62 sats \ 2 replies \ @Coinsreporter 17 Mar \ on: Why Does El Salvador Hold $86M of Gold? bitcoin
May be Bukele don't think it's safe to holding all eggs in one basket.
But he isn't buying anymore Gold means, he is more inclined towards Bitcoin.
For the question why continue to hold Gold?
It's obvious. Gold will always shine brighter. It's a monster if an investment product. I believe that people should hold a little Gold as emergency funds. Liquidity against Gold is readily available anytime anywhere.
Liquidity against Gold is readily available anytime anywhere
i don’t think you really mean “anytime anywhere”… how might he liquidate El Salvador’s gold holdings if he needs to sell it in El Salvador?
Liquidating that amount of gold requires access to international trading partners that want to buy it from you.
It also involves physical delivery in most cases.
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Yes, I agree. I only meant that it's an asset that's popular and it can bring liquidity with a few terms and conditions applied.
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