Having read about the London gold fix recently i wonder why is gold (or anything for that matter) a safe place to put your faith in.
When a few bankers decide on the price twice daily (I call this manipulation) and the free markets (or me and you) have no say whatsoever whay are we so invested in it?
Please offer some input
Why does gold have value?
Let's go back to basics and think.
What is the inherent value proposition of gold. What is its usability. Excluding consensus.
Its inherent value is that it’s literally a store of value. It’s nigh immutable. It doesn’t change.
Eh...gold is valuable because someone says so. There is no other reason. Its kinda purdy. Everything is manipulated beyond recognition, and that includes the price of gold.
Literally no. Gold has had intrinsic value since the dawn of human civilization. Prices of goods in gold do not change. Paper gold is a racket. Actual gold is not.
Who says?
You know how they do diamonds, right? Why not gold too? SOMETHING has to be the anchor, even if it isn't REALLY an anchor, you know?