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gozinsa

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04/09/18

09:11

Post #: 35392637
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Originally posted by Dr.Who ↑

I hope you are right about gold's properties having an industrial use - or more to the point an as yet undiscovered use.

The gold is finite argument only holds if it continues e in demand.

"a nice little insurance policy should the world go troppo" is an example of what I'm concerned about. That comment only holds true if the metal continues to be an alternative store of wealth. Personally I think that side to gold will fade. Its value label is arbitrary - always was so always will be.

I'm not a fan of cryptocurrency because I don't fully understand it. However, I could easily imagine how that could be used as a global currency with finite qualities - used a store of wealth.

I really think (hope) that gold's future - years (decades?) - from now will be in some yet undiscovered industrial use. Until then it won't move too far in either direction - a bit like a mainstream currency.

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It's value label is not arbitrary. Perhaps you should do some research into the unique properties of the precials metals group instead of trying to just reason it out by yourself.
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