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Demand is completely linked to usefulness. What most people don't understand is that gold's primary use is as a scarce, divisible, fungible store of value. Thi
by npoc 2y ago
Demand is completely linked to usefulness. What most people don't understand is that gold's primary use is as a scarce, divisible, fungible store of value.
This is why it has a market cap of $18T. Not because it's shiny, or used in electronics - it's predominately because there are trillions of dollars of economic value looking for a safe place to be stored. Safe from theft by legislation (see https://thegreattaking.com https://thegreattaking.com), and safe from theft via supply inflation (see https://imgur.com/a/DG8zWbe https://imgur.com/a/DG8zWbe).