I don't really see the value in gold, as there are new alternatives that are better than gold in every respect. Gold tries to be so many things at once and does none of them particularly well. The only reason gold is still going is because people still believe in its properties. I think in the future the more specialized assets will win out. Gold doesn't add any value to my portfolio either.
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1Mon
@SemiGrowth? Which alternatives would survive the collapse of the financial markets? Which alternatives are better? Gold has increased sevenfold in 20 years.
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@goebi22 First of all, this is just my opinion and you may see it differently.
1. all assets that continue to add value to society will survive the collapse of the financial markets. This depends, among other things, on the reason for the collapse. Among other things, the following will survive: stable companies, commodities that are needed, secure stores of value (BTC).
2 BTC beats gold (as a store of value) in the following ways:
2.1 Transaprenz
2.2. security
2.3 Limitation
2.4 Not directly controllable by entities
2.5 Peer to peer
Gold as a commodity is beaten by many assets (lithium, cobalt, iron, copper, ...)
3. i think i can name several assets that have outperformed gold (blue chip stocks, crypto, etc.)
1. all assets that continue to add value to society will survive the collapse of the financial markets. This depends, among other things, on the reason for the collapse. Among other things, the following will survive: stable companies, commodities that are needed, secure stores of value (BTC).
2 BTC beats gold (as a store of value) in the following ways:
2.1 Transaprenz
2.2. security
2.3 Limitation
2.4 Not directly controllable by entities
2.5 Peer to peer
Gold as a commodity is beaten by many assets (lithium, cobalt, iron, copper, ...)
3. i think i can name several assets that have outperformed gold (blue chip stocks, crypto, etc.)
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•1Mon
@SemiGrowth Bitcoin beats gold in nothing. Because it is nothing but a toy for gamblers and illegal transactions.
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•@goebi22 Have you ever looked into BTC? Have you taken a look at the protocol?
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