With that being said, your final point there about its economic valuation being based in production; this point doesn't exactly apply to gold does it?

Supply/demand sets the price.

Except when it doesn't.

In the case of gold, there was a time when S/D set the trade value of gold.

Gold critics (mostly crypto fanatics) dismiss the value of jewelry. We have been using various items for adornment for who knows how many tens (hundreds?) of thousands of years. Gold critics brush that off like its meaningless, because you can't eat it, or make a sword out of it.

But it's far from meaningless. You can't eat or wear, or find shelter in purple dye, but that doesn't make purple dye not valuable. I think there was even a war or two over it (if I remember correctly). People like to look pretty, that's just the truth of things.

Gold is very pretty. It's color and lustre are physical properties that are unmatched. It is malleable (another physical property) and can be easily shaped into complex forms. You can make statements with it, and those statements look amazing. People have been doing that with gold for forever. That means it has value. It is the best suited material that exists in the universe for all those purposes. That's just physics.

From what I have seen, denying these real tangible historic uses of gold, for which there is evidence that goes back tens of thousands of years, is imo a lie crypto people tell themselves to make them feel better about their brand new shiny fiat currencies.

Having said that, the S/D on gold has been manipulated for thousands of years. I don't mean that we give it more value than it would otherwise have. I don't know if that's true. I mean it has been the primary means of controlling the world for thousands of years, through purposeful manipulation of its S/D curve, mostly by hording and exchange rate manipulation. But it has only been able to be manipulated as such a control device because it has value outside of merely "saying it does."

It's current uses are in jewelry, technologies in biology, chemistry, electronics, and many other industries because of its unique physical properties. So is its real value tied to its productive capacity? No.

I seriously doubt its current value has anything to do with its productive capacity. But I have no clue what it's real value would be if it were not being manipulated. It could be worth even more than the value it is currently assigned. Who knows? Not that I'm saying I think that. It could be far less. But it would have some value, and it would likely be relatively high because it is rare, and it will be forever rare, because that's just physics. There is only so much of it in the universe, and it is far less than most elements.

With that being said, your final point there about its economic valuation being based in production; this point doesn't exactly apply to gold does it?

Supply/demand sets the price.

Except when it doesn't.

In the case of gold, there was a time when S/D set the trade value of gold.

People discount the value of jewelry. We have been using various items for adornment for who knows how many tens (hundreds?) of thousands of years. Gold critics brush that off like its meaningless, because you can't eat it, or make a sword out of it.

But it's far from meaningless. You can't eat or wear, or find shelter in purple dye, but that doesn't make purple dye not valuable. I think there was even a war or two over it (if I remember correctly). People like to look pretty, that's just the truth of things.

Gold is very pretty. It's color and lustre are physical properties that are unmatched. It is malleable (another physical property) and can be easily shaped into complex forms. You can make statements with it, and those statements look amazing. People have been doing that with gold for forever. That means it has value. It is the best suited material that exists in the universe for all those purposes. That's just physics.

From what I have seen, denying these real tangible historic uses of gold, for which there is evidence that goes back tens of thousands of years, is imo a lie crypto people tell themselves to make them feel better about their brand new shiny fiat currencies.

Having said that, the S/D on gold has been manipulated for thousands of years. I don't mean that we give it more value than it would otherwise have. I don't know if that's true. I mean it has been the primary means of controlling the world for thousands of years, through purposeful manipulation of its S/D curve, mostly by hording and exchange rate manipulation. But it has only been able to be manipulated as such a control device because it has value outside of merely "saying it does."

It's current uses are in jewelry, technologies in biology, chemistry, electronics, and many other industries because of its unique physical properties. So is its real value tied to its productive capacity? No.

I seriously doubt its current value has anything to do with its productive capacity. But I have no clue what it's real value would be if it were not being manipulated. It could be worth even more than the value it is currently assigned. Who knows? Not that I'm saying I think that. It could be far less. But it would have some value, and it would likely be relatively high because it is rare, and it will be forever rare, because that's just physics. There is only so much of it in the universe, and it is far less than most elements.

With that being said, your final point there about its economic valuation being based in production; this point doesn't exactly apply to gold does it?

Supply/demand sets the price.

Except when it doesn't.

In the case of gold, there was a time when S/D set the trade value of gold.

People discount the value of jewelry. We have been using various items for adornment for who knows how many tens (hundreds?) of thousands of years. Gold critics brush that off like its meaningless, because you can't eat it, or make a sword out of it.

But it's far from meaningless. You can't eat or wear, or find shelter in purple dye, but that doesn't make purple dye not valuable. I think there was even a war or two over it (if I remember correctly). People like to look pretty, that's just the truth of things.

Gold is very pretty. It's color and lustre are physical properties that are unmatched. It is malleable (another physical property) and can be easily shaped into complex forms. You can make statements with it, and those statements look amazing. People have been doing that with gold for forever. That means it has value. It is the best suited material that exists in the universe for all those purposes. That's just physics.

From what I have seen, denying these real tangible historic uses of gold, for which there is evidence that goes back tens of thousands of years, is imo a lie crypto people tell themselves to make them feel better about their brand new shiny fiat currencies.

Having said that, the S/D on gold has been manipulated for thousands of years. So is its real value tied to its productive capacity? (Which includes jewelry, technologies in biology, chemistry, electronics, and many other industries because of its unique physical properties.) No.

I seriously doubt its current value has anything to do with its productive capacity. But I have no clue what it's real value would be if it were not being manipulated. It could be worth even more than the value it is currently assigned. Who knows? Not that I'm saying I think that. It could be far less. But it would have some value, and it would likely be relatively high because it is rare, and it will be forever rare, because that's just physics. There is only so much of it in the universe, and it is far less than most elements.