Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
markj113
on 24/05/2018, 18:19:52 UTC
Nice pieces, but aren't their historical value higher then the value of their gold content?

Yes but same principle applies to old gold sovereigns for example that are over a hundred years old but only worth bullion values.


Do you even listen to yourself?  Intrinsic value is based on the needs of society....  
How do you call the needs of a society "intrinsic" to a piece of gold?  
And then you call me confused...

I thought he made that clear - industrial uses.  There are also cultural uses such as wedding rings and other jewellery, dentistry etc.