"Chemically, it is uninteresting - it barely reacts with any other element."
What a bad start, this is chemically very interesting... :)
The whole article comes across this way to me, it starts from a bad hypothesis and then continues to make baseless assumptions until it reaches its desired conclusion. :/
It explains a load of reasons exactly why gold has value, then claims that this is not intrinsic?
Interesting read though... I do enjoy that we have abandoned gold and silver standards, although knowing this does make me wonder why our leaders are so terrible at managing the economy. We made it easy for ourselves, and now we have politicians selling us the idea that its complicated to fix...
Gold's market price is completely disconnected from its simple "intrinsic" value. How much gold would you buy if you were never allowed to sell or trade it? Maybe a pair of earrings? If you own more gold then the amount you answered, you effectively believe that gold is worth more then its "intrinsic" value (for example, you could believe it has value as a medium of exchange or a store of value).
maybe i just don't know what i'm talking about, but i feel there is a disconnect, but its not clean - its because of the intrinsic value that it is such a 'tradeable' thing.
the prices of many things are driven by supply and demand, and i'm not going to disagree with that, but the article gives far too much weight to that side of it imo and poisons me against it with sloppy wording.
without the intrinsic value there would be no demand...
its not like, e.g. bank notes, EPNS or copper coins, whose value is almost entirely due to trading and very nearly completely disconnected from their intrinsic value. even then they inherit some of their value from their durability and utility in that arena...
tbh, i've only ever bought gold for cosmetic reasons... i know very well that gold contacts and radiators are generally a sales gimmick rather than beneficial.
What a bad start, this is chemically very interesting... :)
The whole article comes across this way to me, it starts from a bad hypothesis and then continues to make baseless assumptions until it reaches its desired conclusion. :/
It explains a load of reasons exactly why gold has value, then claims that this is not intrinsic?
Interesting read though... I do enjoy that we have abandoned gold and silver standards, although knowing this does make me wonder why our leaders are so terrible at managing the economy. We made it easy for ourselves, and now we have politicians selling us the idea that its complicated to fix...