Buying one way tickets to hell for Russian soldiers by selling off Russia's gold and treasure... What will be left when all the humans and gold have been carelessly traded away by Putin to power the mindless Russian war machine?

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[–] Buffalox@lemmy.world 16 points 14 hours ago* (last edited 14 hours ago) (1 children)

No it would not tank to be as worthless as paper, which was what I argued against.
You are arguing against a strawman.
If gold was only used industrially like steel or other metals, and the value was according to that, it would still be way more expensive than steel and aluminum.
Yes the shortage inflates the price, I never argued it didn't. But it is absolutely not worthless as the post I responded to claimed.

[–] Cypher@lemmy.world 5 points 13 hours ago (1 children)

If the gold price dropped significantly it would be used more often, in turn driving the price back up due to demand and limited supply.

You’re correct and anyone saying gold is worthless, or worth very little, is a fool.

[–] Buffalox@lemmy.world 1 points 2 hours ago

You are spot on that if gold was cheaper it would be used more. It is such an amazing material.