Hacker News Reader

Gold

Wow, downvotes. The hate for gold is strong, never really understood why.

The fact is that gold is one of the few asset classes that are safe.

I wouldn't be so sure, it is only worth much because we believe so. (Likewise platinum.) They will bubble and crash.

As opposed to say steel and copper which are tied to industrial supply and demand.

Money is shared fiction too. The difference is we can print an infinite supply of it but only have a finite supply of gold in the world.

Gold has the volatility of the stock market, with lower returns than bonds: https://www.portfoliovisualizer.com/backtest-asset-class-all...