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Nature backs gold, there is a limit and we love it. If you find a brick of gold in your great-grandfather's chest, he will have stored away something worth 5-20
by tobylane 15y ago
Nature backs gold, there is a limit and we love it. If you find a brick of gold in your great-grandfather's chest, he will have stored away something worth 5-20% of his yearly salary, but you could sell it for twice yours. If you stored your bitcoin wallet somewhere, left bitcoin, and came back when they had changed the algorithim to add more money, your money might be worth less (because there's more supply, not less demand which is all that can happen with gold).
- richardw 15y agoPlatinum should be shooting the lights out, then. There's only about 130 tons of the stuff mined each year (6% of the gold mined), it has more uses than gold (which increase the demand and reduce the supply as it's used up over time) as 50% of it is used for industrial uses, and it's sexier than gold - ask your girlfriend/wife if she'd prefer a platinum or gold ring. So if you really want a long-term store and one that is comparatively undervalued to gold, choose platinum.