Quote:
Originally Posted by FD
An asset that exists purely for speculation and has no use cases or underlying value is the exact opposite of a safe haven.
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Gold isn't a whole lot different. It's only value is because it's pretty and people value it. It isn't highly valued because it has a practical purpose like say a cell phone, tools, home or vehicle. Sure, there are maybe a few practical purposes of gold but they are few and far between and don't have much to do with it's price.