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by mmmrk 2146 days ago
It's no different until raiders show up at your door. Your million dollars can be stored in assets outside your home.

Also, IIRC, gold quickly lost its trading value in post WW2 Germany because, uh, you couldn't eat it.

1 comments

Sure, neither can paper money be eaten. Well, it can, but it is not nutritious. All the problems of gold are the same with paper money, there's no need to type the wheelbarrow story again. And gold might've not been useful in germany, but other places did take your gold. No one took Reichsmarks.

If you are storing a million 'dollars' in assets then you are not storing a million 'dollars', you are storing assets currently valued at one million dollars OR also 500oz of gold.