jeffw@lemmy.world to politics @lemmy.world · 16 days agoUS selling 69K seized bitcoins could mess with Trump plans for crypto reservearstechnica.comexternal-linkmessage-square8fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkUS selling 69K seized bitcoins could mess with Trump plans for crypto reservearstechnica.comjeffw@lemmy.world to politics @lemmy.world · 16 days agomessage-square8fedilink
minus-squareprole@lemmy.blahaj.zonelinkfedilinkarrow-up0arrow-down1·16 days agoWhat makes gold valuable in this day and age beyond just peoples’ willingness to pay for it?
minus-squarejeeva@lemmy.worldlinkfedilinkarrow-up1·14 days agoIt’s very commonly used in, e.g., electronics.
minus-squareprole@lemmy.blahaj.zonelinkfedilinkarrow-up0arrow-down1·edit-214 days agoYes, but the value of gold is not determine solely by its industrial use. It would be far cheaper if it was… It is valuable because people believe that it is valuable. That’s literally it.
What makes gold valuable in this day and age beyond just peoples’ willingness to pay for it?
It’s very commonly used in, e.g., electronics.
Yes, but the value of gold is not determine solely by its industrial use. It would be far cheaper if it was… It is valuable because people believe that it is valuable. That’s literally it.