Re:No Bitcoin ETFs at Vanguard
by rsynnott on Monday January 27, 2025 @02:20PM
(#42844607)
> OTOH, if you bought gold one week, one month, six months, one year, five years, ten years or twenty years ago you would have made money.
Well, yes, but that's a rather unusual condition (the last time that would have been true would have been for a period in 2011, and before that for like a day or two in early 1980).
By contrast if you'd bought a broad index fund you'd have made a lot _more_ money (except for the one week example, due to Nvidia shitting the bed today). Like, a _lot_ more money.
> Note too that cash itself is unproductive.
Sure; approximately no-one will argue with you on that one. But cash isn't really the alternative to gold.
Well, yes, but that's a rather unusual condition (the last time that would have been true would have been for a period in 2011, and before that for like a day or two in early 1980).
By contrast if you'd bought a broad index fund you'd have made a lot _more_ money (except for the one week example, due to Nvidia shitting the bed today). Like, a _lot_ more money.
> Note too that cash itself is unproductive.
Sure; approximately no-one will argue with you on that one. But cash isn't really the alternative to gold.