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Really? Can you tell everyone how much gold exists on earth and...

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15/05/24

16:03

Post #: 73839750
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Originally posted by omose: ↑

Since 2009, we have seen the most money printing and monetary debasement ever engineered by a major central bank that presides over a global reserve currency. Unfortunately over that time period, gold has been a very poor store of value, underperforming tech stocks, trash companies, and trash food companies.

One of the biggest problems is that gold is just not that scarce: there is a lot of it in space and even on earth. If gold inventories increase at just 1.50% per year, then the money supply of gold doubles every 46 years. This makes investing in gold like investing in a leaky boat.

By contrast, Bitcoin has a fixed supply, and is easy to verify, easy to store, and easy to transport across borders.

90% of gold's value comes from its monetary premium, which is rapidly being eroded by Bitcoin.

Shiny yellow rocks are beautiful, but a very poor investment and store of value.

Bitcoin is digital gold for a digital 21st century.

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Really? Can you tell everyone how much gold exists on earth and in space?

Or have you come here to talk excrement?

Are you Skol's uni student nephew by any chance?
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