Re:No Bitcoin ETFs at Vanguard
by sgt101 on Sunday January 26, 2025 @02:04PM
(#42832866)
My wife can't wear a bitcoin. She can wear a gold necklace and will be pleased to do it even if the price goes to 10%
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Re:No Bitcoin ETFs at Vanguard
by LudwigNagasena on Sunday January 26, 2025 @02:18PM
(#42833028)
What’s better: someone’s wife wearing a gold necklace, or a gold ignot sitting idle in Fort Knox?
What’s better: someone living in a house, or a house sitting idle as a store of value?
What’s better: someone storing his wealth in houses and gold ignots, or in special financial assets that don’t take away products from other people?
Hoarded wealth is a stinking manure; used wealth is a fertilizer.
> hoarded
It’s bad to be able to transport wealth through time? Spend it or lose it? Never work hard now for later?
Re:No Bitcoin ETFs at Vanguard
by pfannkuchen on Sunday January 26, 2025 @03:12PM
(#42833577)
Doesn’t the appeal of gold as jewelry rely on it being expensive? I think if the price cratered its use in jewelry would probably plummet.
It's the look. You also get resin / rock / clay / steel / ... (anything really) jewellery. It's not just about the price. And even then, a jewelry-sized gold piece is quite cheap.
Re:No Bitcoin ETFs at Vanguard
by mistercheph on Sunday January 26, 2025 @02:31PM
(#42833180)
Would she be happy to wear a necklace that appeared identical to gold to the naked eye, but anyone with a $10 instrument could demonstrate was not gold but something relatively worthless? If so, I have something I would like to sell you that your wife would really love.
Re:No Bitcoin ETFs at Vanguard
by 1659447091 on Sunday January 26, 2025 @03:15PM
(#42833621)
I doubt she would be too pleased with the green stain left behind when taken off