wood for sheep?
this post was submitted on 28 Jan 2024
251 points (74.7% liked)
Memes
45662 readers
1041 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Gold has no intrinsic value to me I wonder if as the boomers start to die off if it will start losing some form of value
Well, it has value to people who make electronics, and that industry is still growing. So, not likely.
especially military specification electronics and extreme temperature range performance applications.
Unlikely. Part of why gold is so valuable is its inertness. It doesn’t corrode or rust, which makes it great for electronics.
It has some intrinsic value because it's a metal with a variety of applications. It just doesn't have nearly enough intrinsic value to justify its price.
For example, plating memory contacts and latinum
Rule of Acquisition number 102: Nature decays, but latinum lasts forever
We're gonna need a ton of it for all the space shit we're starting to do again.
Multiple tons.