jackspirko on Nostr: https://m.primal.net/HgSh.jpg Exactly how shitty is gold as an investment for ROI ...

Exactly how shitty is gold as an investment for ROI compared to bitcoin?

Well you could not even own gold in America until 1975. So I went as far back as possible and said if you put $1,000 in gold in Jan. 1975 vs. putting $1,000 Bitcoin at 1 dollar a coin in April of 2011 what would you have with each.?

So we are looking at 48 years invested in Gold vs. 13 years in Bitcoin.

Your gold would be worth right at $15,000
Your bitcoin holdings would be worth $61,760,000

FWIW if you put 1,000 in Bitcoin 10 years ago to this day, BTC was under 550 a coin, so you'd have two Bitcoin (be a 2X whole Coiner).

That investment holding bitcoin for only 10 years would be worth $123,520 vs. holding $1,000 in gold for 48 years to have $15,000 in gold today.

There is no way any comparison between gold and bitcoin over any number of years beyond one is cherry picking. There is no way that gold wins this in any serious assessment, it would be the gold bug that needs to cherry pick, not the HODLr.

Gold is what it is and I don't hate it, but comparing it to Bitcoin and calling it superior as a store of wealth, is only done by the stupid.

Sorry, not sorry.

Not to spike the ball but in that 49 years gold also lost about HALF of its profit to inflation. The 49 year ROI is 1370% vs. the compounded inflation for the same period of 660%.

If we do the comparison at 5, 10 and 15 years for each asset with each at equal terms, it is a total fuckin joke. Gold would not even show on a comparison graph as more than a flat line on the bottom.

The time to listen to boomers about money has past, the world has changed. They have tremendous wisdom to share, but when it comes to the monetary system they are more out of date than a hard copy of an encyclopedia from 1970.