tirateimas@lemmy.pt to World News@lemmy.worldEnglish · 8 days agoFrance pulls last gold held in US for $15B gainwww.mining.comexternal-linkmessage-square52linkfedilinkarrow-up1553arrow-down12cross-posted to: hackernews@lemmy.bestiver.se
arrow-up1551arrow-down1external-linkFrance pulls last gold held in US for $15B gainwww.mining.comtirateimas@lemmy.pt to World News@lemmy.worldEnglish · 8 days agomessage-square52linkfedilinkcross-posted to: hackernews@lemmy.bestiver.se
minus-squaregandalf_der_12te@discuss.tchncs.delinkfedilinkEnglisharrow-up4arrow-down17·7 days agoall gold is inherently worthless and pure speculation. it shouldn’t even have $1 in value.
minus-squaretirateimas@lemmy.ptOPlinkfedilinkEnglisharrow-up6·7 days agoAs any currency (like your $1 piece of paper). You just believe someone or some entity will accept it in exchange for something else.
minus-squarerwrwefwef@sh.itjust.workslinkfedilinkEnglisharrow-up12·7 days ago all gold is inherently worthless and pure speculation. Gold has practical applications, such as acting as a conductor for microchips.
minus-squarespacesatan@leminal.spacelinkfedilinkEnglisharrow-up6·7 days agoIt’s not bitcoin. It’s a real material that you can use for stuff.
minus-squareAvicenna@programming.devlinkfedilinkEnglisharrow-up2·7 days agoWhat is inherent worth but what people attach to them. At some point in history someone went “ooh shiny” and we had gold.
all gold is inherently worthless and pure speculation. it shouldn’t even have $1 in value.
As any currency (like your $1 piece of paper). You just believe someone or some entity will accept it in exchange for something else.
Gold has practical applications, such as acting as a conductor for microchips.
Also, shiny.
It’s not bitcoin. It’s a real material that you can use for stuff.
What is inherent worth but what people attach to them. At some point in history someone went “ooh shiny” and we had gold.