alt Hacker News> How does holding gold protect from devaluation?
I think the idea is to rise the value of your currency, you rise the demand for your currency, by selling for it something that everybody wants, like gold.
Of course this demand is artificial and you'll run out of hold to sell at some point, but it can hopefully carry you over thd bump.
I still don’t get it. Why does everyone want gold? Its uses are some types of electronics and jewelry. Almost seems like crypto, it has value because it is somewhat rare… and everyone else also thinks it has value.
Sincere question.