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This is a disingenuous argument because you pretend like gold has no downsides. The major, and very real downside of gold is that it's costly to store. The risk
by cryptoanon 4y ago
This is a disingenuous argument because you pretend like gold has no downsides. The major, and very real downside of gold is that it's costly to store. The risk of confiscation is high unless you protect yourself with weapons. (And, in that case, doesn't that make weapons more valuable?)
- dragontamer 4y ago> The risk of confiscation is high I got a buddy with a bunch of money in Celsius right now, that feels like its been confiscated. Apparently, cryptocoins can also be "confiscated", and are unable to be sold during these times of duress.
- gonzo41 4y agoI'm not saying that gold is magic, I'm just pointing out it has utility beyond it's value holding utility.
- malfist 4y agoAnd historically, that was the case for all wealth stores, at least ones you could spend.
- jjav 4y ago> The risk of confiscation is high If that's your worry (and not that you shouldn't), consider that the risk of confiscation of your bank balance or stock accounts is far higher given that those are merely entries in a database held by a third party.