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So 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!
by Rhapso 2y ago
So 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.