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0 sats \ 1 reply \ @kilianbuhn 10h \ parent \ on: Gold CRASHES It's All Over for the Boomers (Bloomberg, John Authers) econ
this makes sense tho. Yellow metal is almost worthless.
In a capitalist system you make economic decisions that make sense. "I want this because it's yellow" does not make sense. Buying Steel or Aluminium for using them instead makes more sense
Steel and aluminum have industrial use but are not scarce and durable as gold, so can't be use as money. Gold and silver makes much more sense as money. But even silver was somewhat demonetized because of industrial use.
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