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Because

50.00% - Gold has industrial demand and millennia of proven value; crypto is an entry in a distributed ledger â€” one of these is money, the other is a game.
30.00% - Precious metals have value. Gold is a better conductor of electricity than copper.
20.00% - Gold’s value is largely dependent on social structures and traditions, which exist globally, and therefore is unlikely to decline substantially.

Argument 831

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Precious metals carry intrinsic industrial demand independent of their role as a store of wealth.

Platinum - Wikipedia en.wikipedia.org

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