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RE: Is Bitcoin a Fiat Currency?
10% of new gold is used in microchips and connectors. Thats its intrinsic value. Other than that its useless.
10% of new gold is used in microchips and connectors. Thats its intrinsic value. Other than that its useless.
And I am going to guess the use of it in microchips and connectors is not worth $1300 an ounce.
Price is the same for everyone. Im not sure, how pure is the gold they use, but price is the same.