• SCB@lemmy.world
    cake
    link
    fedilink
    arrow-up
    7
    arrow-down
    2
    ·
    edit-2
    8 months ago

    It’s not weird once you realize that almost nothing has any inherent value if it isn’t food, medicine, ammunition, or fuel.

    Gold does not have any inherent value. It has value for the exact same reason money does, only fiat currency isn’t prone to the problems a gold standard causes.