Post
Topic
Board Economics
Re: Central banks and financial instutions selling gold to retail to buy crypto
by
JayJuanGee
on 10/05/2025, 20:55:59 UTC
[edited out]
First, I would like to thank you for this detailed explanation and comprehensive comparison between gold and Bitcoin. I also share your vision for the future of Bitcoin, which is better than gold in this digital age we live in, for the reasons you mentioned, such as Scarcity, verifiability, transportability, divisibility andability to privately hold without high costsetc...
Oh, you've easily been brainwashed with all those unfounded points that only exist in their thoughts, but not in reality, at least most of them. One can enjoy both Gold and Bitcoin when they compare less and are not biased about them, but maximize the opportunities the two can offer. As a neutral investor and trader, Gold has blessed me, and the same is true for Bitcoin.

You are not a neutral investor merely because you have figured out a way to stay invested in gold in spite of bitcoin being better money.   Sure, you can make your choices, and hopefully they make sense for your situation, even though most people likely don't need to have any more than 10% the size of their bitcoin allocation into gold, and probably 10% is even too high for most people... when in fact, there is no need for gold when bitcoin is better money than it.. right around 1,000x and bitcoin is slowly (perhaps not so slowly?) taking gold's market share and its raison d' être.

So I don't follow all those bullshits of maxis,

You have to figure out your own balances and allocations and hopefully it works for you and you don't end up having fun being more poor than you wished that you were based on your overallocations to gold (and shitcoins) as compared with bitcoin.

I have my mind and the results are right in front of me. "If you talk about pros, Gold and Bitcoin have it. If you talk about cons, the two have it." What's the headache? Just find your way to benefit from the two. Long Live Gold...Long Live Bitcoin!

Well if you look at the qualities that both yhiaali3 and I listed ("Scarcity, verifiability, transportability, divisibility andability to privately hold without high costsetc"), bitcoin beats gold, perhaps bitcoin beating gold by 1,000x or more in each of those money qualities (or at least after combining them).  Sure you can look at other possible qualities of each if you like, but you may well be ignoring the more obvious aspects of what makes money valuable in your attempts to be smarter than everyone else.

[edited out]
No, my brain has never been washed, I still believe in bitcoin and gold, both of them are the best, but since we are in the digital age, I think that bitcoin outperforms gold in many characteristics, but this does not mean that I will easily abandon gold.

When it comes to money both bitcoin and gold cannot be the best.  There is a thing called Gresham's law which the good money drives out the bad.  Hopefully, for your own good you are careful not to overallocate to gold and underallocate to bitcoin based on your trying to believe that each of them are similar in their levels of "bestness."

The same is true for institutions (banks or otherwise) and governments playing the same games in regards to their beliefs that gold is "equally" good or even erroneously believing gold to be superior to bitcoin.