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Is notion of gold as an asset going to become obsolete?

Opening Argument

the gold standard and assigning high value to gold as an asset or investment is a representation of physical economy.  
I argue that at some point, our asset value system will evolve based on digital assets, and gold will be one largely irrelevant, like tulip mania in 17th century.
it may take some time, like 100-200 years.
  1. Is notion of gold as an asset going to become obsolete?

    6 votes
    1. Yes
    2. No

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Status: Open Debate


  • No; unlike tulips, gold will always have intrinsic value.  If nothing else, it's used in several manufacturing processes that no reasonable substitute has been found.
  • @CYDdharta, i agree with gold most likely preserving some intrinsic value.  I wonder though if much of demand for gold is for jewelry and backing for currency. If that demand drops, so will price for this commodity 
    Live Long and Prosper
  • I think obsolete is too strong of a word, but I can see a risk of significant devaluation.
  • Yes, eventually, when all counties or most run out or low with their duopoly of gold.
    DebateIslander and a lover. 
  • randalrandal 61 Pts
    Will be extinct and resources deprecate such as gold and other primary materials.
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