Replying to Avatar Satosha

Purchasing power of gold hasn't changed since 1971 - as per your chart .. That is what a true store of value is - is it not ?

I know you love #bitcoin .. me too ..

Steady gold means steady bitcoin .. because they are same ..

Some people (eg Mr Saylor :-) are trying to push a narrative that somehow gold can be demonetized .. that is a wrong notion - gold stayed steady even after fiat was unpegged in 1971- why ?
Avatar
Bitman 1y ago

If you bought gold in 1980, at its historic peak, and ended up losing money for two decades, can it really be considered a store of value?

Reply to this note

Please Login to reply.

Discussion

Avatar
Satosha 1y ago

If you are comparing peaks ( gold in 1980 ) , then you should consider the peak of Bitcoin when it hit 72 K couple of months back - comparison should be apple to apple :-) ..