> If you are a gold bug, you believe that no other currency in the world is trustworthy
False dichotomy. Gold is valuable when some but not all currencies (especially your own country) goes to shit. This is as plausible of a scenario as EVERY currency in the world becoming untrustworthy.
Shoving gold up your ass and crossing a border is a hell of a lot easier than shoving a wheelbarrow of inflated cash, or even a small stack of 100s (USD), up there. There are very few materials with as much value density as gold that are readily tradeable in most large cities as a commodity. To some extent crypto can serve a similar, but not identical, purpose.
False dichotomy. Gold is valuable when some but not all currencies (especially your own country) goes to shit. This is as plausible of a scenario as EVERY currency in the world becoming untrustworthy.
Shoving gold up your ass and crossing a border is a hell of a lot easier than shoving a wheelbarrow of inflated cash, or even a small stack of 100s (USD), up there. There are very few materials with as much value density as gold that are readily tradeable in most large cities as a commodity. To some extent crypto can serve a similar, but not identical, purpose.