There is part of me that feels bad for the gold bugs.
Gold is back below 2,000 USD per ounce.
Despite all the money printing, gold has done nothing in a decade.
And now, there is a better choice with #bitcoin
Discussion
In a decade, up about 65% in USD, Dr. B!
Subtract maybe a fraction of a percent a year for storage.
Not Bitcoin, but not bad for something that just sits there, practically without any risk.
Still seems to me to work as #gangsterment insurance.
Thanks SMS, i stand corrected. I honestly thought gold was around 1800-1900 10 years ago. I was wrong. 🙏
Now there’s also real higher gold price - as opposed to bogus Comex and London Fix - in Dubai Exchange Shariah contract:
https://www.dgcx.ae/products/shariah-gold
It requires physical delivery.
If you come to the Gold Souq in Dubai, clear that we like and value gold as much as ever on this side of the world.
Particularly, we like it for a physical property Bitcoin has in much smaller amount - i think called #ChicMagnetism in English.