ECON Bitcoin vs. Gold

Hfcomms

EN66iq
Can someone teach me how to do this with gold?

In a heartbeat. You can do that day in and day out trading various gold ETF's and other various trusts. You would then say 'but that isn't real gold....that is paper gold'. Yeah, but BTC is just a piece of computer code so it is just as ethereal and unreal as a gold ETF which may or may not have real gold backing it which doesn't give you the right to convert to physical.

Nobody (or few) that hold real gold expect to be able to walk down to the local store and use it as a currency. Unlike BTC or other crypto's real gold isn't for trading but it is a long term store of value with no counterparty risk and which can't go bankrupt. As it is a long term store of wealth and I can convert it to the coin of the realm in a few days if I wanted to (which I don't as I hold it to get out of the fiat denominated system).
 
Top