Post
Topic
Board Speculation
Re: [WO] Bitcoin and gold are complementary
by
jbreher
on 17/09/2020, 19:48:51 UTC
As a Bitcoiner who has also always been a goldbug at heart, I never understood why some Bitcoiners feel a need to bash gold. 

I'm going to preface this with a statement that I was a PM holder before a Bitcoiner. I still have significant investment in PMs. I have no plans to divest such. That said...

Quote
Gold is the supreme hedge against the total collapse of all industry and technology.  It is an asset that will assuredly retain its value a thousand years from now, or in ten thousand years, or longer—if humans still exist. 

While I think the chance of this staying true at least for my lifetime* is better than 50-50, I'm not so sanguine about gold's longer-term prospects. What exactly makes you so sure of such?

*(and I hope to buy the best of life extension tech as it comes to market, though I may not be among the first cohort to reach escape velocity)