How many of you #bitcoin plebs own gold? I don’t but I’m thinking of getting just a little.
Discussion
I own some gold inside my iPhone 🤭 and some family jewelry. How much would you consider a little?
10%-15% of what I own in bitcoin
Have some. Less than before. Gold is the same view as bitcoin, but a pessimistic one
pessimistic version. Basically, it’s less efficient, practical, inferior etc
But been there a long time and typically states (us or other, typically china to take over) might use it for people to have confidence in money again, but money easy to recapture by the state down the road
Less hope
Interesting take. It’s certainly stood the test of time. Bitcoin is just the sharper tool in my opinion
#[2] if you don’t mind me asking, do you own the gold in physical form or in a physical backed ETF like PHYS?
I use “bullionvault” so it is basically a custodian and i have to trust them. I could withdraw into fiat easily, it allows to withdraw in gold too but never did it. It shows how gold is inferior in terms of self-custody, verifiability, etc etc to bitcoin. I am just afraid that the monetary crisis we are going to go through will not end up with bitcoin as people are stupid but with gold as states will choose it as they control it more. For them fiat > gold > bitcoin, but fiat might soon lose the confidence of the people and then they have to propose something
Obv own much more bitcoin than gold
Cool, thanks for sharing. I could see that happening as well in regards to states and gold. What’s so interesting about the bitcoin revolution is that it’s a bottom-up movement amongst regular people that can’t be stopped at this point. Choke points are a concern in the near term but with bitcoin in cold storage i feel confident to weather the storm. The best money wins. ⚡️
Yes i agree with that, i think bitcoin will win