You are viewing a single comment's thread from:
RE: Gold is becoming just another metal
So you are promoting the idea that digital, coded financial instruments will make physical, industrial and rare hard assets like silver and gold obsolete?
Clearly you don't understand the precious metals markets and why these metals are so valuable.
Don't get me wrong, cryptos are also a good investment - but only some of them, and PMs have stood the test of time and will always retain their value due to the physical limitations and scarcity due to their physicality and unique characteristics. Cryptos also have unique characteristics but cannot be used in industry (except indirectly for payments/exchange), and are limited by the artificial platforms on which they operate.
Just my 2 cents
Nice add. Gold and Silver as hard assets for industrial uses will in no time become an obsolete. However Gold and Silver as "Money" was loosing its functionality over the years and we may soon see the end of it.