Gold has only one real use case in a “world gone to hell” and that is portability of wealth when fleeing a war torn country.
I think there are better assets to hedge against inflation and economic uncertainty with if you’re not expecting an invasion.
Do tell. Post here in public, and not via DM, my sweet Nigerian Prince.
Haha, I’m being sarcastic, but you can’t post that without saying what you think is better.
And why.
And that it is not financial advice.
And that nobody knows shit about fuck.
The fuck are you on about mate ?
OK, champ. Let me be direct.
I think there are better assets to hedge against inflation and economic uncertainty with if you’re not expecting an invasion.
- What assets are better?
- Why are they a better hedge than gold?
- Can you explain their advantages in case of invasion and no invasion?
- What are your qualifications and experience to offer financial advice?
Bitcoin, it’s a better hedge because a known amount will be added to the supply (good supply is notoriously lumpy. A good mine might open on the other side of the world and lower the gold price). lighter weight if leaving a war torn country. Not financial advice.
It’s also possible that people stop believing in the power of some arbitrary numbers and the shit obliterates itself.
Not financial advice, but pretty solid theoretically.
True. But often when you’re fleeing a war torn country you don’t have a lot of other options. Local currency is often outlawed or devalued. And if you only hold Bitcoin for the X weeks it takes to flee the country, the odds of it imploding in that time are pretty small. There’s more chance you’d lose the passphrase or lose the gold.
Or were you asking about a non war-time hedge? In that case, I have no answers.
