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gold is also volatile and has had 25% pullbacks. Plot gold over time and you'll see. Hedging is not about the volatility per se but about correlation with oth
by vasilipupkin 9y ago
gold is also volatile and has had 25% pullbacks. Plot gold over time and you'll see. Hedging is not about the volatility per se but about correlation with other investments.
anything could not be a hedge. It needs to be liquid, transferable, international, etc. etc. bitcoin is on the way there. I am not saying it will supplant gold, I am saying it could. that probability is certainly not zero.
- Nursie 9y agoAnd I think you're looking at the world through bitcoin-tinted glasses there.
- vasilipupkin 9y agoI wish I had been 5 years ago
- Nursie 9y agoWell likewise when they were $0.50 a piece I toyed with the idea of getting some, just in case. That doesn't mean I think they're a reliable investment or comparable to gold, just that in hindsight I could have been very rich by for a few bucks back then. Ah well.