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RE: Steem vs BTC: Why we could see Steem overtake BTC as the #1 cryptocurrency soon.
Do you really think gold has no uses? https://en.wikipedia.org/wiki/Gold#Modern_applications
Do you really think gold has no uses? https://en.wikipedia.org/wiki/Gold#Modern_applications
Gold is in my opinion not a speculation (btw). It´s rather an insurance.
That is a good thought, because some people did Not have direction on there own.
Fundamentally, all insurance is speculation; the purchaser is gambling that their cost for maintaining insurance will be less than what it will pay out (plus any value from peace of mind), while the seller is gambling that their income from the sale will tend to exceed their cost from payout.
So if buying gold (or any other investment not tied to a given currency) buys you something of intangible value (peace of mind), go for it. But don't assume it's not a gamble.