Donald J. Trump @realDonaldTrump 30m
The Stock Market(s) are literally crashing. There was no reason for this, all self inflicted!
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Just what is gold worth? Who decides its value? Is it priced according to it's useless application as jewelry? Or is it priced according to its use in electronics? I've never understood why gold is so expensive. I think trade and barter for goods and services would be a far better economic model should the shit hit the fan.
Oil will decide the value when Putin only accepts Gold and the Russian Ruble for oil
I agree. I've never understood what makes a metal more valuable than another besides it malleability.
You are wondering about the difference between money and currency.
Gold is money. Everything else is currency.
https://www.youtube.com/watch?v=DyV0OfU3-FU
Its used in electronics and other shtuff
At least copper has value as piping/tubing.
Gold has value because it is long lasting, and there's always someone who will want it. Its like cigarettes in prison. Even if you don't smoke you will trade in cigarettes, because its known that someone, somewhere will ultimately find them valuable. Since gold is beautiful, malleable, and useful, even if not to you but at least to some others, it has value. And that combination of characteristics makes it an ideal currency.