is gold worthless?gold doesn't produce anythingyou can't eat itit is a shiny rockit retains purchasing power but doesn't actually improve in value, the currency just loses value
Gold has value because we collectively give it value.
>>60967478Gols is the alchemical representation of the Sun and every culture on the planet understood this at some level
>>60967478In a productive way other than jewelry and store of value ect ect what is gold also used for? Think before you post dumbass. The IQ is dropping each year here it seems.
>>60967478Are you fucking retarded or something? Gold is in like every computer related application. Holy fuck you're retarded. Gold jewelry... what else Gold dildos that you can stick up your ass.
>>60967478Gold has value because it's the only thing every culture across the world agrees is valuable.If Gold is ripping, that usually means things are fucked.
>>60967535but platinum does that better and is half the price
>>60967478>it retains purchasing power but doesn't actually improve in value, the currency just loses valueThat's pretty much it. Think of it like permanently locking your savings into a physical asset. Gold isn't bad, it just isn't a growth asset.
>>60967921Gold is valuable because it’s stored energy
>>60967478>retains purchasing power >but doesn't actually improve in valuepick 1
>>60967478Is OP worthless?OP doesn't produce anythingYou can't eat OP
>>60968106>>60968106>OP doesn't produce anything>You can't eat OPUsually not at the same time.
Gold has some value
>>60967478>you can't eat itwatch me
>>60967478Now do bitcoin.
>>60967940Gold has other properties, it's very malleable. Platinum is harder to work with and doesn't have the same conductivity as gold, it is preferred for other applications.There are a lot of uses for precious metals
>>60968094How do you extract energy from gold?
>>60967940Platinum is valued because of its density, high melt value and ability to help scrub air; same with palladium. they are substitutes of each othergold is nothing like platinum and there is no substitute for gold. gold is valued because it is unreactive largely. we dont coat everything in gold simply because of costs and gold's scarcity
>>60967478>is gold worthless?>doesn't corrode>used to coat sensitive electronicsModern computers can't run without it. So "iS iT wOrThLeSs?" is a completely retarded question.
>>60970078you dont, it represents the energy spent getting it out of the ground and purifying it/molding it to form. this creates a huge potential energy in raw material stock but you dont get joules or electricity from it directly.
>>60970273By that logic wouldn't a house be a form of energy? Or anything else of value.
>>60970306Is it easier to trade a house for a cow, or gold for a cow?
One kilo of gold is one kilo of gold.It is a store of weight value.But one kilo of dollar can become two kilo of dollar in tomorrow, it is not a store of weight value.
>>60970325Depends but usually I'd say it's easier to trade gold for a cow. However it's even easier to buy a cow with dollars than with gold. Does that make dollars a form of energy?
>>60967478People like gold. Doesn't matter if you think it's worthless, everyone else thinks it's worth...ful, and that's all that matters in this space.Do the worthful.
>>60967478gold is used in tech no?
you described bitcoin. gold is used in every precision electronic device. you can't make a computer that lasts without it. silver too. you shouldn't buy any. i'd like demand to drop while I continue to back the truck up.
>>60967526>The IQ is dropping each year here it seems.It's because more and more brown ESL third world retards are getting access to the internet.
