[Skybird]

Originally Posted by JU_88

Also dont quite agree you need to be able to physically touch something for it to hold value, other wise by the same logic, stocks of big tech companies like Open AI, MS, Alphabet or Meta dont really hold any value either. since that too is all just a bunch of 1's and 0's

Indeed history holds more thna just one lesson on stock owner sahavign ost everything in turbulent times due to economic breakdowns and inflation leading to collapsing stock markets. Its just paper with ink on it, or bits and bytes. A Gold bar you still hld in yoru ahnd when a bank collapses or an economy goes down, your stock papers - well...


Stocks for gambling, investing, tying to generate a profit. Gold for securing wealth. I went out fo stocks years ago when I realsied that I wa sunable to underdstand any longer the rice development. That rang my alarm bell. Or as Buffet said: never do something that you do not understand why you do it.

I dont doubt that at some point this century Bitcoin will either, fade in to irrelivance, or implode horribly when a quantum computer cracks it and somehow mints a 21,000,001th bitcoin.
but so what? Everything is finite, everythign has risk, is all that paper gold (which most gold poeple own Im afraid) backed up one to one and accounted for? probably not and what happens if the lid gets blown off that one during a run on gold?, plus more of it is mined everyday and when earth runs out there is more in space, so even Golds reign as a store of value will have end one day. But once again - so what? There is no such thing as 100% safe asset/security/store of value what have you. Gov can sieze your gold, or seize your house just as easily as seize your bitcoin.

As a matter of fact the total ammount of gold known and handled by mankind since centuries and millenia is relatively stable not comolketely, but its not as if it adding up from year to year in totals. Most gold, over 97% I think I red, that gets traded around in one year, is not newly mined gold, but old gold that just changes ownership.

So i guess it just depends what you want. If we are talking of an epic collapes, (since the lights need to be on to transact in bitcoin). then gold is almost certainly a safer bet, food and guns even safer. For me personally, Bitcoin did its job.

Good for you, Gold did it for me, and twice. I once bought a bigger ammojnt, then have to sell most of it due to financing legal disputes of my fmaiyl and my parents that costed me a higher six digit sum, and then again bought gold and by now have doubled the value I invested. The best is: I did not even mean to invest, gold is no investment in my book, but a safety, a prtection, a secruign attempt. Its not meant to generate profit, but it can, but that is just a bonus in my view.



Compare gold prices 2015 and 2016 with gold prices today and the near future, then you understand what I mean. And I did that timing right twice, compare early 2000s to ~2010, and 2015/16 to present. Several hundred percent value gain. Not many stocks can keep up. Even less stocks that are not hopelessly overvalued.



Or does anyone want to tell me that a company producing nothing can gain 500% in value form oen year to the next...? Thats canibal economics. Drivel. Runs only as long as nobody asks questions.



In the end, states always sit at the longest lever, to translate a German proverb. By taxing selling and buying, and raising special mortgages, property owners, stock holders, savers and gold owner all can be sanctioned and expropriated. That is true for crypto currency owners, too. There is no other defence against the state than to overthrow it. What worth is hidden treasure for you if you cannot use it, must keep it secret, unused? Here is where the state gets you. EVERY TIME. I cna hold metals as many as I want, if I can onyl sell them with a 90% penalty tax, only a tenth of what mine is actually is mine, the rest has already been stolen by the plunderers.



My personal conclusion: I consume my wealth in a controlled manner, trying to time the waning ammount of wealth right with a.) inflation and b.) lifespan. If I get the timing right I will die when I have not much left anymore to leave behind for the plunderers. I have no own family and I owe nothing to anyone else anyhwere. Nobody has a right to point fingers at me. Well, he can, but I must not care for it, I owe him nothing, and the only moral rule I accept is the golden rule. For years I did some unpaid idealistic councelling work and teaching work. I would not do it again for free, it was a mistake. I also did around a dozen of lousy underpaid jobs, nothing of it was the big revelation concenring the meaning of life, I did it because back then I still needed the money, and before that, when I was young and stupid, for adventurism. Nowadays I dont need that money anymore and so I dont do the jobs anymore. I owe nothing to nobody, with the only exception of my mum and my dad who stayed loyal to me and gave me a healthy, safe, warm and caring home when i was young. For that I am eternally thankful to them. Its the very basis of my life and emotional balance today.



But all the other socialist parasites and mades and cleptocrats and redistributors - f### ##u! I owe nothing to nobody, for all debts there once were have already been paid back - and twice and three times already.



No, neither the EU nor German parties will ever become my friends again... I wish the plague and foot-and-mouth disease on every single one of their actors.