4 ms·
What are the other people going to do with the gold? what could they use it for? (Hint: gold is a useless metal in the modern era)
by Rhapso 2y ago
What are the other people going to do with the gold? what could they use it for?
(Hint: gold is a useless metal in the modern era)
- tekno45 2y agoPeople liked it before we had the internet, people will like it after. Shiny and rare is enough for some people.
- egberts1 2y agoFor one, paper currency have finite lifespan (modern or caveman civilization). They will dwindle in circulation, coupled with a deafening booming demand for such "In God We Trust". Credit card, debit card, and gift card are all expected to be unusable even in long term (lookup EMP)
- Rhapso 2y agoSo you think gold has value only because other people think it has value, not because it has any other intrinsic use? I bet you like fiat currencies too!
- egberts1 2y agoCoin is the next best thing to have, but you need like a huge vault for that.
- Rhapso 2y agoThat seems like a hazard. Anything "valuble but too heavy to move easily" would mean people would rather own the spot where it is sitting right now. I would need a LOT of gold to convince somebody to give me a few chicken fledglings in exchange for them in a "after the fall" situation. It sounds like no matter how you look at it, stocking up on gold is a kinda dumb waste of money.
- tim333 2y ago>gold is a useless metal in the modern era It's still handy as jewelry, the core use for several thousand years in the past and probably several thousand in the future. The use as currency has always been a secondary thing. Try getting married with a plastic wedding ring if in doubt.