tirateimas@lemmy.pt to World News@lemmy.worldEnglish · 1 day agoFrance pulls last gold held in US for $15B gainwww.mining.comexternal-linkmessage-square45linkfedilinkarrow-up1498arrow-down12
arrow-up1496arrow-down1external-linkFrance pulls last gold held in US for $15B gainwww.mining.comtirateimas@lemmy.pt to World News@lemmy.worldEnglish · 1 day agomessage-square45linkfedilink
minus-squaregandalf_der_12te@discuss.tchncs.delinkfedilinkEnglisharrow-up3arrow-down13·15 hours agoall gold is inherently worthless and pure speculation. it shouldn’t even have $1 in value.
minus-squaretirateimas@lemmy.ptOPlinkfedilinkEnglisharrow-up2·8 hours 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-squarespacesatan@leminal.spacelinkfedilinkEnglisharrow-up3·10 hours agoIt’s not bitcoin. It’s a real material that you can use for stuff.
minus-squarerwrwefwef@sh.itjust.workslinkfedilinkEnglisharrow-up8·13 hours ago all gold is inherently worthless and pure speculation. Gold has practical applications, such as acting as a conductor for microchips.
minus-squareAvicenna@programming.devlinkfedilinkEnglisharrow-up1·11 hours 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.
It’s not bitcoin. It’s a real material that you can use for stuff.
Gold has practical applications, such as acting as a conductor for microchips.
Also, shiny.
What is inherent worth but what people attach to them. At some point in history someone went “ooh shiny” and we had gold.