Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
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...
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.
I was talking talking about the bullshit concept of "intrinsic value", which is right out there with phlogiston.
At this point I feel like I am highjacking the thread though, so I'll quit talking about it (for now
).