Comment on Is gold investing a scam?
Kolanaki@pawb.social 5 days agoIdk man… Humans like shiney baubles. Remember: Gold was a valuable commodity before we even had legit uses for it beyond decoration.
Comment on Is gold investing a scam?
Kolanaki@pawb.social 5 days agoIdk man… Humans like shiney baubles. Remember: Gold was a valuable commodity before we even had legit uses for it beyond decoration.
meco03211@lemmy.world 5 days ago
Because it was found by people in society. It was given value within an established society. I’m not saying no one will value it. I’m saying that until there is an established society, it won’t hold value. Then if you do end up in a society, you need to sway them to adopt gold as a currency while keeping your gold stores secret.
MDCCCLV@lemmy.ca 5 days ago
It can be used for barter, gold had enough of a reputation that you can get anyone to trade you for it if they have an excess of something.