RE: Any fool can spend money. But to earn it and save it and defer gratification—then you learn to value it differently!(weekly crypto updates)
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Yesterday evening, while talking about these issues with a friend of mine, he opened my eyes about bitcoin. I would not normally think of crypto investment. I was someone who thought of gold investment. But he said that if all currencies are focused on gold, when you invest in gold, you only protect the value of your money.
What you can buy with 1 gram of gold today is 1000 currencies. If tomorrow that thing you will buy becomes 2000 currency units, you will pay 1 gram of gold again if the equivalent of that currency unit is still gold. He explained that the reason for inflation is the change in the gold equivalent.
What do you think about this?
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I never bought gold or silver as metal, just as a jewel. But then, as background, I was born in a country where it was illegal to have big quantities of precious metals, so, maybe this is the way I grow up.