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Gold vs. Fiat vs. Crypto, page-27

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33,181 Posts.

1405

01/04/19

20:40

Post #: 37956280
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Originally posted by 11up: ↑

Thanks for your views @slay22 .
The crypto takes energy and resources, with some saying 10% of ICT is devoted to producing the
solving maths. Very expensive and ascribing a
currency and or monetary value is nebulous considering the " storing " infrastructure could fall over at multiple junctures - just think of the password lost recently in a " bit " play, or primary
server, cloud fail.
Money is a " trust " in value and is a psychological
construct as much as a trading system where trust is key.
Central banks full of smarter people than us are continuing to buy, store more gold.

Immutable and valued.

Cheers

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Central banks full of smarter people than us are continuing to buy, store more gold.
================
Which central banks?

Only a few dictators, most countries don't own any gold and have been no worse off for it.
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0 Great analysis

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