Comment on Is gold investing a scam?
meco03211@lemmy.world 1 day agoBecause it was found by people in society. It was given value within an established society. I’m not saying no one will value it. I’m saying that until there is an established society, it won’t hold value. Then if you do end up in a society, you need to sway them to adopt gold as a currency while keeping your gold stores secret.
MDCCCLV@lemmy.ca 21 hours ago
It can be used for barter, gold had enough of a reputation that you can get anyone to trade you for it if they have an excess of something.