You are viewing a single comment's thread from:
RE: 50 Shades Of Cryptocurrency : The Noobies Chapter/Series
Gold is a rare metal that has numerous industrial and medical uses besides monetary uses. Forking off more forks from bitcoin won't create more value. As a matter of fact it is harmful since new investors will get confused about the different forks and stay away or instead go invest into other alt coins.
There are some industrial and medical uses for gold. But in small proportion to the comparable scope of uses for silver, and yet silver is a fraction of the price. Gold price is not due primarily to industrial and medical uses. Gold price is due mostly to gold being gold.
Yes I agree. Btw the price of silver is so cheap right now. Wonder why.