Gold for houselemmy.caimage n7gifmdn ( @n7gifmdn@lemmy.ca ) Memes@lemmy.mlEnglish • 8 months ago message-square20fedilinkarrow-up1192
arrow-up1192imageGold for houselemmy.ca n7gifmdn ( @n7gifmdn@lemmy.ca ) Memes@lemmy.mlEnglish • 8 months ago message-square20fedilink
minus-square Yewb ( @Yewb@kbin.social ) linkfedilink5•8 months agoGold has no intrinsic value to me I wonder if as the boomers start to die off if it will start losing some form of value
minus-square HikingVet ( @HikingVet@lemmy.ca ) linkfedilink6•8 months agoWell, it has value to people who make electronics, and that industry is still growing. So, not likely.
minus-square Jessica ( @SayJess@lemmy.blahaj.zone ) linkfedilinkEnglish5•edit-28 months agoUnlikely. Part of why gold is so valuable is its inertness. It doesn’t corrode or rust, which makes it great for electronics.
minus-square lolcatnip ( @lolcatnip@reddthat.com ) linkfedilinkEnglish4•8 months agoIt has some intrinsic value because it’s a metal with a variety of applications. It just doesn’t have nearly enough intrinsic value to justify its price.
minus-square I_am_10_squirrels ( @I_am_10_squirrels@beehaw.org ) linkfedilink3•8 months agoFor example, plating memory contacts and latinum
minus-square AndrasKrigare ( @AndrasKrigare@beehaw.org ) linkfedilink4•8 months agoRule of Acquisition number 102: Nature decays, but latinum lasts forever
minus-square TimeSquirrel ( @TimeSquirrel@kbin.social ) linkfedilink2•8 months agoWe’re gonna need a ton of it for all the space shit we’re starting to do again.
Gold has no intrinsic value to me I wonder if as the boomers start to die off if it will start losing some form of value
Well, it has value to people who make electronics, and that industry is still growing. So, not likely.
Unlikely. Part of why gold is so valuable is its inertness. It doesn’t corrode or rust, which makes it great for electronics.
It has some intrinsic value because it’s a metal with a variety of applications. It just doesn’t have nearly enough intrinsic value to justify its price.
For example, plating memory contacts and latinum
Rule of Acquisition number 102: Nature decays, but latinum lasts forever
We’re gonna need a ton of it for all the space shit we’re starting to do again.
Multiple tons.