It’s a deliberate connection: It’s properties as a resource is precisely why humanity chose it as its money.
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Replying to @MustStopMurad @yevgenydevine
Has nothing to do with its industrial value or use value. Has everything to do with it being hard to inflate.
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Replying to @MustStopMurad
Yevgeny Retweeted Yevgeny
Again, that's unsystematic. Gold is not used as money in any form anymore. All of it stands true for gold.https://twitter.com/yevgenydevine/status/980315732671127552 …
Yevgeny added,
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Replying to @yevgenydevine
You said “gold is not used as money in any form”. SoV is one 3 functions of money.
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Replying to @MustStopMurad
You confuse possibility with necessity, it's a modal fallacy.
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Replying to @yevgenydevine
Your statement regarding “Gold is not used as money in any form” is nevertheless false, though
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Replying to @MustStopMurad
The keyword is "anymore", you missed it. Small groups of people do not count.
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Replying to @yevgenydevine
$3Trillion+ worth of monetay premium is non-trivial. The entirety of India, among many other cultures, use it as a store of value.
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Certainly more reliable and antifragile than the shitcoin that is the Ruble...
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