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I'm pretty sure most gold investors don't actually have the gold physically at their location (Maybe someone can prove me wrong here). Gold seems to be mainly
by koonsolo 6y ago
I'm pretty sure most gold investors don't actually have the gold physically at their location (Maybe someone can prove me wrong here).
Gold seems to be mainly to store loads of money, without actually having the physical drawbacks of gold. So most money invested in gold, is basically a paper that claims you have gold. In that case, the benefits of the physical attributes of gold go away pretty quickly.
So having a claim that you own gold, is maybe not that different than storing value in some virtual thing that everyone agrees on has some value.
Let's say you do want to have the physical gold at your location. Well, then you have to think about transport and safely storing it.
It feels like Bitcoin bootstrapped it's way up to having value. And right now, it seems as a "store of value", it has some benefits over gold itself.