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What about copper rounds, or uranium futures, or cell phone minutes? All seem to work nearly as well and have useful production purposes. I don't think gold is
by danteembermage 17y ago
What about copper rounds, or uranium futures, or cell phone minutes? All seem to work nearly as well and have useful production purposes. I don't think gold is going anywhere for the reasons you cite, but there are alternatives today.
- kingkongreveng_ 17y agoGold's relatively low practical demand makes the price stable, and that's the point. The alternatives you mention have volatile demand and are impacted by technological change. The prices aren't stable.
- steve19 17y agogold can be stored in a band vault, under your bed or buried in the garden. Cell phone minutes and uranium futures cannot. By "copper rounds" do you mean ammunition? If so, then yes, they hold value and will last as least 20 years, or longer (corrosive ammunition from WWII is still usable).