Is gold tangible, clear, finite and with intrinsic value?

Gold “Tangible” and “Clear”; People “Unnerved” About “Money” in “Bottomless Cyber Space”
the beauty of gold is that it seems tangible, clear and finite. It also seems timeless, creating an impression of permanent, intrinsic value.

Of course, this image is – ironically – also an illusion. You cannot actually do anything practical with gold (as you can, say, with a lump of coal). Its value, like that of fiat currency, depends on social convention. But culture, as Greenspan now recognises, is a very powerful thing

http://www.zerohedge.com/news/2014-11-25/fts-tett-gold-%E2%80%9Ctangible%E2%80%9D-and-%E2%80%9Cclear%E2%80%9D-people-%E2%80%9Cunnerved%E2%80%9D-about-%E2%80%9Cmoney%E2%80%9D-%E2%80%9Cbottomless-cyb

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One thought on “Is gold tangible, clear, finite and with intrinsic value?

  1. I think all sensible people should boycott gold because (1) it’s value is imaginary (mostly, it is useful for electronics), (2) gold mining is environmentally destructive, (3) Vladimir Putin bought a lot of gold and driving the price down will hurt him.

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