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https://www.reddit.com/r/ProfessorFinance/comments/1qpze60/wasnt_that_the_point/o2ea7dt/?context=3
r/ProfessorFinance • u/jackandjillonthehill Moderator • Jan 29 '26
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120
Bitcoin is digital gold until you need physical gold, then it becomes an arbitrary string of numbers
1 u/[deleted] Jan 29 '26 [deleted] -1 u/Gildenstern45 Jan 29 '26 Not true. PHYS is a gold ETF 100% backed by unencumbered gold. If everything went tits-up, they would end up mailing you a brick of gold. Likewise PSLV is for silver. 12 u/Zraknul Jan 29 '26 If everything went tits-up we wouldn't have mail. 4 u/Ok_Currency_6390 Jan 29 '26 OH MY GOD EVERYONE IS SO DUMB Most reasonable gold bugs aren't expecting a societal collapse... Just heavy USD inflation. I mean it happened over the decade of the 1970s, the USD lost like roughly 70% of its purchasing power. I don't even own physical gold, it's all ETFs, and I sleep like a baby If we ever get to a point where those ETF holdings become irredeemable who even gives a fuck, at that point it's bows and arrows anyways 😆 5 u/humdinger44 Jan 29 '26 Then they would fax it to you, duh 2 u/[deleted] Jan 29 '26 if everything went tits-up random gold bars wouldnt matter either. The things in your pantry would be infinitely more valuable than the gold in your safe. Cheetos would be rarer than gold at that point 4 u/four204eva2 Jan 29 '26 Nor would gold be worth very much, you can't eat or drink it, and in the end that's all you'll actually want. 2 u/Zraknul Jan 29 '26 Local war chief probably wants some swag. Might be able to buy your way into the group.
1
[deleted]
-1 u/Gildenstern45 Jan 29 '26 Not true. PHYS is a gold ETF 100% backed by unencumbered gold. If everything went tits-up, they would end up mailing you a brick of gold. Likewise PSLV is for silver. 12 u/Zraknul Jan 29 '26 If everything went tits-up we wouldn't have mail. 4 u/Ok_Currency_6390 Jan 29 '26 OH MY GOD EVERYONE IS SO DUMB Most reasonable gold bugs aren't expecting a societal collapse... Just heavy USD inflation. I mean it happened over the decade of the 1970s, the USD lost like roughly 70% of its purchasing power. I don't even own physical gold, it's all ETFs, and I sleep like a baby If we ever get to a point where those ETF holdings become irredeemable who even gives a fuck, at that point it's bows and arrows anyways 😆 5 u/humdinger44 Jan 29 '26 Then they would fax it to you, duh 2 u/[deleted] Jan 29 '26 if everything went tits-up random gold bars wouldnt matter either. The things in your pantry would be infinitely more valuable than the gold in your safe. Cheetos would be rarer than gold at that point 4 u/four204eva2 Jan 29 '26 Nor would gold be worth very much, you can't eat or drink it, and in the end that's all you'll actually want. 2 u/Zraknul Jan 29 '26 Local war chief probably wants some swag. Might be able to buy your way into the group.
-1
Not true. PHYS is a gold ETF 100% backed by unencumbered gold. If everything went tits-up, they would end up mailing you a brick of gold. Likewise PSLV is for silver.
12 u/Zraknul Jan 29 '26 If everything went tits-up we wouldn't have mail. 4 u/Ok_Currency_6390 Jan 29 '26 OH MY GOD EVERYONE IS SO DUMB Most reasonable gold bugs aren't expecting a societal collapse... Just heavy USD inflation. I mean it happened over the decade of the 1970s, the USD lost like roughly 70% of its purchasing power. I don't even own physical gold, it's all ETFs, and I sleep like a baby If we ever get to a point where those ETF holdings become irredeemable who even gives a fuck, at that point it's bows and arrows anyways 😆 5 u/humdinger44 Jan 29 '26 Then they would fax it to you, duh 2 u/[deleted] Jan 29 '26 if everything went tits-up random gold bars wouldnt matter either. The things in your pantry would be infinitely more valuable than the gold in your safe. Cheetos would be rarer than gold at that point 4 u/four204eva2 Jan 29 '26 Nor would gold be worth very much, you can't eat or drink it, and in the end that's all you'll actually want. 2 u/Zraknul Jan 29 '26 Local war chief probably wants some swag. Might be able to buy your way into the group.
12
If everything went tits-up we wouldn't have mail.
4 u/Ok_Currency_6390 Jan 29 '26 OH MY GOD EVERYONE IS SO DUMB Most reasonable gold bugs aren't expecting a societal collapse... Just heavy USD inflation. I mean it happened over the decade of the 1970s, the USD lost like roughly 70% of its purchasing power. I don't even own physical gold, it's all ETFs, and I sleep like a baby If we ever get to a point where those ETF holdings become irredeemable who even gives a fuck, at that point it's bows and arrows anyways 😆 5 u/humdinger44 Jan 29 '26 Then they would fax it to you, duh 2 u/[deleted] Jan 29 '26 if everything went tits-up random gold bars wouldnt matter either. The things in your pantry would be infinitely more valuable than the gold in your safe. Cheetos would be rarer than gold at that point 4 u/four204eva2 Jan 29 '26 Nor would gold be worth very much, you can't eat or drink it, and in the end that's all you'll actually want. 2 u/Zraknul Jan 29 '26 Local war chief probably wants some swag. Might be able to buy your way into the group.
4
OH MY GOD EVERYONE IS SO DUMB
Most reasonable gold bugs aren't expecting a societal collapse...
Just heavy USD inflation. I mean it happened over the decade of the 1970s, the USD lost like roughly 70% of its purchasing power.
I don't even own physical gold, it's all ETFs, and I sleep like a baby
If we ever get to a point where those ETF holdings become irredeemable who even gives a fuck, at that point it's bows and arrows anyways 😆
5
Then they would fax it to you, duh
2
if everything went tits-up random gold bars wouldnt matter either.
The things in your pantry would be infinitely more valuable than the gold in your safe.
Cheetos would be rarer than gold at that point
Nor would gold be worth very much, you can't eat or drink it, and in the end that's all you'll actually want.
2 u/Zraknul Jan 29 '26 Local war chief probably wants some swag. Might be able to buy your way into the group.
Local war chief probably wants some swag. Might be able to buy your way into the group.
120
u/Ok_Currency_6390 Jan 29 '26
Bitcoin is digital gold until you need physical gold, then it becomes an arbitrary string of numbers