eli5: Why is investing in Gold considered so secure?
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Gold can be used to make things like computers, jewelry, connectors, and many other stuff. That is why it will always have value, that makes it secure.
Money only has value because people assign value to it. But don’t let that fool you.
I can go to the store, give someone these seemingly worthless pieces of paper and out i walk with a brand new TV. That same store employee at some point gets to keep some of that money when they get payed. They too get to walk into a store, buy some groceries and come home with food. I don’t want to be luggin around 50 pounds of gold everyday just to buy stuff. So i value money, same as everyone else and that is why it works.
Now lets talk about some kind of “Gold” visa card… that would be interesting.
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