Gold is nothing but an uncertainty indicator proxy, if gold price goes up, people are unsure in the market and future returns and thus buy gold, if the price is low the market and economy feels stable and people don’t buy gold
Is there any gold involved in the process of you typing and posting that comment?
Could there maybe be, I dunno, gold, literally as a direct component in, or vital to the manufacturing process of … maybe some kind of computer chip or something?
Sure, gold has its actual uses, that’s why it’s marginally better than bitcoin, but the majority of gold is in jewelry or used as a investment vehicle.
Gold is nothing but an uncertainty indicator proxy, if gold price goes up, people are unsure in the market and future returns and thus buy gold, if the price is low the market and economy feels stable and people don’t buy gold
Question for you:
Is there any gold involved in the process of you typing and posting that comment?
Could there maybe be, I dunno, gold, literally as a direct component in, or vital to the manufacturing process of … maybe some kind of computer chip or something?
Sure, gold has its actual uses, that’s why it’s marginally better than bitcoin, but the majority of gold is in jewelry or used as a investment vehicle.