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by CallMeJim 1319 days ago
It is an asset, unless you consider gold etc. to not be assets either?
1 comments

Gold has industrial uses without even talking about jewelry. Even if everyone stopped valuing gold as a form of currency, it would still has some intrinsic value.
What would that value be though? 20% of its current value? Would you then say that gold was only 20% asset and 80% ponzi?