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Gold got it's reputation before we had efficient aluminum production methods. For a while, aluminum was the most useful and valuable metal on earth, it caps the
by blamestross 3y ago
Gold got it's reputation before we had efficient aluminum production methods. For a while, aluminum was the most useful and valuable metal on earth, it caps the Washington monument for that reason. Nothing has really changed other than gold is more scarce. In a "prepper" situation, aluminum ingots are fundamentally more useful for every use but trade, and it's trade value is only because it has trade value. It isn't like they will be making new electronics after the fall.
Over 100 years of the value being propped up by a social narrative alone. Boggles the mind. Reminds me of no-vote no-dividend stocks.