3 ms·
I think the commenter is suggesting that sometimes the mobility of your store of wealth is more important than volatility. Hard to argue that gold is easy to mo
by vvpan 7y ago
I think the commenter is suggesting that sometimes the mobility of your store of wealth is more important than volatility. Hard to argue that gold is easy to move or store. People from the US and Western Europe are prone to forget how volatile the political and economic situation is for most of Earth's population.
- elil17 7y agoPeople who use gold as a money store don’t buy physical gold, though. They buy insured, gold backed securities which are held in a stable location, usually the United Kingdom. The account that holds those securities is protected by a password, just like Bitcoin