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by BjoernKW 972 days ago
Those properties are not what people commonly think of when they attribute value to gold, though.

In particular, the idea that gold is a crisis-proof currency has nothing to do with these properties, but rather the notion that because its supply is limited (in contrast to fiat money) and it can't be reproduced or counterfeited, it will be accepted as a medium of exchange even in the most dire economic scenarios such as a complete societal collapse.

Perhaps paradoxically, though, in such a scenario gold has particularly little - if any - remaining economic value.