops being considered pretty it's value will go to 0. But the fact is, gold has a myriad of uses besides being pretty and those uses give it an inherent value. And when you go to sell it, others' use of it is what sets the sell value, not your personal use of it. It doesn't matter that I'm not personally using it for conductivity if the person I'm selling it to is (or someone downstream of them is). IOW, stop posting fiction.

randomdata 4y ago
> Sure, if we pretend that gold stops having ANY use outside of being pretty I fail to see the purpose of this 'pilot amor'. There is no reason why gold would stop being useful beyond being pretty. This fiction you've come up with doesn't even make any sense and certainly has no relevance to the discussion. However, that doesn't mean there is always a user available. When we saw the price of oil go negative there were still just as many uses for oil as there ever was, but for various reasons there weren't buyers in that moment. Gold is not immune to the same. In case you are still confused, let me be clear: Price and value are not the same thing. > IOW, stop posting fiction. Sage advice.
- P5fRxh5kUvp2th 4y ago
  inches is not the same thing as length, yet they're indelibly linked.