jgbtc on Nostr: Gold's "intrinsic" value is severely overrated. Jewelry is basically wearable SoV, ...
Gold's "intrinsic" value is severely overrated. Jewelry is basically wearable SoV, which made a lot of sense is ancient times when there were few other options for storing it. Electronics/industrial uses are mostly a very recent development so they don't explain anything about gold's value before a hundred years ago or so. Gold has always been pretty much useless for anything other than money which is why it was the best money available before bitcoin.
Published at
2025-03-25 14:42:49Event JSON
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