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Don't forget to compare how much gold you could buy with each 1 week ago.
by salamandersauce 5y ago
Don't forget to compare how much gold you could buy with each 1 week ago.
- notch656a 5y agoI'm more concerned about the Y/Y and decade to decade change of my wealth than week to week. That's fine if others aren't. There are at least a hundred currencies in common use of both fiat and crypto variety, overall the dollar is looking to be a horrible choice as a long term store of value.
- selectodude 5y ago>overall the dollar is looking to be a horrible choice as a long term store of value. The Dollar is not and never has been a long-term store of value. That is a fundamental misunderstanding of what a currency is.
- notch656a 5y agoI was intending to prompt someone to finally admit they don't care about store of value. I agree the bashing of BTC is fundamental misunderstanding. If you don't worry about store of value, dollar or BTC will work just fine for many transactions. >The Dollar is not and never has been a long-term store of value Depends on what you mean by long-term. If you held the dollar from 1813 to 1913 it was an excellent store of value. If you hold it from 1971 to 2071, with our current target of 2% inflation, you'll be lucky if 13% of your value is left. The systemic intentional destruction of value of the dollar has accelerated rapidly since at least the early 70s.