Here's something that shows one BIG difference between gold and Bitcoin worth a thought:
"When you work for or otherwise get money or Bitcoin, you do still have one more step: taking that currency and acquiring something you would rather have, the transaction is not quite complete, you have not been completely paid. When receiving gold, you have already been paid."
This is a typical gold-bug attitude and mentality. They don't really expect that they might have to sell their gold somewhere in the future. If they actually considered such a possibility they would most certainly not say that they had already been paid (with gold). Instead, they typically think that they will pay in gold directly should such a necessity arise...
But shrouds have no pockets
I value gold very highly. With luck I will never have to sell or use gold to buy anything. Ever
That's what I'm talking about precisely. Gold-bug mentality!
My intention is to have my gold handed down through the generations. Rich European families have been doing this for centuries, some things old families get right.
Gold is not the only asset my family owns. But I am very happy with it as an asset diversification
It is your choice, and I'm not here to question it. But, given the two major circumstances, I don't think it is a wise strategy overall. First, you don't know what might happen to gold in future. It may be prohibited and confiscated, people may change their attitude toward gold with it losing its value, it can be created out of thin air and thus cease being relevant (and history is no guide here). Second, you can't be sure that your posterity won't just squander it...
As the saying goes, the first generation makes wealth, the second generation spends it, and the third generation blows it
