If it is investors showing a preference for Bitcoin over Gold as an inflation hedge/store of value, that would be pretty fascinating. That would mean Bitcoin is already significantly eating into gold's monetary premium, as it has been eating into silver's for several year already.
When I was playing around with the Nakamoto Simulator #474759, I assumed gold would maintain it's monetary premium for several more decades.
50 sats \ 1 reply \ @kr OP 8 Apr
part of me wonders whether investors may be leaving the ETF and taking custody of gold, but I have no real information to suggest that is the case
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I don't know how much business Monetary Metals is doing but if you believe you're deposits are safe, it's clearly superior to holding a gold ETF. Maybe some people are moving into that.
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