chrisorm

4 ms·

1. 1.▲
   by chrisorm 9y ago

   The point is that in theory when you buy a stock, it doesn't matter if everybody else in the world thinks the stock is worthless. You can hold the stock, collect the dividend and get your value back if you were correct. Even if the sto
2. 2.▲
   by chrisorm 9y ago

   I agree gold lacks the fundamental uses as a commodity when compared with things like oil. But this is because gold is pretty close to being a currency. For hundreds of years, gold and silver was actual currency. It is physical, finite and
3. 3.▲
   by chrisorm 9y ago

   The innovation doesnt matter. For something to have fundamental value, there has to be some mechanism by which that value can be realized. With fiat currency, that mechanism is that I can easily and quickly exchange it for practically any s