Interesting post. Substitute BTC for Gold, and you might be on to something.

Gold is not an investment. It’s an insurance policy. Is it a good one? I don’t know. What I do know, is that for the average person (obviously my view) it’s a better option than anything else that exists. And has been for 1000s of years.

Viewing gold as an investment, particularly over short time frames, is an incorrect approach.

I’ll leave it at this: if you research the Roman Empire you will discover that when a man’s daughter got married, he was expected to buy and wear a new custom woolen Toga, draped over his everyday Tunic, to mark the solemnity of the occasion. The cost of that new woolen Toga, 1oz of gold. For a ‘working class’ Roman citizen, that might be a year or two of labor to save enough money to accumulate an Oz of gold.

Today, a moderately priced custom suit costs 1oz of gold.

Priced in Oz of gold, the median price of a house today, is the same as it was in 1975.

I’ll take my chances with the shiny metal, which has tracked the destruction of purchasing power of fiat currencies for 1000s of years.