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You have gold today which you cling to hoping that someone somewhere will start being honest.

Gold has been defeated by paper gold. You point out that you hold it with disparate custodians. You don’t think they’d collude? Do you really think if hyperinflation occurs that you won’t get cheated? You think the state will just say “ok we lost this one I guess we won’t strongarm gold custodians like we have countless times”.

a source familiar with the matter 2y ago

I have a little gold in vaults that might get stolen. I'm at peace with that possibility. I have a little gold at home that might get stolen - over my dead body.

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uncleJim21 2y ago

Correction: you have a little gold in vaults that *will* get stolen the minute you profit.

You have gold in your home that you will have no ability to use or transact with because it’s not divisible and requires exorbitant fees to transport.

Bitcoin > gold

a source familiar with the matter 2y ago

Some of my gold I hold in fractions as low as 1/1000tz

So not only is it divisible, it has already been divided.

https://en.m.wikipedia.org/wiki/Goldback