>>507836538 (OP)>Why the fuck are boomer fags so annoying with these shiny rocks? They do not serve any purpose, are not limited and are extremely overinflated in valueYou don't seem to understand the fundamentals of "what is money?".
We have a thread like this every week, if not every day.
Let me put in a way that makes sense, even to retards :
So you think FIAT money, aka paper money has more instrisic value than gold?
You think a 10$ bill has more of a "purpose" than an actual precious metal like gold that has actual applications and is highly desired?
The only reason paper bills and virtual dollars have value is because everyone agrees and plays along, with the state enforcing the value of their own money, by force if necessary.
Gold doesn't work like that.
Gold is always valuable.
There's plenty of applications for gold, from jewelry to electronics, but that's not the point.
The point is that gold is used to STORE VALUE THROUGH TIME.
That's the key.
So people like of OP need to ask themeselves : "What is the function of money" fundamentaly speaking.
Yes, money is used as medium for exchange, but the other function is to "store value through time".
If I'm a farmer, and sell potatoes, I need to transfer the value of my potaoes into money, because after a while food spoils, so it doesn't keep its value through time.
That's an essential function of money.
Gold's main strength is exactly that.
Gold has always been highly valuable, throughout the vast majority of time and geography.
Gold was a valuable 3000 years ago and it will still be highly valuable 3000 years from now or even 30 000 years from now.
So that's the reason Gold is so popular, it's because precious metals are considered among the safest of investments.
It's a very limited ressource with a steady and predictable flow of new gold with adds 2% to the total amount of gold every year, making it incredibly steady.
That's why Gold is Based.