What is your plan when the dollar crashes? Gold only works if a currency is used to support it. Ps, if the dollar is crashing and gold stays the same price, gold is crashing too.

At some point, central govt are going to shut down crypto. And if they unlikely fail and crypto ends up replacing fiat currencies and the global medium of exchange? That, my friends, is a world not worth living in. So either way, crypto fails.

Don’t you hope that people who don’t own gold buy it, and people who do own it don’t sell? Or is gold somehow exempt from the most basic of market principles that you are apparently calling a flaw?

Already lived through all these arguments in the 90s with the internet and its silly new companies like the used bookstore Amazon. Another generation will willingly be left behind financially and expect us to take care of them.

I also understand that Bitcoin and other digital assets are here and will be the “way of life” from now on. I like gold and I really like crypto. Things are only valuable if a group agrees, such as antiques and collectibles.

When you buy Gold you must hope that people who don’t own any start buying, and that those who do own it don’t sell. In fact, when you buy Gold, hope is the only thing you get. You must hope reality never sets in.

Gold theoretically gives people hope in the same way that Bitcoin does. A store of value outside of government control. Bitcoin just does it better, safer, faster, and more securely. Technology for the future, gold was the past.

Gold has weathered humanity’s endless storms, strife, & mayhem, for many thousands of years. Ancient civilizations prized gold as among their most sacred items/artifacts. Gold holds inherent value that endures.

Bitcoin has every quality that has made sound money in any civilization. It’s durable, scarce, a store of value, a unit of account, its fungible, the supply increases by 2% a year demand considerably more. It is transferable across the globe in seconds.   Governments can’t stop it or confiscate it. It is almost totally adopted in society. There will be no CEO or management, it will be around in a 100 years, and it’s stored with ease. it’s more portable than gold.  After the collapse in financial asset prices I’m going to buy on the rebuild.

Once you realize that an idea is a code that cannot be debased, it is incontrovertible proof, which makes it much purer and reliable than fiat currency.