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0 sats \ 2 replies \ @Solomonsatoshi 14h \ on: Gold CRASHES It's All Over for the Boomers (Bloomberg, John Authers) econ
Gold and Bitcoin now occupy similar spaces in the debasement trade.
I prefer having a little gold but mostly Bitcoin but everyones stack composition will be according to their preferences.
Because here in New Zealand it is very difficult to trade gold without paying high tax and trading margins Bitcoin is preferable and Bitcoin also enables p2p payments in a way far easier than gold.
But as the USD/petrodollar debt bomb implodes people will shift their savings to gold and Bitcoin- there is plenty of room for both gold and Bitcoin...with Bitcoin having the advantage of enabling global trade via near instant very low cost final settlement.
Death to Fiat Debt Slavery- long live Gold and Bitcoin decentralised money which treats all people equally without fear favour or rentseeking bankers and governments extracting their cut.
Not sure about tax but the same dealer I get from (bullionstar) does business in New Zealand too. And you can buy or sell using Bitcoin (perfect for opportunistic rotation between them)
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Thanks for that - I will look into it.
I really hope they can offer the same here in NZ but past experience has been that gold trade here is very restricted.
It would be great to be able to trade between Bitcoin and gold without having to deal with fiat.
edit- looking at their NZ website it looks like they do accept bitcoin :)
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