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I suspect my offer of several pounds of gold will likely need to exceed competing cash offers by a significant degree to be accepted by the seller of the house

by nkrisc 2y ago

I suspect my offer of several pounds of gold will likely need to exceed competing cash offers by a significant degree to be accepted by the seller of the house I’m trying to buy.

carlosjobim 2y ago
It's not any different than having your savings in a more reliable foreign currency: you can quickly exchange it to local currency without any such premium. The same for gold or Bitcoin. Any El Salvadorian saving up for a house would be wiser to save in gold or bitcoin, than local fiat.
TaurenHunter 2y ago
See Gresham's Law: https://en.wikipedia.org/wiki/Gresham%27s_law https://en.wikipedia.org/wiki/Gresham%27s_law