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If one believes that, why not own gold and other precious metals? It's true that the dollar is not backed by anything except the government's decree that it is
by Bostonian 5y ago
If one believes that, why not own gold and other precious metals? It's true that the dollar is not backed by anything except the government's decree that it is legal tender, but cryptocurrencies have not even that.
- Capira 5y agoGold has a few fundamental disadvantages: - Hard to transport (also not digital) - Hard to verify authenticity - Hard to split up
- Bostonian 5y agoThe IShares Gold Trust, symbol IAU, holds physical gold and has an annual expense ratio of only 0.25%. In return for that, the problems you listed are solved.