Physical gold and crypto have very little in common. Gold price swings are extremely tame in comparison. It is a finite resource and it is actually quite useful (though admittedly, industrial usage alone does not account for its value.) And even still, it’s a dumb investment for most, and the central banks doing it are mostly small economies.
If you were worried about rampant inflation or government default, you could hedge in any number of other ways that don’t routinely experience massive fluctuations and still pay interest.
Economists thought buying gold was dumb for many decades, and still do. You can find some time periods if you look hard enough where gold outperformed the stock market but you have to really stretch to make a case that it’s a trend.
If you were worried about rampant inflation or government default, you could hedge in any number of other ways that don’t routinely experience massive fluctuations and still pay interest.
Economists thought buying gold was dumb for many decades, and still do. You can find some time periods if you look hard enough where gold outperformed the stock market but you have to really stretch to make a case that it’s a trend.
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