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>Gold can be used to fill teeth, to conduct electricity and so forth. Bitcoins can do nothing. If that's why gold has value, then $1290 an ounce seems quite pr
by philrapo 12y ago
>Gold can be used to fill teeth, to conduct electricity and so forth. Bitcoins can do nothing.
If that's why gold has value, then $1290 an ounce seems quite pricey for fillings!
- Ologn 12y agoBut people are paying $1290 an ounce for fillings. You might find it pricey, but plenty of people are getting gold fillings. Of course, not every filling needs a full ounce. You can also go to an electronics store and find audio equipment etc. which uses gold. Too pricey for some, but others buy it. When price flies away from value, like for subprime mortgages, a reckoning is always coming sooner or later. And collectively, even subprime mortgages have some value. Bitcoins have no value.