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RE: The Future Of Gold: Not Great

in LeoFinance3 months ago

Honestly, technology is taking over and we are creating invaluable stuff that could change how we live.

Gold is nowhere near that. It's another stone to me.

I cannot create something cool with it unless I am an artist. 🙄

Doge > Gold. Lol, Jk!

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gold is used by technology more and more. its a great conductor without oxydation problems. i bet you have a few grams in your pc.

with time the gold usage will move to more electronics and less investment

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That's another great use-case of Gold @thedd. I will take those few grams in my pc!

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we tried it a few years ago, not worth it. in theory (or on a larger scale) you can get the gold with electrolysis. we just could not get enough to justify the equipment price

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The scarce nature of it doesn't make it a reliable source to meet the demands.

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with time the gold usage will move to more electronics and less investment

That is probably true which will put gold on a different curve than it is now with the SOV built into it. Plus, then its value is based primarily on the utility which then depends upon the supply/demand breakdown even more.

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Gold is nowhere near that. It's another stone to me.

I dont know if it is just another stone. LOL

But I get your point. There are things that can usurp what it traditionally has offered. That is the point of the article.

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