>>66063

It holds value.

All of the gold ever mined by humans wouldn't even fill a football field with a three meter high stack. It does not rust or corrode in all but the most specialized of chemical formulations… And can be easily precipitated out of those.

The gold used by the Egyptians is still being used today as a form of money.

Compare that to every paper currency in existence. Gold is an asset because of its rarity and the energy required to obtain/purify it. Those who hold it will always command influence - provided they can secure it.

That is what gold does. I mean - there are some interesting applications in stained glass where micronized gold becomes an extremely powerful catalytic metal under UV from the sun… As well as some technology used - but its primary purpose is store of value. This is even more powerful when currencies are used to manipulate the perceived value of gold… Acquire vast sums of it… Then crash the currency and be the one holding most of the real asset classes.

>>66164

In that case, ancient and current gold output would have needed to have been about an order of magnitude greater.

Historically, silver has traded 20:1 with gold going back as far as records exist. This is about the ratio of silver to gold in the crust. So… I see little reason to suspect there is massive supply of gold a whole order of magnitude greater than what is projected to exist.

Compared to the production of ferrites, titanium, alumina, and copper… Even a supply ten times what is projected would be vanishingly small next to the supply of industrial metals.

>>66193

That is what is special about it. It is this thing that you can mold into defined, fungible units that won't corrode. Gold sitting in the sea for a thousand years will still shine.

It doesn't enable mind control or prayer missile technology.

Consider how much more powerful gold is than that. Forget technology or soul stones of supernatural power… That is petty by comparison to the power gold has in the perspective of economics. You can buy the world. Literally buy destiny, if you are clever and don't get too conceited.

You can trade the banks for shares in their debt… Then have them pay you back gold… Plus the interest. All the while, inflating fiat currencies used to launder assets into your estate. The paper currencies are a tool of economic control to be issued high and traded low.

Owning gold in a fiat currency system is a key to being able to control the expansion and contraction of economies - thereby progressively increasing ownership of other assets. You use the gold to buy houses then use the rent to buy back the gold. Then you buy the factories and use the profits to buy back the gold… If you even need to touch the gold. You sink paper assets into derivatives of gold to depreciate its traded price. Hell… You may even put up a few ounces of your own gold and then allow 300 people to buy a chance at owning that ounce of gold if they ever show up to claim it.

Labor can be bought. Skills can be bought. Land, resources, etc… So long as the public believes that gold and silver have prices … That money is the paper or digits in a bank's balance sheet that can be freely manipulated at will… Gold is a kingmaker. The fools trade in paper while their purchasing power is siphoned away. Inflation steals purchasing power from the holders of a currency and awards it to the issuer of that currency - or the holders of assets.

The entire course of history is yours to command if you hold the right assets and can keep the population ignorant. Hell… If you aren't eating babies and are a good Steward of such a post… Then you'd probably get away with it and no one would be any the wiser if you weren't an evil ass about it.

>>66447

True, to a very limited point. Tin is a far more prevalent metal. It is far easier to produce, and it's value per unit of mass would decline as mines cropped up to make more.

Gold is valuable because it has few industrial uses. It is rare and requires considerable investment to make more of it. I can store a lot of value in a very small amount of area and weight relative to other assets. While there are times where gold is worthless, this is effectively never the case outside of apocalyptic scenarios where nihilism reigns.