My biased guess: both have inherently little actual value. Some crypto has transactional values, and gold has minor value in production, but those aren't valued in gold speculation prices. They mostly ride on speculation and the fear of a serious economic issue (despite not being a panacea to those situations).
You can say that stocks and bonds don't have value, but the value of publicly traded companies is much more tangible. I can look and see that Apple is generating a profit and at least paying a dividend, and US and municipal bonds are backed by notable entities in our every day lives.
If you think those have no value and we're doomed as a society in the near future, you should be putting your money into food, water, and ammunition instead of gold and crypto.
latchkey|2 years ago
jjice|2 years ago
You can say that stocks and bonds don't have value, but the value of publicly traded companies is much more tangible. I can look and see that Apple is generating a profit and at least paying a dividend, and US and municipal bonds are backed by notable entities in our every day lives.
If you think those have no value and we're doomed as a society in the near future, you should be putting your money into food, water, and ammunition instead of gold and crypto.
lurking15|2 years ago
value is subjective, and most people value gold or bitcoin for their scarcity (an objective truth)