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Podcast: Wealth Formula Podcast
Episode: 259: Should You Invest in Wine?
Description: What gives something value? Gold has been considered valuable since ancient civilization. It has been used as money, as a store of value, and as jewelry. Gold is also scarce and it is not easy to mine. But…at the end of the day, gold is valuable because of a social construct that says it is and that it will continue to be going forward. The longevity of gold's claim to value certainly adds to its standing as a valuable asset. Gold bugs who disparage bitcoin often point to the relative newness of the asset and its lack of track re...