Comment on In a world going to hell, investors are flocking to gold. Australia could have had much more of it
DavidDoesLemmy@aussie.zone 5 days agoBitcoin, 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.