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by gwbas1c
2136 days ago
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> What are good alternatives? Gold, cash, or ETFs have substantial drawbacks The search for a good, long-term store of value has been around since the invention of money. Adam Smith's "Wealth of Nations" discusses this problem since the beginning of capitalism. And, BTW, Bitcoin is no better. It's only worth what people are willing to pay for it. Just ask anyone who bought when it was worth around $20k! The only way they'll get their money out is if another sucker comes along. A good store of value's value does not fluctuate. The point of investments like ETFs, mutual funds, stock, ect, is that you're allowing someone to put your "stored value" to use, so they can create more value for you. But, here's the thing: If society crashes, it doesn't matter what you've put your money in, we're all screwed. |
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