/biz/ - Business & Finance

>>6789372
> history of association with luxury and b/c it's a pretty shiny metal
People understand gold is often used in electronics, right? Also, unlike most other metals used for anything it never rusts. You can throw a piece of gold in the ocian and in 100 years it will still be there.

I can see how it's overvalued and exploited by conman, but I will never understand anyone would say humans only value precious metals because they're "rare and shiny". Are people retarded?