News for hackers. Stuff that matters.

A comment on Show HN: M1 Chart – The stock market adjusted for the US-dollar money supply. Parent comment

Re:Show HN: M1 Chart – The stock market adjusted for the US-... by jkhdigital on Saturday February 13, 2021 @09:30PM (#26129141)
Gold has no yield (more like negative yield, due to carrying cost)... but also has no counterparty risk. Gold is an interesting option when real yields suck, but the real purpose is to preserve some semblance of wealth when the sovereign becomes insolvent.
[ Parent | on HN ]
Re:Show HN: M1 Chart – The stock market adjusted for the US-... by tylerhou on Saturday February 13, 2021 @09:49PM (#26129214)
The counterparty risk is that when the sovereign becomes insolvent, people won’t want to buy your gold because they’d rather have food and water.
[ Parent | on HN ]
Re:Show HN: M1 Chart – The stock market adjusted for the US-... by vijayr02 on Saturday February 13, 2021 @11:02PM (#26129559)
I think the risk when the sovereign goes insolvent is a bunch of people with guns turn up and take your gold away. Sometimes the insolvent state and the people with the guns may even be the same.
[ Parent | on HN ]