Is notion of gold as an asset going to become obsolete? - The Best Online Debate Website | DebateIsland.com The Best Online Debate Website | DebateIsland.com
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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. https://en.m.wikipedia.org/wiki/Tulip_mania
it may take some time, like 100-200 years.
joecavalryrandal
  1. Is notion of gold as an asset going to become obsolete?

    6 votes
    1. Yes
      66.67%
    2. No
      33.33%



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11%
Margin

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Status: Open Debate


Arguments

  • 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 812 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
  • 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 DebateIsland.com lover. 
  • randalrandal 64 Pts
    Will be extinct and resources deprecate such as gold and other primary materials.
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