A lot of people are lazy so they will want to believe in something to place their faith in. So believing in the bank and the stock market is only natural for a lot of people. I don't blame them but it's all about control and if people believe it, then nothing will be wrong. It does make me worried about Gold but I do think that the asset itself still has value. I do agree that it's uses are quite limited though but I do think that gold will always have quite a decent of value based on history.
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so believing in the bank and the stock market is only natural for a lot of people.
Value of most things is all just a belief, isn't it? The problem is when that belief falls down. If there is no practical use, then there is no long term value. Fiat will suffer this also.
It does make me worried about Gold but I do think that the asset itself still has value.
For sure - but it is only valuable when it is accessible. Imagine lugging gold around in a post-apocalyptic world :D