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I always looked upto Michael Saylor but this video made me a little skeptical :( What do you think guys? Does Gold has no future?

I always looked upto Michael Saylor but this video made me a little skeptical 🙁 What do you think guys? Does Gold has no future?



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  1. I see it the same way. Gold is pretty overvalued if you argue that it has value because of its industrial use case.
    It used to have real value because of monetary properties and functioned as a hedge against total collapse, but even in that scenario Gold is not very useful. What’s a gold ounce right now? $1800? In the scenario of total crisis where Fiat is collapsing and people are back to bartering, how much do you really think you’re getting for that ounce? I’m a fan of investing in assets, but Gold is not that useful and mostly bought by speculation. In a time of crisis Gold is a good that everyone wants to dump, not actually one anyone wants to have. Canned beans and cigarettes are probably a better investment

  2. As a (ex)gold miner who owns a few gold claims, gold has not been profitable to mine for many years. Between high fuel costs, low gold prices, not to mention ridiculous regulations, the gold is better off remaining in the ground.

  3. It depends. Gold will stay relevant in countries like India where the value comes from a long tradition. Traditions like these survive the test of time through several changes. Gold is still a good hedge against fiat and other assets. It will always have value since we are wired to think it’s a store of value. It’s a tangible asset, you can hold it in your hand , weigh it, make jewelery and so on. Gold will survive at least a few decades if not more. It won’t do as good as crypto, nothing will, but it’s still a good hedge when the bear markets hit

  4. Gold is a consumable, and used in all sorts of electronics and dentistry and art. It’s never going to be worthless. But btc is def a contender, I don’t think this genie will ever go back in the bottle.

  5. Investors rarely invest large amounts in physical gold. They tend to buy **gold on paper**, such as in an ETF. Paper claims to gold represents 99% of all investment gold. How do these incredibly naive investors check that their paper-based gold even exists?

    Don’t compare Bitcoin to gold. Only compare it to **paper gold**, because that is what it is about.

  6. Silver is every bit as pretty as gold and is far more useful. Over 90% of silver get used for industrial applications almost as soon as it is mined. Gold, on the other hand, is so useless that the vast majority of it sits in vaults, untouched for centuries. Gold may be rarer than silver below ground, but silver is far rarer **above ground**.

    If gold had a fair price based purely on its intrinsic usefulness as a metal, I believe it would be priced similar to silver and not 80x higher.

    But gold **isn’t** priced based on its intrinsic usefulness as a metal. It’s priced on its usefulness as a store of value. In other words: scarcity (supply) and acceptance (demand).

    Bitcoin may be a better store of value, but that doesn’t subtract from gold’s ability to act as a store of value. Gold will be as scarce as always (supply), and it has built up a lot of mindshare (demand) over the last few millennia. The success of Bitcoin will not easily remove the idea in everyone’s head that gold is valuable (demand).

    Therefore, even if we assume the existence of Bitcoin does reduce demand for gold, I expect it to be a slow process that takes generations to play out.

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