Replying to b7c7f5d3...

I don't disagree, only saying that was likely holding golds price back. The government doing what governments do. Just a random thought. 😐
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Satosha 5mo ago

I see .. but I am talking gold's appreciation from five thousand years back to 1971 .. and then from 1971 to date .. despite government controls, seizures , anti sumggling , KYC ..all ..

Gold appreciated more from 1971 todate .. as soon as it was formally depegged from currency ..

The idea is .. to be relevant .. you don't need to be or closely attached to the payment system.

On the opposite side .. such alignments ..weather regulated or Free .. invariably undermine asset valuation..

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Satosha 5mo ago

Nland as you rightly said ..govs was against private ownership of gold cuz it was deemed reserve asset .. reserved for govs .. sameway , if Bitcoin is attached to currencies .. who knows ownership of BTC may be decalred #reserved ..

I know we can still own and self custody ..bit for general people , it is too much risk .