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<blockquote data-quote="DeusLuxMeaEst" data-source="post: 1549859" data-attributes="member: 892"><p>Gold is a metal and has been around since the beginning of time. In fact, if you were to choose ANY pure element as a store of value it would be gold (and to a lesser extent silver)</p><p></p><p>It's not very reactive, it's scarce, malleable, it doesn't tarnish, conducts heat and electricity, is dense and easy to store. When you look at all the historical options for something practical to use as money gold is it.</p><p></p><p>I guess you could use oil today but do you want to store gallons of oil on your property?</p><p></p><p>It was always just a practical choice as a store of value. A gold coin from 2000 years ago still has value.</p><p></p><p>I'm pro crypto, but more as an asset that gains in value, hard to preduct if it's really a store of value.</p></blockquote><p></p>
[QUOTE="DeusLuxMeaEst, post: 1549859, member: 892"] Gold is a metal and has been around since the beginning of time. In fact, if you were to choose ANY pure element as a store of value it would be gold (and to a lesser extent silver) It's not very reactive, it's scarce, malleable, it doesn't tarnish, conducts heat and electricity, is dense and easy to store. When you look at all the historical options for something practical to use as money gold is it. I guess you could use oil today but do you want to store gallons of oil on your property? It was always just a practical choice as a store of value. A gold coin from 2000 years ago still has value. I'm pro crypto, but more as an asset that gains in value, hard to preduct if it's really a store of value. [/QUOTE]
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