4 ms·

Yes for the most part in the modern economy gold is also a non productive speculatory asset/token just like bitcoin.

• npoc 3y ago
  Speculating on what exactly?
  • junofan 3y ago
    Price movements. The CFTC’s old educational site was pretty solid: https://web.archive.org/web/20120813061455/http://www.cftc.gov/ConsumerProtection/EducationCenter/index.htm https://web.archive.org/web/20120813061455/http://www.cftc.g...
    • npoc 3y ago
      Everything moves in price due to people trading it, so in that sense all assets are speculative. And housing for example is non productive.
      • ffgjgf1 3y ago
        > And housing for example is non productive. That’s not strictly true (I’m pretty rented housing fits the definition of a productive asset) and certainly not true at all when compared to bitcoin or gold
        • npoc 3y ago
          Are you classifying it as productive because you can receive compensation (rent) for lending someone your house? That's true for all property. In the case of money (which includes bitcoin and gold), it's called interest.