pinqy
Gold Member
That is untrue. Gold could be traded straight up, or sold or exchanged for other goods, or simply enjoyed or used by itself.It has value only in relationship to the value of paper there would be no relationship if they weren't ultimately convertibleummm that is value. We don't currently use gold as currency or as money, but it still has value.wrong, gold has value only for its convertibility to paper money[a medium of exchange], without that you could make jewelry with it and some electrical stuff. .so gold would have value if it had no use as a medium of exchange?A store of value has value apart from its use as a medium of exchange.
Yes it would, absolutely.
I don't value my gold wedding ring based on my ability to turn it into cash.