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by ethbr1
1010 days ago
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Underappreciated point! What makes jewelery a good store of value? Value:volume ratio. Three trucks full of wet concrete have value too, but they're a helluva lot less convenient to bring with you in a bag on the run. Jewelry is (a) small, (b) valuable, (c) widely exchangeable for currency or goods. Sure, you're going to take a haircut on the price, depending on how screwed up your immediate environment is, but there will be some buyers at some non-zero price. |
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