Gold Versus Crypto: Some Views On The Debate
VItalik got into a twitter debate over gold versus crypto.
In this video I discuss some points to consider. When it comes to gold versus Bitcoin, we might be dealing with apples. However, with crypto, it is such a wide landscape.
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https://twitter.com/1480840258828779521/status/1586844727223226369
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Gold is subject to too much manipulation .
Impossible to trade as a result.
Great vid as per usual 👌
Silver > Gold
Silver has a zillion industrial uses. A kilo in a internal combustion vehicle, even more in an EV. Silver in every solar panel. And on an on. Very little gets recycled.
So I do have some silver. But in terms of value at current prices, less than 10% of my portfolio.
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I think gold is losing it's place and I never really understood why people said space would be a game changer when we don't even have a cost efficient way to transfer the materials. It just seems like a profit losing industry if you have to spend so much fuel to transport the goods.
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It may be a game changer, but neither of us will be around when that happens, lol.
If the SHTF and governments begin to seize assets gold will be easy pickings.
We know this to happen historically.
Can crypto be seized?
Sure it can be but if the SHTF it can be moved around to trusted people in your community to spread risk or to set you up for relocation.
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