Re:Bitcoin Futures Could Open the Floodgates for Institution...
by jabits on Wednesday November 01, 2017 @04:14AM
(#15599537)
...it was the ability to melt them down and produce jewelry, teeth or other valuable things
Not true. Gold has its value mostly because it is rare. Jewelry can be made of silver, copper, and any number of other metals. Its "real" value exists because people believe in its "intrinsic" value, not practical value.
Not true. Gold has its value mostly because it is rare. Jewelry can be made of silver, copper, and any number of other metals. Its "real" value exists because people believe in its "intrinsic" value, not practical value.