5 ms·
> Gold is far more unlikely to be made illegal by governments. Empirically this has not been the case, particularly in the US [1]. [1] https://en.wikipedia.or
by moduspol 9y ago
> Gold is far more unlikely to be made illegal by governments.
Empirically this has not been the case, particularly in the US [1].
[1] https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102
- maehwasu 9y agoWas just about to link to this. I'd also mention that gold confiscation was heavily used by the Nazis. Gold is great as a store of value when things are good, and incredibly shitty when your government turns on you.
- Retric 9y agoUnlike bitcoin the government has no way to track gold. Burry it 10 feet under your garden and it can stay there for your great grandchildren.
- adventured 9y agoThat's a poor example, as it has in fact been the case that gold has been legal throughout the extreme majority of US history, including critically for the entire post gold standard era. Gold was partially illegal for only ~16% of US history, which fits very well with the term "unlikely."
- moduspol 9y ago> far more unlikely > Empirically Bitcoin has been legal for 100% of US history.