That is true but goods are dollar denominated so what does that even mean?
Gold prices were artificially suppressed to stay under $2k until recently. It’s also important to consider gold inflation. The gold supply inflates at like 1-2% per year, and it will only speed up. The second a billionaire can mine asteroids profitably, they will mine space gold and DESTROY gold as money.
At least that’s what I would do lol. I would very intentionally crash every market and capitalize on it. That way all prices are driven to near zero and I get rich. Hope some billionaire thinks like that
I agree with your points. Wasn’t suggesting gold is superior to bitcoin - only superior to dollars and other fiat. I only stack sats, but started by converting my very modest stack of gold to btc.
Oh I completely agree. Just that dollar denomination obfuscates the actual values of things, so I’m confused
Someday I want to fill a tiny chest with fractional gold and silver so I can have a little treasure chest lol, it would mostly be silver though
Yes, and very good idea about the small treasure chest! 🙂
