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

Debate Information

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. https://en.m.wikipedia.org/wiki/Tulip_mania
it may take some time, like 100-200 years.
joecavalryrandal
  1. Live Poll

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

    7 votes
    1. Yes
      57.14%
    2. No
      42.86%



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    Arguments


  • CYDdhartaCYDdharta 1823 Pts   -  
    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.
  • agsragsr 881 Pts   -  
    @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
  • islander507islander507 194 Pts   -  
    I think obsolete is too strong of a word, but I can see a risk of significant devaluation.
  • joecavalryjoecavalry 430 Pts   -  
    Yes, eventually, when all counties or most run out or low with their duopoly of gold.
    DebateIslander and a DebateIsland.com lover. 
  • randalrandal 67 Pts   -  
    Will be extinct and resources deprecate such as gold and other primary materials.
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