Or you know, be a manufacturer of computer chips or medical tools or other electronics that use gold...
(as a store of value, gold isn’t going anywhere unless we discover a whole lot of it very fast. Possible, but not likely in the near term)
Why not have both? Or just Bitcoin if that's your thing. Gold/silver have massive industrial application, they are not just used as a store of value.
The value of gold as a building material is far lower than the price of gold as a store of value.
Gold is used less frequently as a building material than copper, which is in every single house in the first world, and almost all houses in the third world, aside from shanties.
Silver and platinum are used far more frequently than gold as a material.
Here are market caps of precious metal commodities right now:
Gold: ~10,000 B
Silver: ~1,500 B
Platinum: ~6B
Copper: ~60B
I wouldn't be surprised if the price of gold fell to match the value of these other metal commodities, which would make it's price somewhere in the range of copper, silver and platinum which means ~90% drop in price as the value of gold is reflected in the market.
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