Post
Topic
Board Economics
Re: Hi Excuse me Are currencies a "store of value
by
TheUltraElite
on 04/12/2019, 06:40:36 UTC
Agreed, even if you invest on gold bars you'll be getting a small percentage of copper mixed with it. Without copper it is hard to combine it into bars.
You could buy sovereign gold bonds or gold ETFs. Invest in some gold coins which are close to pure gold. What I mean to say is that gold is a good store of value, not saying that crypto is not, but gold was and will be a good store for years to come due to its noble metal property and being trade-able anywhere in the world. That few bits of copper would become less important to you if you lose other modes of storing money.

Of course people will be biased about bitcoin being the best since this is a bitcoin forum and people here have come because they use bitcoin. It is a censorship resistant asset, but the problem with it is the government cracking down on traders making them go into hiding. If this becomes better in future then it would help investors.