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SanFranManDan | 5 years ago
That might not be true if you consider that it is dramatically easier to lose $1b of bitcoin by forgetting the key, but there is almost no way you could lose $1b of gold by forgetting the combination or losing the key to the safe.
And if you stored bitcoin for 20 years on a key without moving it, would you really be that confident that after 20years you would still have access to it? That the media you used to store the key on didn’t degrade? That you have the correct password. I can be extremely certain that the gold bars I have now will be exchangeable in the future.
With bitcoin when storing money, there is a much bigger risk of it going to zero when you are storing it.
ArtTimeInvestor|5 years ago
You mention keeping gold in a safe. The first question to assess the safety of that gold would be where that safe is.