Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 22 days agoAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comexternal-linkmessage-square239fedilinkarrow-up1452arrow-down121
arrow-up1431arrow-down1external-linkAs Gold Hits New Record, Some See Warning Signs of Civilizational Collapsewww.newsweek.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 22 days agomessage-square239fedilink
minus-squarewhotookkarl@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·21 days agoDo you think most of gold’s current trading value comes from it’s utility, or it’s rarity?
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up4·21 days agoBoth, if it was more common it would hold less value. If it served fewer purposes it wouldn’t remain valued.
minus-squarewhotookkarl@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·21 days agoBut clearly one more than the other, aluminum is extremely useful but not very rare and is worth about $1.25 per pound, it’s price is a fraction of gold at $63,000 per pound
minus-squareQuoVadisHomines@sh.itjust.workslinkfedilinkEnglisharrow-up2·21 days agoYes the rarity is a bigger factor.
Do you think most of gold’s current trading value comes from it’s utility, or it’s rarity?
Both, if it was more common it would hold less value. If it served fewer purposes it wouldn’t remain valued.
But clearly one more than the other, aluminum is extremely useful but not very rare and is worth about $1.25 per pound, it’s price is a fraction of gold at $63,000 per pound
Yes the rarity is a bigger factor.