LogFAQs > #950379858

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red sox 777 02/07/21 1:46:41 PM #262:	I would say that gold and silver have the same characteristic where most of their value comes from people collectively assigning them value. Fiat currency definitely has that characteristic. But, gold and silver have been valuable for thousands of years, and that's because people genuinely believe it is valuable, so they are willing to hold it. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:950379858] in Stock Topi... [t:79277198]...</cite> <quote>I would say that gold and silver have the same characteristic where most of their value comes from people collectively assigning them value. Fiat currency definitely has that characteristic. But, gold and silver have been valuable for thousands of years, and that's because people genuinely believe it is valuable, so they are willing to hold it. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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