{"type":"rich","version":"1.0","author_name":"uncleJim21 (npub1g5…e9lcr)","author_url":"https://nostr.ae/npub1g5642xjqyudstx4e9dc702m7suqqvx3djxcdyre38muz7pfwkzzsye9lcr","provider_name":"njump","provider_url":"https://nostr.ae","html":"The utility value of gold is like 10% of its market cap. Most of its market cap is imputed monetary premium (speculative). Its intrinsic value argument is moot and not a meaningful floor for price. \n\nI hate complacency and I think we have to push for MoE but I also think the store of value argument is much stronger for bitcoin which has a lower issuance rate than gold."}