Gold is going to lose its value as Jewelry if it loses its value as money. No one is talking about this.
People wore gold to show wealth.
Discussion
yup and then people will realize platinum is the superior jewelery material.
WHY
because platium doesnt lose material when scratched. keeping platinum clean and shiny is easier.
Yes. And platinum is the superior money. More dense and gold is mined 20 to 1. So, platinum is much more scarce.
Most people wonāt have BTC so gold will still be worth more than fiat or silver or copper
who the f is buying gold AFTER Bitcoin demonetizes it?
To much gold being discovered look into people thereās tons everywhere itās a joke the current price of gold and the amount being discovered itās ridiculous only a matter of time as a Bitcoiner this discussion is moot for me just throwing in my 2 sats š«š«”š
It's only matter of time when Bitcoin eats golds monetary value. Could be sooner than later. Benefits are obvious to anyone analytical.
Gold has only Lindy to Bitcoin.
well said
But itās so shiny!
I'm hearing reports that Platinum is
*checks notes*
also shiny
Itās true, we like it because it is scarce and scarcity demonstrates wealth but yeah slowly but surely itās becoming less scarce, like how diamonds can be man made now and are very hard to distinguish from mined diamonds. Listen to the latest TFTC podcast with Jesse Meyers they talk about humans fascination with scarcity, very interesting.
Platinum is more scarce than gold. Why aren't people wearing more platinum?
Tradition for one.
Also gold is more malleable and easier to work with. Humans have been using it for this purpose for millennia.
tradition had to start somewhere, though your second point is a great one.
My argument was just that gold being the better monetary metal contributed to it being jewelery more than just scarcity on its own.
Tradition simply due to being easier to process, and easier to work with using simple tools by our ancient ancestors. You can just find lumps and flakes of almost pure gold.
Maybe as long as 6500 years ago.
Why didn't you just tell me you were wicked smaht
I just like reading about history. Gold had some interesting material properties, including relatively small amounts being able to be stretched over a huge area, and a high resistance to tarnishing. Gold leaf has been used for thousands of years to decorate architecture and art.
https://stonehouses.co.uk/blogs/blog/gilded-elegance-a-thousand-years-of-gold-leaf-history