In physical metals that don’t generate income or induce further economic activit... | Hacker News

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		quickthrowman 5 days ago \| parent \| context \| favorite \| on: Silver plunges 30% in worst day since 1980, gold t... In physical metals that don’t generate income or induce further economic activity, I don’t believe so. What good does a hunk of gold sitting in a safe do for the economy?

fuzzfactor 5 days ago [–]

>What good does a hunk of gold sitting in a safe do for the economy?

Not a whole lot once legal tender certificates can no longer be redeemed for the same amount of metal year after year.

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