/biz/ - Business & Finance

>>57803758
>>not planning on buying things with Gold
Gold is valuable for its chemical properties.

>>not planning on buying things with NVDA
Productive asset with value pegged to actual economic activity, unlike Bitcoin.

>>not planning on buying thins with S&P 500
Productive asset with value pegged to actual economic activity, unlike Bitcoin.

You're comparing apples & oranges there, bub.

>>57742715
>because there were no better alternative. have you tried opening your eyes right now? also the value of gold didn't caught up with all the money printed in the past decades. but the fact is still that people lost value over the years as the supply increased compared to a situation where it wouldn't. 2% a year is not at all negligible and like I explained population could suddenly drop for many reasons, which would lower the value because there would be more supply for less people.

Gold has guaranteed demand from the tech/industrial and jewelry sectors, 100% of the demand for it as a SoV/investment could vanish tomorrow and it would still have value, not as much as before BUT it wouldn't drop to zero.

Bitcoin, on the other hand, relies primarily on fraudulent trading and FOMO to keep it propped up these days. It has objectively failed as a medium of exchange and nobody actually uses as a store of value so once a critical mass of bagholders finally realize that there's no real economic activity justifying its overinflated price, game over.

And no, no amount of appeals to MUH ABSOLUTE DIGITAL SCARCITY changes this.

>>25935991
Jewelry is retail use and is most of gold's demand.
You /pmg/ niggers are retarded for baselessly thinking monetary reasons are most of gold's demand.