Post
Topic
Board Economics
Re: Bitcoin or gold?
by
GreenStox
on 22/03/2015, 15:56:40 UTC

Yeah, but that was not you who had said that gold was easier to sell. Gold is indeed useless in everyday life (though a gold bullion is quite heavy and can be used as a plummet), but it is not what people love it for. It is a perfect store of value if your planning horizon is decades long (you could always pass it to children). Houses get old and fall apart, governments come and go, even countries cease to be (with all their fiat money, how nice), but gold remains the same and as shiny as always (and gold bullions are eye-catching as such)...

Unless the government breaks into your house and steals all the gold from you.. or if you store it in a vault they will loot it just like with private pensions, bank accounts and such (seen in Cyprus ,Greece and post 1929 USA)

History will repeat itself and as much as i like shiny gold, i think it's not a viable storage of wealth in the crazy society we live in today.