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You would have saved a lot of typing if you had just read the definition of "intrinsic value" as a finance term. Basically in your first paragraph you explained
by rantanplan 13y ago
You would have saved a lot of typing if you had just read the definition of "intrinsic value" as a
finance term. Basically in your first paragraph you explained why it has intrinsic value.
You obviously brought a philosophical argument to an economics debate :P
This is EC-101
- dwaltrip 13y agoHaha ok glad we are on the same page now. I was originally responding to a comment about the intrinsic value of gold. How does one apply http://en.m.wikipedia.org/wiki/Intrinsic_value_(finance) http://en.m.wikipedia.org/wiki/Intrinsic_value_(finance) to gold? It produces no cash flow or income. This is why I used a philosophical approach :p
- rantanplan 13y agoHeh, approaching economics from a philosophical standpoint is the road to madness. I'd argue that sociology is a better approach to understanding economics, but then I would have fallen into your trap; because then we'd have a philosophical discussion :P I'm far from an expert in economics, but if you're interested in the (very dirty)history of gold, the wikipedia page of the "Gold Standard" is a good start. Time to sleep :)