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A comment on Apple iPhone 12: The chip advance set to make smartphones smarter. Parent comment

Re:Apple iPhone 12: The chip advance set to make smartphones... by codr7 on Tuesday October 13, 2020 @12:14PM (#24766942)
A friend of mine is buying gold. It's a mystery to me how you can sort of see that it's all going down the drain but still insist on believing that you'll be able to sail through it by careful planning. We're all in the same boat here, and it's sinking fast. It doesn't take much of a disaster for money (and gold) to become completely worthless.
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Re:Apple iPhone 12: The chip advance set to make smartphones... by burntoutfire on Tuesday October 13, 2020 @12:44PM (#24767255)
Was there ever a time in history (let's say, in the past 2000 years) when gold was worthless though? Barring from super specific events, like trying to escape from a sinking Titanic etc.
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Re:Apple iPhone 12: The chip advance set to make smartphones... by yazaddaruvala on Tuesday October 13, 2020 @01:36PM (#24767791)
Its not that gold is worthless, but it might be worth significantly less for you. A sovereign nation could institute a recall of gold devaluing the commodity[1]. A different sovereign nation could invade and take the gold by force.

Both of which have precedent in the last 100 years. Ofcourse if you only read history from the perspective of the winners, gold is always a good long term investment.

[1] https://en.wikipedia.org/wiki/Executive_Order_6102

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Re:Apple iPhone 12: The chip advance set to make smartphones... by burntoutfire on Tuesday October 13, 2020 @01:50PM (#24767922)
The great thing about gold is that it's easy to hide. From what I'm reading about the EO6102, most people just didn't obey it and kept the gold.
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Re:Apple iPhone 12: The chip advance set to make smartphones... by willvarfar on Tuesday October 13, 2020 @01:29PM (#24767715)
Just going off on a tangent, but Vikings seemed to prefer silver to gold. It’s hard to entangle cause and effect and silver mining in the Middle East around that time, though.
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