Except, again if you really think about it, who decides what gold is worth? If a meteor passes by that’s all gold and we capture it, does that crash our markets? Or if we find a massive amount of it somewhere unexpected? This whole idea that things have value is a construct, even when it’s applied to metals.
Except, again if you really think about it, who decides what gold is worth? If a meteor passes by that’s all gold and we capture it, does that crash our markets? Or if we find a massive amount of it somewhere unexpected? This whole idea that things have value is a construct, even when it’s applied to metals.
At least gold is tangible, and worth what people are willing to pay for it.