[Pairadocs]

Originally Posted by tophcfa

Hmm, let’s address each gold characteristic mentioned.

While agreeing it has no earnings capacity as far as income (interest or dividends), it certainly has very real capital gains capacity.

It definitely doesn’t own assets like a business, but it is, in an of itself, an asset.

It definitely has liquidation value if owned in the right form, such as minted coins and bars. Gold certainly has a significantly wider bid/ask spread (about 5/8 of 1%) than traditional stocks and bonds, but it can easily be liquidated.

Gold is nothing like Bitcoin. It is a physical asset that can be held in your hand, it’s been around practically forever, and there is a longstanding and well established global market for it. Bitcoin is a digital entry, it’s new and unproven by historical standards, and requires the leap of faith that someone else will be willing to pay you something to have the digital ownership transferred to them.

But then again Dewi, you’re a smart guy and know all that. Perhaps with the hurricane passing by it’s too windy to go fishing, so doing some trolling instead?

Perhaps we could return to the tulip standard ?