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Getbig Main Boards => Gossip & Opinions => Topic started by: obsidian on January 05, 2021, 03:59:47 PM

Title: What P. Schiff does not consider: Gold Price suppressed because of electronics?
Post by: obsidian on January 05, 2021, 03:59:47 PM

Had an interesting discussion with someone today. Gold is used in a lot of electronics because it does not corrode. It's used in space equipment as well. If the price of gold is too high the cost of electronics would go up. So there is an incentive to keep the price within reason. Bitcoin does not have this issue. So it is free to rise.

Title: Re: What P. Schiff does not consider: Gold Price suppressed because of electronics?
Post by: IroNat on January 05, 2021, 04:42:19 PM

Can I sell you some tulips?

(https://nomadbiba.com/wp-content/uploads/2017/04/tulips-in-holland.jpg)