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Since 2009, we have seen the most money printing and monetary debasement ever engineered by a major central bank that presides over a global reserve currency. Unfortunately over that…
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
Since 2009, we have seen the most money printing and monetary debasement ever engineered by a major central bank that presides over a global reserve currency. Unfortunately over that time period, gold has been a very poor store of value, underperforming tech stocks, trash companies, and trash food companies.
One of the biggest problems is that gold is just not that scarce: there is a lot of it in space and even on earth. If gold inventories increase at just 1.50% per year, then the money supply of gold doubles every 46 years. This makes investing in gold like investing in a leaky boat.
By contrast, Bitcoin has a fixed supply, and is easy to verify, easy to store, and easy to transport across borders.
90% of gold's value comes from its monetary premium, which is rapidly being eroded by Bitcoin.
Shiny yellow rocks are beautiful, but a very poor investment and store of value.
Bitcoin is digital gold for a digital 21st century.
Not investment advice! Consult a financial advisor.
Watch the Fed's balance sheet explode:
https://fred.stlouisfed.org/series/WALCL
Bitcoin vs. Traditional Assets CAGR:
https://casebitcoin.com/
Giant asteroid has gold worth $700 quintillion:
https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/
Mountain of gold discovered:
https://news.bitcoin.com/the-congolese-mountain-of-gold-surprise-discovery-in-africa-shows-metals-scarcity-is-hard-to-prove/
My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/
Monetary premiums for silver, gold, and Bitcoin:
https://pbs.twimg.com/media/D9uUPFnUIAEh1Qj.jpg:large
Indians moving away from gold:
https://www.thehindu.com/business/Economy/indians-moving-away-from-gold/article18307953.ece
Gen Z has a problem with gold:
https://www.livemint.com/money/personal-finance/gen-z-has-a-problem-with-gold-wgc-study-11573655003711.html
I am not being paid or otherwise ..
