I was showing mathematically that gold has been flat vs debasement long-term and that unless you want 0-1% real rate of return by holding an analog asset that is inferior to bitcoin, it has been the wrong answer.
FOMO is an emotional response. I’m making an analytical case against it.
That would assume a narrow reason for purchasing gold. The fact that it didn't fall (along with fiat) can mean that it is also a win. It really depends on your goals. Gold has often been seen as a hedge.
If your goal is to just make as much fiat as possible, then you can ultimately point to the best performer, and claim it is the only good option; but that's not how successful investing has worked in the past. The successful investors have always used multiple assests to maintain, or increase, their position.
I named several reasons why I choose Bitcoin over gold; the main problems with gold that Bitcoin fixes are why Bitcoin is the rational choice.
From my second reply: “verse gold: bitcoin accrues significantly more purchasing power through time, I can send it across the global at the speed of internet comms, it’s easily verifiable, more secure, finite and highly divisible.”
