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