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Does only its scarcity gives it value?
A knife made from gold won't hold an edge for long. A hammer made of gold will bend. A gun made of gold will explode (except in Goldeneye) why should this useless metal rule men's lives?
Why does it's scarcity matter? Uranium is scarce but I can say with honesty I'd rather not have any.
I am not being argumentative or disingenuous. I just think it's silly almost to the point of insanity.