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RE: Erik Voorhees on "Is Bitcoin the Future of Money?"

in #bitcoin6 years ago

Gold is not worth investing in as a store of value because its utility value is dependent on the economy being strong as do all utility metals. When the economy is weak and a store of value is required the utility value of the gold falls meaning that all you get is a flush of volatility and a stabling out. this could be higher or LOWER than when the economy was doing well. A gold investment is a straight up gamble. You would be better investing in patents which not only have utility but a store of value .....assuming you have done your research well.

The world and its relationship with gold is very different to pre-1974.

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