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by ric2b 1914 days ago
Or gold, or dollars, or art, etc.
1 comments

Gold has a use, dollars are backed by a government. Owning original art is bragging/speculation. I read that the very expensive art that people buy isn't even hung on their walls to look at, they get a copy made for people to see, and put the original in a vault.
> Gold has a use

But I won't be happy if people stop buying gold and all I can do with it is sell it to some electronics manufacturer for 1% of the price I paid for it.

> dollars are backed by a government

Sounds great, what can I do if people stop accepting dollars in trade?

> Owning original art is bragging/speculation.

Agreed, so nothing new.