Thank you !! Thank you so much. This deserves to be quoted again. Thank you for this I saved these imagined now instead of explaining huge walls of text I simply refer s person to those tables. They very true and humourous too hahaha I love how it says to wear goves when touching money since it's filthy. Haha and gold is very shiney
Whoever populated those charts obviously has no clue what they are talking about and are so biased the information is worthless.
1) Portability - moderate. Lets apply some reality to this, a $40k gold bar is the size of a smart phone. How many people here at any point in their lives have walked around with so much cash that it would equate to more than a 1kg bar or two what would easy fit in your pockets.
2) Divisibility - moderate. You can buy gold in grains which is 1/15 of a gram.
3) Security - moderate. I bet I can come up with more major bitcoin hacks than you can major gold heists in the last few years. Also take a quick look at the scam accusation thread on this forum then find me an equivalet version on a precious metals forum.
4) Easily transactable - Low. I have strolled in to a bullion dealer, handed over 50oz of gold and the money was in my bank straight away. Scale that up, some days several hundred million dollars of gold are dumped within seconds on the market. If that happened to bitcoin there would be a major crash.
5) Decentralized - low. Gold can be purchased virtually anywhere in the world. It is also mined in numerous countries.
6) Anonomous - low - You can buy and sell gold for cash without any paper work or I.D requirements
7) Durability - low - They are pulling gold artifacts out of the ground that are thousands of years old and look as good as the day they were made. Its an element that doesnt rust or degrade.
8 ) Scare - Moderate. All the gold ever mined would fit on 1 tennis court.
9) Sovereign (Goverment issued) - Low. Ever hear of "Sovereigns"
Nearly every country in the world has government issued gold coins
