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How much of gold value is honest commodity value and how much of it is speculative value? I think you will determine speculative value is something above 80%. I
by r33b33 2y ago
How much of gold value is honest commodity value and how much of it is speculative value? I think you will determine speculative value is something above 80%. If that is the case, then arguing that there should be a huge disrecepency between price of BTC and price of gold is intellectually dishonest, since 100% speculative value and 80% speculative value isn't THAT different.
- deleted 2y ago[deleted]
- selectodude 2y ago>How much of gold value is honest commodity value and how much of it is speculative value? It really doesn't matter. The honest commodity value is the same price as the market value. 60+ percent of new gold mined every year goes towards jewelry and electronics. The base price of gold is high due to demand, not due to speculation. Gold is pretty and pretty hard to find - thus the price goes up.