5 ms·
Why not ban gold as an investment too? It's just as much a zero sum game or gambling if you wanna call it that. Also a lot of resources wasted in storing it in
by akskos 4y ago
Why not ban gold as an investment too? It's just as much a zero sum game or gambling if you wanna call it that. Also a lot of resources wasted in storing it in bank vaults just sitting there for nothing.
- PeterCorless 4y agoBecause gold is real, physical, tangible and has real-world utility?
- mattwilsonn888 4y agoYou're just avoiding saying gold has value. Why are you avoiding saying that? Because then you have to make it clear that value is determined by people and people have deemed crypto valuable, especially Bitcoin. Your implied argument is, when explicit, more clearly vacuous.
- jjtheblunt 4y agoPerhaps his point is that the minimum value of a physical entity like gold is greater than $0, but I see your point/criticism too. Essentially "define value" can lead to varied definitions?