Why ‘digital gold’ won’t ever kill off the real thing
“Gold has often been referred to as a relic. But from a behavioural perspective, this may also mean it is ingrained in our subconsciousness and related actions. Put differently, as long as humans remain tangible, it is likely that they maintain a desire to hold real and tangible assets.
Very few companies on the US stock exchange, for example, are older than 50 years. By comparison, gold has existed for thousands of years and any gold coin or gold bar will most likely outlive any company and their stocks and bonds. Put together, it is unlikely that a company that sells claims on gold, such as a gold ETF, will beat physical gold’s longevity.”
USAGOLD note: That’s the bottom line on ETFs, bitcoins and the like – wannabes, not gonnabes. At least in the sense of what constitutes real gold ownership. Good article for the thinking gold owner. . . . . . .The Italy 20 lira gold coins pictured above are over 120 years old, still reflect the purchasing power of gold in international markets despite their age and have survived the many turns in Italy’s history. One hundred and twenty years from now that will not have changed. “As long as humans remain tangible, it is likely that they maintain a desire to hold real and tangible assets.”
Repost from March, 2016