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Do most people understand why gold has value?
372 sats \ 10 comments \ @kepford 6h AskSN
Been listening to TradFi people talk about and try to explain Bitcoin and it occurred to me. Do most people really understand gold?
You can't create it. You can't destroy it. It's supply is limited and takes energy to acquire. It can be validated. It's fungible. It's fairly salable.
Do people get any of that? Or is it what I think. People think it's value is jewelry.
Yes15.4%
Nope84.6%
26 votes \ 18h left
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33 sats \ 0 replies \ @Scoresby 6h
You can't create it.
(#1048905)
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10 sats \ 0 replies \ @OT 4h
Probably most understand that it's rare and shiny. Probably not much else.
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0 sats \ 0 replies \ @BitcoinIsTheFuture 2h
Only from music songs!
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0 sats \ 0 replies \ @Machiavelli23 2h
“Shiny rock”
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0 sats \ 0 replies \ @bitcoingecko 4h
Most people think that its value in technology has to do with it's value from my experience.
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0 sats \ 0 replies \ @Msd0457890 5h
It is a rather relative question, many people know the value of Gold, and yet they do not see it as something that allows them to store value.
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0 sats \ 0 replies \ @lrm_btc 5h
I mean, I used to think they did, but after listening to Peter Schiff peddle the utility value, I wonder.
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0 sats \ 0 replies \ @Signal312 6h
No, they really don't.
People do not understand that it's SCARCITY that gives gold it's value.
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0 sats \ 0 replies \ @0xbitcoiner 6h
How much gold has been found in the world? #832953
Jewellery Demand
Gold jewellery represents the largest source of annual demand for gold per sector. This has declined over recent decades, but it still accounts for around 50% of total gold demand.
India and China are by far the largest jewellery markets, together accounting for over 50% of the global total. The Asian and Middle Eastern markets are dominated by demand for purer, higher-carat gold.
https://www.gold.org/about-gold/gold-demand/by-sector
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0 sats \ 0 replies \ @Undisciplined 6h
Generally, I don't need to know what the last part of a "Do people understand ______?" question is, to think the answer's probably "no".
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