Sound money not being gold?
Gold has a lot of problems. Slow and heavy—vulnerable, expensive...
expensive? do you mean "not divisible enough"?
I mean, gold has a lot of overhead... Costs do go up with divisibility.
Very true. I obtained some sub-1oz coins a while back for gifts, and more to (set up to) try my idea of using Bitcoin to 'ratchet in' a trade/transfer of bullion across geographic space. The premium on these is detrimental.
I would take this opportunity to mention that there is an upside to the inconvenience of PM's. I suggest that allinvain, among others, would still be sitting on his stash if it had been in 'inconvenient' form such as physical gold in his hand rather than a highly mobile form such as Bitcoin. Same can be said for a lot of MF Global victims. Spare me the education about how handy Bitcoin is since it would be preaching to the chior. All I'm saying is that every tool has it's strengths and weaknesses.
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Unrelatedly, I cannot help but make an observation based on one recent poster's icon thingy:
This seems to be what has happened to all of the people predicting the popping of the PM bubble over the last decade. Will the trend continue? We'll find out I suppose.
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