Never go full central banker: Gold is a fiat commodity currency - TopicsExpress

Never go full central banker: Gold is a fiat commodity currency (with insignificant intrinsic value). Bitcoin is a fiat virtual peer-to-peer currency (without intrinsic value). Gold and Bitcoin are costly to produce and store. Gold as an asset is equivalent to shiny Bitcoin. Central bank fiat paper currency and fiat electronic currency are socially superior to gold and Bitcoin as currencies and assets. There is no economic or financial case for a central bank to hold any single commodity, even if this commodity had intrinsic value

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