24 March 2017

Digital Gold - worse than Paper Gold

The whole reason why you would like to own Gold is to have something to fall back on if Paper Money (or the digits produced by the Central Banks) looses more and more of its value. Paper Gold (Gold ETF for example) and - even worse - Digital Gold can be useful instruments to play the asset class on a short-term basis but will be useless (inaccessible?) when they are really needed in times of crisis.
A New Trend Emerges – Digital Gold "Gifting" Gains Popularity In China