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0 sats \ 1 reply \ @grayruby 25 Mar 2023
I still like gold. I haven't sold any, but haven't stacked any in years. I think having a few ounces of gold is a good strategy in case an asteroid hits, full scale nuclear war or some crazy solar storm knocks out global internet but the scenarios where it works are pretty limited. I wouldn't put more than 1-2% of your net worth in it. Even in the craziest of scenarios having a ton of gold isn't feasible because it is not portable and it will likely get you killed.
There is also the potential that as fiat currencies implode central banks who hold a lot of gold will push for temporary gold backing of an SDR or new global reserve currency for international trade. They will try gold, because they have a lot and it is easy to confiscate from large holders, before eventually moving to bitcoin.
That's my two sats anyways.
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0 sats \ 0 replies \ @BitcoinIsTheFuture OP 26 Mar 2023
Ha solid sats! I can see those points playing out! We’ll said
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