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remember now - gold has no 'worth' Its only valuable because of its utility as currency, and its standardization as such
by imatworkyo 13y ago
remember now - gold has no 'worth'
Its only valuable because of its utility as currency, and its standardization as such
- TylerE 13y agoThat's not true at all. Aside from it's use in jewelry, gold is used in electronics and industrial chemistry. It actually has industrial uses, thus there is a certain floor on it's value.
- Sambdala 13y agoHowever, that floor (due to industrial/etc uses) is probably in the neighborhood of $10-$20 per Oz, or completely decoupled from the actual price at any given time in written history.
- Peaker 13y agoIt has some 'worth' as it is useful for making nice jewelry and is a good conductor too.