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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%
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?

Re:No Bitcoin ETFs at Vanguard by rvnx on Sunday January 26, 2025 @02:24PM (#42833090)
Hoarded wealth is a stinking manure; used wealth is a fertilizer.
Re:No Bitcoin ETFs at Vanguard by liontwist on Sunday January 26, 2025 @03:26PM (#42833726)
> 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.
Re:No Bitcoin ETFs at Vanguard by viraptor on Sunday January 26, 2025 @04:10PM (#42834175)
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