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Gold doesn’t become more expensive to transport as the price goes up.
by webinvest 6y ago
Gold doesn’t become more expensive to transport as the price goes up.
- staplers 6y agoYes it does. Security always comes at a cost.
- 627467 6y agoOnly if you don't care to insure for transporting your gold. If you do care, it definitely would be more expensive to insure a more valuable cargo. But more crucially, if you need to use extraordinary quantities of gold to settle a transaction (ie. When nation states buy something with their gold reserves) the gold likely won't even move: most of it are stored in "trusted" first world nation central banks like the bank of england. But then again, with bitcoin you don't need "trusted" central banks.