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Comment: Gold does have intrinsic value, unlike bitcoins.

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Gold does have intrinsic value, unlike bitcoins.

The value of gold is not based solely on perception. It has unique physical properties that have made it an object of desire for virtually all cultures for thousands of years. Gold is extremely dense, desired for its beauty, an excellent conductor, and has natural anti microbial qualities that make it very useful in medicine. It can be formed into a super thin foil used in scientific experiments, or into microscopic pellets to be used as a substrate for needle-free vaccines. It resists corrosion, is spread fairly uniformly across the globe, and the vast majority of all the gold ever discovered is still in existence. Not saying gold is THE answer, but it didn't become so important by accident.

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