47 sats \ 3 replies \ @yoshi 30 Sep \ on: Gold standard fails (again) in real time econ
What is the rebuttal from all the gold bugs? There centralised party is more reputable?
Gold is a shit coin. I actually did buy some a couple of years ago and all it did was further confirm its shit coinery.
this isn't gold's fault, this is the Zimbabwe government devaluing it.
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Not seeing the use of gold always points to lack of real world experience for me, at least.
When I drive around in Asia with no helmet, no insurance, no recent paperwork or license, but with 4 ounces around my neck... Well I'll be covered even if something catastrophic should happen!
In terms of investments for the future its all about Bitcoin of course, but some gold is important, its real money after all...