• ranzispa@mander.xyz
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    19 hours ago

    How many things relevant in your life are made out of gold? I guess jewellery, computer and phone. Real things that matter to people the most are completely unrelated to gold.

    The fact that it is a material that does not degrade makes it a good choice as a vector for value. It is good to be used as money for that reason. If you use iron as money it will eventually rust out and leave you broke.

    The other properties of gold are quite irrelevant to the fact that it has been selected (over and over again through history) as a value vector.

    • tyler@programming.dev
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      8 hours ago

      seeing as how it’s used in corrosion-resistant connectors in things like planes’ jet engines and transit systems, probably also in many of the electrical systems keeping every city on the planet running, I’d say that gold is quite important to society continuing to function.

      • ranzispa@mander.xyz
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        17 hours ago

        Indeed, that is out of question. The matter of discussion is that the value of gold is attributed and not intrinsic, since gold does not really cover any fundamental human need. Besides, gold is not strictly required to make computers.

      • ranzispa@mander.xyz
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        18 hours ago

        I really don’t know what you’re talking about. I’m sorry, I am not American and I do not know who Bannon is. I hope full control of the media won’t be a thing, but how is this related to gold?