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Only 10% of gold is used industrially. Aluminium used to be extremely expensive and was used in jewelry, until we discovered how to mine it more efficiently. T
by ye 13y ago
Only 10% of gold is used industrially.
Aluminium used to be extremely expensive and was used in jewelry, until we discovered how to mine it more efficiently. That's not an intrinsic value, that's perceived value.
- TylerE 13y ago"belonging to a thing by its very nature: the intrinsic value of a gold ring." That's from dictionary.com. Gold is literally the EXAMPLE they give for intrinsic value.
- ye 13y ago@TylerE Yeah, and they would say they same about an aluminium ring when aluminium was rare. That definition is awfully circular and wrong, don't you think? People assign values to things based on their properties. Not because they have some magical natural number assigned to them by an invisible man in the sky.