Silver is having another banner day so I have discovered a new fun hobby
then you find some random youtube video about silver and read some of the most pure Ugandan Copium you will have seen since the Gamestop nonsense
Ohh this poor guy
Crypto bros and Commodity traders both look at each other like retards but the reality is they are both 2 sides of the same coin, they both shit all over the dollar and preach about its coming "Dollar Demise" yet ALWAYS value their given product in USD
its hilarious, in a single comment you will see one of them go
"See chud, this is why gold/bitcoin is going to destory the dollar, on day it will be worth a million dollars an ounce or per coin"
If the dollar collapses are you going to start shaving off little shavings of gold for bread?
I think what alot of people seem to forget is the concept of currency period, not what the currency is but its sheer concept can only exist in a "organized society" you need to have regular and high volume SAFE trade to justify haveing a unified medium of exchange, over time we have learned that that medium needs to be, easy to transport, hard to replicate(forge), and be non perrishable. Gold just fit that bill very very well, it was damn near impossible to make a "fake" of gold that even a semi competent merchant cant spot and its easy to transport as opposed to say, 40,000 bushels of wheat.
In more modern times we have realized we can do the SAME concept with special paper and then even more recently we have found we can do the same with special bits of code.
None of this things, the gold, the paper or the code have any "intrinsic value" even if you want to argue any one of them has "utility" thats not the point, they only have the VALUE we wish to give them, or put more succinctly
"Something is only worth what someone is willing to pay for it"
If the dollar collapses, who is going to want your gold? people are going to want food, shelter and clean water like we always have, will the gold have value again as society gets rebuilt? sure, but thats 2 steps ahead of where we are at, the crash and survival period are not doing to be times where you get to sit around your safe and count your stacks.