agree with this 100%. contrary to popular belief; gold will lose value over the longterm.https://twitter.com/nickszabo4/status/605890791991410690 …
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@ErrataRob@01101O10 A big % if gold's value is from use, and potential greater use (when mistrust rises) as reserve currency.
@ErrataRob @01101O10 Remainder still has some value due to jewelry-as-wealth-show, electronics, etc.
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@NickSzabo4@01101O10 if monetary value disappears, so so value-as-wealth-display -
@ErrataRob@01101O10 Like shell beads when they made way for gold & silver. -
@ErrataRob@01101O10 Now beads are just decorative.
End of conversation
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