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I'm no so sure. Gold has always been used as a mechanism for intrinsic value. While the dollar is not backed by the dollar anymore there is still sentiment arou
by bilekas 3y ago
I'm no so sure. Gold has always been used as a mechanism for intrinsic value. While the dollar is not backed by the dollar anymore there is still sentiment around the world that gold is the relaible asset.
Gold has an important economic role as a means of exchange should currency collapse. So I wouldn't see it going anywhere anytime soon. Until maybe i have a gold skillet that I'm throwing out someday!
- BirAdam 3y agoJust a bit pick, there’s no such thing as intrinsic value. All value is subjective. Gold has strong and common utility aiding in its valuation, but there is no intrinsic value.