Farley on Nostr: Once fiat is gone, gold’s real value will be exposed for what it is—a rock with ...
Once fiat is gone, gold’s real value will be exposed for what it is—a rock with industrial use and nothing more. Without the fiat illusion propping it up, gold maxis are in for a rude awakening when they realize:
No one actually spends it – Try buying groceries by scraping off a gold shaving.
It’s not practical – Heavy, difficult to transport, and impossible to divide easily.
The majority is locked away – Most of the gold supply is already hoarded in vaults, meaning it’s effectively off the market.
Meanwhile, Bitcoin will be flowing freely, settling transactions in minutes, securing energy-based value, and operating on a system that doesn’t require trust in vault keepers or central authorities.
The real test isn’t whether gold can outlast fiat—it’s whether gold can outlast irrelevance. 😆
No one actually spends it – Try buying groceries by scraping off a gold shaving.
It’s not practical – Heavy, difficult to transport, and impossible to divide easily.
The majority is locked away – Most of the gold supply is already hoarded in vaults, meaning it’s effectively off the market.
Meanwhile, Bitcoin will be flowing freely, settling transactions in minutes, securing energy-based value, and operating on a system that doesn’t require trust in vault keepers or central authorities.
The real test isn’t whether gold can outlast fiat—it’s whether gold can outlast irrelevance. 😆