An year since I changed my portfolio allocation .. no regrets .. View quoted note →

The only reason I dislike gold is that I can't emotionally disassociate it from fake money, fake system, fake people, etc. It's a flaw because rationally speaking gold will be great in the next decades. But it's just annoying to invest in this fake system (gold), when you can just invest in a better system (Bitcoin), that can work better even though it'll likely be much more volatile.

I see ... You think gold is fake 🤔 .. five thousand years old fake legacy besides the fact the yellow rock was forged in a super nova explosion.. there is no way to make more of it .. unless you reach the core of a black hole ...at that point .. fakeness won't matter 😭😭😭😭

I don't think gold is fake, I think that the gold system can be faked. In other words, most people buy gold through a system that is likely very fake (paper gold). And apart from that, physical gold, which I do think can be a good investment now, is also not that useful in terms of medium exchange. It's just a very captured system. When you buy gold you're buying into a system that is just very fake and artificial. And doing that in a world of Bitcoin is like buying a new gas car when the EVs are going to be much better in the long term. It'll still work but it's simply the past.

Gold ..like Bitcoin .. was never a medium of exchange ...it wasn't supposed to be .. If something is store of value ..it can't be medium of exchange ! Because value adds up through holding it over time ..whereas exchange is done with the things each party want to let go ..

Bitcoin works perfectly as a medium of exchange though, especially with Lightning network. Which makes it very useful in my view. Gold was dead throughout the 80s, 90s and early 2000s. Why? Because gold is rapidly replaced by a scarce store of value like the high interest rate money of the 80s. I think a bit of physical gold is a good investment, but a lot of gold is really more wishful thinking than anything else. We will never be able to know how much gold governments have. For me Bitcoin is the currency of freedom, not gold. But to each it's own of course. :)

Don't get me wrong ..I love Bitcoin .. but liking BTC doesn't mean hate other good things :-) That is why 40: 30 : 30 is my Mantra .. stocks : BTC : GLD .. I adopted this mix almost an year back ..and it's been a fun ride ..