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And? I am not advocating for gold either. Gold hinges on the fact that its yellow and nice to look at or whatever. It is entirely feasible for the world to be p
by anon-3988 3y ago
And? I am not advocating for gold either. Gold hinges on the fact that its yellow and nice to look at or whatever. It is entirely feasible for the world to be possessed by zeitgeist such that gold or anything yellow doesn't mean particularly much. This could happen, for example, if gold and diamonds can be manufactured artificially. What then?
- paulddraper 3y agoThen it wouldn't be worth as much and its 10,000+ year run would be over. PS https://en.wikipedia.org/wiki/The_Rip_Van_Winkle_Caper https://en.wikipedia.org/wiki/The_Rip_Van_Winkle_Caper
- TacticalCoder 3y agoWait... Is it not that within our current understanding of physics gold can only be manufactured artificially from an already heavier metal? (which are already more expensive than gold I think). I don't know the details but, basically, it's not because we can manufacture synthetic diamonds that we'll one day be able to manufacture non-radioactive synthetic gold.
- paulddraper 3y agoGold can be created from heavier elements via fission or lighter elements via fusion. Either way, there's no foreseeable way either would ever be cost -effective
- robobro 3y agoThe value of gold is related to the amount of labor necessary to produce it as a commodity. Contrast with aluminum and iron -- because they are relatively plentiful, they take significantly less labor to produce as commodities.