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Comment by anonisko

Every store of value that has ever existed and will ever exist is just a game of speculation that it will continue to be valued when you're ready to withdraw your money to do things you've saved for.

Gold was the best portable and fungible speculative bet for a very long time.

Bonds are speculation that a country will continue to be productive and well managed enough to pay their debts without resorting to massive inflation.

Stocks are a speculation that a company will continue to be competitive and profitable for long enough to recoup your investment.

Real estate is a speculation that an area will continue to be a desirable place to live or useful for some industry.

Rare art is a speculation that people will still be willing to pay millions for your original Picasso and that we won't be able to produce undetectable copies with better technology.

Bitcoin is a speculation that people want a digital, neutral store of value like gold was that they can park excess money in that they don't have a better use for right now.

parent anonisko 5 years ago

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