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re: .
Posted on 9/15/17 at 7:55 am to McLemore
Posted on 9/15/17 at 7:55 am to McLemore
quote:
i'm not sure gold has had much inherent value for a long, long time. it's relatively rare, but not all that inherently useful these days.
That couldn't be more wrong. It is very valuable for the electronics world and some super high energy applications.
Posted on 9/15/17 at 8:04 am to notsince98
quote:
That couldn't be more wrong. It is very valuable for the electronics world and some super high energy applications.
ok, but is it universally and irreplaceably so inherently valuable as to legitimately back the world's major currencies? I am not claiming it has no valuable use, and I really don't know the answer.
I just can't buy the gold standard's even theoretical viability these days, with all the alternative materials. it seems somewhat arbitrary among materials now, and thus would still be "fiat" to a degree (less so than just printing or digital mining i guess).
I don't have an agenda, and I've made more money off of gold coins by far than any other investment (besides silver coins--close). Educate me (not being sarcastic).
This post was edited on 9/15/17 at 8:08 am
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