Yes, and you’re making my mental gears turn. The only reason gold is worth something is because some regulatory power says it’s worth something. As soon as they say it’s not worth something that will be the end. As for now, some thieves go to Costco with stolen credit cards and they buy thousands of dollars of gold bars to resell. 😡 For that and many other reasons, I think gold should be demoted to the worth of arid dirt.
Gold is a valuable catalyst in chemical industry, and has value as a very efficient conductor that is very malleable and corrosion resistant. Sure, most of its market value comes from people wanting to put it in jewellery and other decorations, but it’s objectively far, far, more valuable than most other materials.
Gold is more useful than copper or silver. If there were enough of it, it would be used as a coating because it doesn’t oxidize, and in connectors and wiring due to it’s low electrical resistance. It’s commercial value is the reason it became the monetary standard.
Yes, and you’re making my mental gears turn. The only reason gold is worth something is because some regulatory power says it’s worth something. As soon as they say it’s not worth something that will be the end. As for now, some thieves go to Costco with stolen credit cards and they buy thousands of dollars of gold bars to resell. 😡 For that and many other reasons, I think gold should be demoted to the worth of arid dirt.
Gold is a valuable catalyst in chemical industry, and has value as a very efficient conductor that is very malleable and corrosion resistant. Sure, most of its market value comes from people wanting to put it in jewellery and other decorations, but it’s objectively far, far, more valuable than most other materials.
Gold is more useful than copper or silver. If there were enough of it, it would be used as a coating because it doesn’t oxidize, and in connectors and wiring due to it’s low electrical resistance. It’s commercial value is the reason it became the monetary standard.