Gold is too heavy to own compared to bitcoin
HalfDime
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Gold is too heavy to own compared to bitcoin
Michael Saylor, Strategy executive chairman, talks about why he thinks it's safer to invest in Bitcoin rather than gold. He says the digital version of gold, Bitcoin, is better than the actual physical gold because you can't put a tariff on something in cyberspace. He speaks on "Bloomberg Open Interest."
"Bitcoin is digital gold that's going to accelerate the migration of capital from physical gold to digital gold. You know, Bitcoin lives in cyberspace. No tariffs and cyberspace."
"The big appeal of Bitcoin is it's not physical. It doesn't have weight."
"You can settle anywhere with anybody in a few minutes. And so gold has always been too heavy, too slow, you know, And you can't really ship it across an ocean. And if you do now, you're getting tariffs."
"So I really think it just reminds everybody why the digital version of gold is better than the than actual physical gold."
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Gold is too heavy to own? We better empty out Fort Knox before it's too late. 
Comments
You may not be able to put a tariff on something in cyberspace, but you can force companies to report transactions (1099) and you then have to pay tax on it.
Same thing.
My Ebay Store
Even air weighs more than bitcon.
Knowledge is the enemy of fear
And yet, not a soul has transacted with it in my shop in 16 years with one exception. A regular customer wanted to trade a Casasius (sp) for 25 oz of gold, once. Happens to be the same guy who swapped his $122 grand in his 401k for 80 oz of gold and 1000 silver eagles about ten years ago sent to a depository. Millions in cash , checks , PayPal, Venmo, master card, visa …… not a morsel of bitcoin or crypto used to buy, sell or trade. Bitcoin and crypto doesn’t compare. The rich and wealthy haven’t made the transition to use it for transactions, in my world, yet. So I figure it is scared money , locked away in the rich man’s mind.
I have had a few sell me all their r gold to buy bitcoin. But they didn’t want Bitcoin for gold in my shop. And they don’t want to buy gold with Bitcoin. The entire comparison is for naught.
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
Saylor thinks bitcoin is better than everything
Gold too heavy?……seems like a good problem to have.
Mr. Saylor gave me my laugh for the day. OK then.
I got the gutter metal is too heavy to own problem but not so with the Au......yet. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
From what I was reading today, Kinesis is digital gold. Bitcoin isn't directly convertible to gold. Kinesis is, anywhere in the world. Sounds interesting.
I knew it would happen.
Ok, what happens when the grid goes down? You have BitCoin but you can't access it. Better have a few bars of REAL money lying around.
Yeah because everyone will be lining right up to trade your REAL bars for survival necessities.....NOT! RGDS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
What happens when someone forgets the password to their digital wallet? What happens when someone becomes cognitively impaired or passes away, and their family doesn't even know they owned Bitcoin or a similar digital creation? 🤔
The same thing that happens when they don't recall where they hid their gold and the family doesn't know they had it or where it is.
Yes it does, but the gold is eventually rediscovered some day by someone.
Yep.
In (cyber)space.... on one can hear you scream....
Best movie ever!!
The perfect organism. Its structural perfection is matched only by it's hostility.
You have my sympathies.
Knowledge is the enemy of fear
I'm partial to the movie Life (2017) only because the alien lifeform kills Ryan Reynolds (spoiler alert)
It's all about what the people want...
Sort of like why I always liked "O Brother Where Art Thou?" because George Clooney's character was a bumbling dimwit. 😆
A well placed rumor that some gold is buried will turn that ground over faster than a brood of feral hogs. The rumor need not even be true!
As a recent purchaser of some XRP, those are some very relevant worries that I have thought myself.
One of the main reasons why I will not sell any of my metal whatsoever to buy crypto only using extra cash to buy it!
My YouTube Channel
Gold is too heavy then I suppose you’re not a silver guy. I just dumped some silver because I figured that was too heavy. I’ll take my changes with too heavy gold.
What a nut!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
"Gold is too heavy to own compared to bitcoin."
That's because gold is not invisible.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
You just wait till the grid is back online. Who do you sell your gold to when the grid goes down? You going to buy eggs with a bar of gold?
What happens when the same happens to a goldbug and nobody knows where it was buried or hidden? Your seed phrase - 12 to 20 words restores your wallet. You stamp the seed phrase on titanium plates, make copies and bury it in pvc pipe in your back yard, just like is done with gold.
Just tell someone where you buried it.
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Stamp the "seed phrase" on gold bars, and then bury those.
Now you have both bases covered (literally, with dirt).
That is what I would do if I had either one (or both) of those things.
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So you have no gold?
Knowledge is the enemy of fear
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I have a few pieces that I minted and a couple other "collector" coins - none that are big enough to stamp a long code on (but even if they were big enough, I wouldn't want to deface them).
I have never owned any type of crypto-currency, unless you count one of these:
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I'll admit I'm old school, and old too, but I don't understand investing in something that has no product or service.
Gold is a physical hard asset. Crypto (Bitcoin, Etherium, whatever) have no value in my mind. I suspect that most on this board feel the same. I also can see that crypto can go to zero very quickly. Gold will never go to zero.
bob
Gee, a guy who gets rich by telling people to buy bitcoin tells people to buy bitcoin.
I haven't heard of anyone putting a tariff on gold.
I knew it would happen.
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And a government could arbitrarily impose regulations and taxes on crypto-currencies.
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Accounts can be hacked, Quantum Computing risks, cyberspace nonsense, etc.
If you are a billionaire, then yeah, a small % in gold could be a logistical problem to store and carry around.
For most of us, that isn't a problem.