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

• No1@aussie.zone ⁨5⁩ ⁨days⁩ 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 ⁨5⁩ ⁨days⁩ 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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    • a_non_monotonic_function@lemmy.world ⁨5⁩ ⁨days⁩ ago

      It’s also possible that people stop believing in the power of some arbitrary numbers and the shit obliterates itself.

      Not financial advice, but pretty solid theoretically.

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      • DavidDoesLemmy@aussie.zone ⁨5⁩ ⁨days⁩ ago

        True. But often when you’re fleeing a war torn country you don’t have a lot of other options. Local currency is often outlawed or devalued. And if you only hold Bitcoin for the X weeks it takes to flee the country, the odds of it imploding in that time are pretty small. There’s more chance you’d lose the passphrase or lose the gold.

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