this post was submitted on 27 Dec 2025
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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.