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Gold didn't reach its current adoption over 1000 years. It always had the current adoption rate. 1000 years ago, if someone gave you gold, you wouldn't wonder,
by spaceman_2020 4y ago
Gold didn't reach its current adoption over 1000 years. It always had the current adoption rate. 1000 years ago, if someone gave you gold, you wouldn't wonder, "gee, should I keep this shiny yellow metal or throw it away?" - you would keep it.
We've found gold ornaments in pre-pottery neolithic sites dating back thousands of years. The % of people who want to own gold was near 100% even thousands of years ago.
If anything, gold adoption rate has declined in the modern fiat age, at least in western countries.
- ashwagary 4y ago>Gold didn't reach its current adoption over 1000 years. I didn't say it did, you seem to have misread my post. >It always had the current adoption rate. >The % of people who want to own gold was near 100% even thousands of years ago. I dont know how you could possibly make a claim like this and defend it. Source?