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Something this volatile is considered a good value store? The reason gold is a good value store is not only because of it's general acceptance and obvious physi
by rafiki6 9y ago
Something this volatile is considered a good value store? The reason gold is a good value store is not only because of it's general acceptance and obvious physical properties but also because it's a non-volatile element physically and monetarily. Gold doesn't experience 1000% gains in like a week followed by equivalent losses.
- jhiska 9y agoRight now, no. It's in a bubble. But in the long-term there are people in Wall Street who look at it that way -- which is part of the reason why Bitcoin Futures are coming. Being able to short Bitcoin should keep the value more in line with reality -- even if people eager to short might lose money as bubbles sometimes go for longer than they reasonably should.