Analysts warn that loose monetary policy, global conflicts and declining trust in institutions are driving the surge in gold.
  • HubertManne@piefed.socialEnglish
    2·
    9 hours ago

    Yeah although its actual value is basically maluablness and prettiness and non corrosion which is why its nice in jewelry and its conductive properties to some degree. Its larger value is essentially the same as fiat. Percieved value.

    • Soggy@lemmy.worldEnglish
      2·
      8 hours ago

      Yes, but that perceived value has existed for thousands of years across many forms of civilization. Gold is a pretty safe bet. Humans like shiny.

      • gandalf_der_12te@discuss.tchncs.deEnglish
        1·
        6 hours ago

        Humans like shiny.

        guess what’s also shiny? all the advertisement that companies put out for stupid products. doesn’t that make a lot of other things just as shiny?