Fair :)....... How about a scenario in where you want to own some gold, as insurance as you do, but it is too large of an amount to store at home? Let’s say you wanted to keep some of it at home as a store of value and as savings, but you didnt want to store all of it in one place. What is the most secure way available to accomplish this? I believe a private secured vault with armed guards and audits, where the gold is redemable is a good solution for this situation. In the meantime, you can transact with it as an added benefit. I really think we are on the same page here. I am not proposing to replace an entire payment system with gold... it is not an either or equation to me. Own crypto, own some gold at home, own some gold in a vault that has full transparency. Thank you for the engagement Luke!
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Yeah, that sounds like the best model we have today and one that goldmoney would work well for. Personally, I'd prefer to keep more value in cryptocurrency as I think it has a much higher upside growth potential, but that's just me. :)
I understand! Gold and cryptocurrency are completely different classes in my view. Gold is not an investment or a speculation, but should be used as a store of savings imo. Gold should not be compared to crypto as they do completely different things . Crypto has tons of potential upside and also significant risk thus is a seperate profile. I would never buy gold speculating on its price, but to maintain my savings over long periods of time. I speculate on crypto all the time though! ..... I’ll hop off this post as this is Roy’s article but feel free to continue the discussion with me anytime . Thanks Luke