No Dumb Questions cover image

131 - Why Is a Silver Coin Worth Something?

No Dumb Questions

00:00

Cryptocurrency

One ounce of silver has a mineral value of roughly 25 bucks right now. But that same one ounce, just like a baseball card or a limited print on a work of art, can take on value and meaning of its own. A two ounce coin i think of as being worth 50. That's one ounce in so right now, 25, give or take a buck or two,. And that's not accounting for the rarity of that particular design or coin. To be clear, i've spent a lot of time learning about crypto currency. We did a whole episode on it back in the day. I'm not sold on nfts at all. Why are you not?

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app