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Because the community believes their value will outlast the currency system. People have believed the same thing about tulips, peppercorn, wine, and buildings (
by tremon 4y ago
Because the community believes their value will outlast the currency system. People have believed the same thing about tulips, peppercorn, wine, and buildings (or rather, land).
- Robotbeat 4y agoWell there’s residual value in metals as you can build stuff with it. Agree that the vast majority of the value of precious metals is contextual, but I guess you can appeal to human’s love of shiny stuff plus history, beyond just community context.
- codedokode 4y agoLand is still very valuable today, especially if it is a land in the center of a city.