Post
Topic
Board Economics
Re: Fake-branded bars slip dirty gold into world markets
by
exstasie
on 05/09/2019, 07:40:05 UTC
At least bitcoin isn't easy to counterfeit Smiley

Everyone who buys gold should have a simple test kit and if they are purchasing large bars only buy them from a reputable dealer.  I do like bitcoin a lot but I still think gold is a solid hedge because it has held value for thousands of years.

These bars are real gold, they are just stamped with fake refinery stamps.

This story actually showcases one way that gold is superior. Stolen, conflict, or otherwise tainted gold can be melted down and re-stamped. This is much harder to trace than a public blockchain like Bitcoin where every transaction is permanently stored.

With Bitcoin, the best you can do is mix your coin taint with others. With gold, taint can be completely erased.