@soapjackal @Outsideness @AnarchoPapist gold has a lot of speculation in its value, but I regard the jewelery desire as intrinsic. Also...
@soapjackal @Outsideness @AnarchoPapist @NRxNorth see the link in the other tweet on this. "Intrinsic value" is a term with diff interps
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@HbdNrx@Outsideness@AnarchoPapist @NRxNorth I read the link. Assumes that it pays literal cash money to be intrinsically valuable. -
@soapjackal@Outsideness@AnarchoPapist @NRxNorth no, people will buy goods and services even if they can't sell them. -
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth in which he posts the example of stocks that literally pay money in the form of dividends -
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth more over that usage of intrinsic value, by the authors own words, isnt the best predictor -
@soapjackal We all know that intrinsic value is not the only factor in the short-term price. The examples aren't as important as the def. -
@HbdNrx@soapjackal Even something useful can be worth $0 if you can't sell it. Say a used piece of 2x4 you find on the street. -
@Costofles
@HbdNrx you can sell a used piece of 2x4 it just may not be worth the opportunity cost to do so -
@soapjackal@HbdNrx Depends on where you are. In my neck of the woods junk lumber is easily scavenged. Market value <$0.01 - 10 more replies
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