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 agoOK, 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?
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.
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.
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.
DavidDoesLemmy@aussie.zone 5 days ago
Or were you asking about a non war-time hedge? In that case, I have no answers.