0 sats \ 2 replies \ @kepford 3 Apr \ parent \ on: Gold Vs. Bitcoin: The Winner Is... bitcoin
This is my point. What is this large pool of buyers. They are not actually taking custody of the gold. The gold is not in their custody. Sure, some are but it is a fraction right? Certificates are changing hands. That's what is happening. If you compare actual physical gold changing hands to bitcoin I would be shocked if bitcoin loses. I could be wrong but I doubt it.
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0 sats \ 1 reply \ @0xbitcoiner 3 Apr
I think the author is overlooking an important issue here. They're only evaluating the business in a purely financial sense.
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74 sats \ 0 replies \ @kepford 3 Apr
That's my point. Seems like the author is mixing self custody gold with custodial gold. I think this comes from the acceptance of the issues with gold custody. Bitcoin solves these issues for the most part.
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