Quote from: RealBitcoin on June 19, 2015, 09:45:33 PM

Quote from: deisik on June 19, 2015, 09:42:49 PM

Quote from: RealBitcoin on June 19, 2015, 09:35:39 PM

Gold is not a currency, not anymore. It was, for a long time, but sadly everything comes to an end, it's inconciavable in the 21 centuty to use technology from the 5 millenia BC. It wont happen dude.

Then why are central banks, nevertheless, hoarding it, and the US which is claimed to be most technologically developed has gold reserves that substantially exceed those of other countries following its lead, which also happen to be highly developed (such as France, Italy, Germany)?

Oh man your arguments are redundant and boring , i already heard these arguments and it doesnt even make sense. Just that because gold is not a currency doesnt mean it doesnt have value. Gold is an asset, yes but not a currency.

Central banks do all sorts of stupid decisions all the time so they are not a good role-model of what to do and what not to do.

I would also hoard gold if i had money, but i would not go shopping with gold coins in the store (you see the difference?)

One of the functions of money is preservation of value, that is, a store of value. Another function of money, that of medium of exchange, greatly depends on it, since If money could not be stored for some period of time and still remain valuable in exchange, it would be pretty much useless in this function...

So, could you please name an asset which would be a better store of value than gold?