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21 sats \ 3 replies \ @fiatbad 18 Mar \ on: Central banks continue to hoard more gold econ
"Gold is nice for jewelry, but has failed several times in history as a reserve asset."
I can't believe how apparently lost this fact is on 99% of the population. They seem to think we could simply gO BacK tO a GoLd StaNdArD.
I'll never own or buy gold.
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10 sats \ 2 replies \ @TomK OP 18 Mar
... just for jewelry
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0 sats \ 1 reply \ @fiatbad 18 Mar
Ah, good point. I might buy gold as jewelry or other utility. But not as a store-of-value. Not while Bitcoin exists.
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0 sats \ 0 replies \ @TomK OP 18 Mar
It's a 'nice to have'
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