As I noted during a recent interview with the @WSJ’s @paulvigna, #Bitcoin
’s fundamental value is zero and is almost all speculative. While the Bitcoin bubble may continue to inflate, remember this incontrovertible truth.https://www.wsj.com/articles/bitcoins-value-is-all-in-the-eye-of-the-bithodler-11613826002?st=jdtssmbsgfjjs5z&reflink=article_copyURL_share …
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Tangibility
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right? i mean, intangible things are useless, stupid, and without value. love, freedom, joy -- all of it.
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Silver commands a hundredth of the price of gold, has very similar industrial properties and *also* has a historical monetary premium. Whatever "fundamental" value gold has, it's likely less than a fraction of a percent of its market value.%
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Silver is historically the store of value for the people. Gold is the choice of the world's wealthiest, a true reserve asset. Big difference.
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or USD's?
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Here's my answer to that: The sum total of the time, effort and labor put in to mine the metal, then adding the time to process it. To add to that, the scarcity of the metal, along with its industrial uses making it a Resource for those in need of it.
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Lol, you're just expanding on the case for
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At least silver can be used to treat burns!
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5000 years of history as the store of value par excellence. The choice of the world's wealthiest families and central banks.
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You truly are a CEO (read: non-technical/none value producer) coach lol.
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