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Most of the central banks have gold reserves as a store of value, some of them expanding them (most notably China and Russia). For individuals it is less popula
by mamon 9y ago
Most of the central banks have gold reserves as a store of value, some of them expanding them (most notably China and Russia). For individuals it is less popular, but still I wouldn't say "nobody uses gold".
- gizmo385 9y agoBut aren't those gold reserves a tiny fraction of the actual cash circulating in the economy? What use does Bitcoin serve in this aspect? And I don't think that Bitcoin and Gold are really comparable. In the event of some national/international crisis, the gold is still going to be there. I don't think you can reasonably make the same guarantee about something like Bitcoin.