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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Replying to @01101O10
@01101O10@NickSzabo4 Uh, no. Gold's value in jewelry comes from the fact that it is expensive, to flaunt wealth.2 replies 0 retweets 0 likes -
Replying to @ErrataRob
@ErrataRob@01101O10 A big % if gold's value is from use, and potential greater use (when mistrust rises) as reserve currency.2 replies 0 retweets 1 like -
Replying to @NickSzabo4
@NickSzabo4@01101O10 Tiny % of gold's value is from any use other than monetary.2 replies 0 retweets 0 likes -
Replying to @ErrataRob
@ErrataRob@01101O10 Monetary use is store of value. Show of wealth is something else. Most Au monetary use will go away.1 reply 1 retweet 4 likes -
Replying to @NickSzabo4
@NickSzabo4 Time until trust can be established. 30 years??@01101O10@ErrataRob1 reply 0 retweets 0 likes
@SBartender @01101O10 @ErrataRob Probably much longer than that, but hard to say.
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