09-15-2024, 10:43 PM
Gold is fantastic, it will always be a valuable commodity as long as I can tell.
Bitcoin is only superior to gold in that it is easier to secure and it is easier to send, securely, long distances. That is a pretty big deal in the global economy, hell, even in a state economy. Who wants to drive 3 hours to pay somebody for a digital service, or have it sent through the mail? I mean, you could send them some e-gold, or a gold note, but then you have the issue with security, and knowing for sure the gold is still in the vault. Crypto avoids this problem.
Gold has advantages over bitcoin in that it is not dependent on the internet and electricity. If we lose that, and you are stuck transacting in your local economy, you will want gold and silver.
Also, gold and silver both have a lot of value with regards to technology - such as batteries and other newer technologies.
That gives gold its "intrinsic" value.
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