this post was submitted on 27 Dec 2025
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Capital in crisis doesn't at all immediately equal socialism. Also, if you applied this logic to the property market pre-2008, you probably wouldn't come out all that great.
True my statement is a bit reductive and silly, but
Better than almost any other investment, apart from maybe certain specific precious metals, but the 'safe' ETFs like the US treasury bond one actually gained value during and after the crash
Yeah, I mean bonds are always a secure investment. Not to sound like a gold bug, but gold isn't bad either, especially during a crisis when faith is lost in fiat currency.
Thing about gold is it's not that far off from stuff like Bitcoin except for the floor value it has, not many gold for gold sake, they buy it to turn money into more money, including central banks (though some also care about sanctions risk but underlying reasoning is the same).
I wouldn't really compare gold to bitcoin, since bitcoin is extremely volatile when compared to it. Obviously the neoclassicals love it and want to bring back the standard since it decentralizes money creation, but it is a good investment when it looks like the central authority is not handling the crisis well.