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> Hardly anyone uses gold as a storage of value https://en.wikipedia.org/wiki/Gold_reserve#Officially_reported_holdings https://en.wikipedia.org/wiki/Gold_rese

• SubiculumCode 9y ago
  I meant individuals rarely keep gold as a store of value.
  • hollerith 9y ago
    It is not rare in South Asia.
  • VarFarYonder 9y ago
    > I meant individuals rarely keep gold as a store of value. I think individuals with an actual portfolio of investments will hold gold or have some exposure to gold. Also, you wouldn't expect gold to be widely held when you consider things like Executive Order 6102: https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102 Basically, the US government forced everyone to sell their gold in 1933. US citizens only regained the right to hold gold in 1974. Governments are going to find it much harder to enforce such an order when it comes to cryptocurrencies.