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by fexl 4836 days ago
No matter how severe a crisis, once the dust settles, gold will always be worth something, for reasons I don't understand.

The reasons is simple: gold has specific physical characteristics which many people for a very long time have regarded as suitable for use as physical money: principally, it's durable, rare but not too rare, recognizable, and easily divisible. That widespread subjective assessment is unlikely to change.