Comment on In a world going to hell, investors are flocking to gold. Australia could have had much more of it

thanksforallthefish@literature.cafe ⁨3⁩ ⁨weeks⁩ ago

• No1@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

  Do tell.

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  • thanksforallthefish@literature.cafe ⁨3⁩ ⁨weeks⁩ ago

    The fuck are you on about mate ?

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    • No1@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

      OK, champ. Let me be direct.

      I think there are better assets to hedge against inflation and economic uncertainty with if you’re not expecting an invasion.

      • What assets?
      • Why are they a better hedge than gold?
      • Can you explain their advantages in case of invasion and no invasion?
      • What are your qualifications and experience to offer financial advice?

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      • DavidDoesLemmy@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

        Bitcoin, it’s a better hedge because a known amount will be added to the supply (good supply is notoriously lumpy. A good mine might open on the other side of the world and lower the gold price). lighter weight if leaving a war torn country. Not financial advice.

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• hanrahan@slrpnk.net ⁨3⁩ ⁨weeks⁩ ago

  Gold has only one real use case in a “world gone to hell”

  Something hastened by Gold Mining

  duckduckgo.com/?q=environmental+degradation+photo…

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