What does the Monero community think of gold & silver?

@SpinningCat You typically buy known minter brands in sealed packaging and check the S/N on the packaging. You've also go to trust that your seller doesn't mess with things etc. like what @nemesis said.

I like silver more than gold, buying gold is just pumping the banker's bags. Silver+Monero is the chad portfolio.

@avarice

I really want some but

My precious metals are safely buried in the ground in various places around the country. lol

It's a PITB, but it protects against loss due to house fires. Those caches serve as a last resort, TEOTWAWKI fall-back resource I hope I never need.

For 25 years I've purchased ounce coins (Eagles) from https://www.apmex.com in Oklahoma City. I recommend them. Fair prices. Insured shipping. Good service. Trustworthy.

@CharliePrimero
You ever worry some old guy with a metal detector will find them though? And then I imagine the journey to collect them when you actually need them, could make for a cool video game plot a-la Fallout xD

@avarice Just use https://monerica.com/site/veldt-gold and you can get up to $20K worth of metal in a year without KYC and pay in XMR.

@avarice

You ever worry some old guy with a metal detector will find them though?

Absolutely.

For this use case, that's a risk one must take.

Physical metals are a Pain-in-the-Butt, but totally worth it in certain situations.

well see, that's so overcomplicated tho, gotta use a trusted seller thing, cant be just some random guy at the corner of the street that's like "weed! weed!", like, u know that guy does sell the weed if he being like that
aint got no way that screaming "gold! gold!" like that's not a thing, then have to have the whole serial number thing or somethin, like wuuuuut, so complicated lol
like, when saying gold is fungible is cause in itself it can be melted and remade into a brand new gold bar thing, that whole serial number trusted institution to buy from.... errrrr... sounds like a whole headache on its own
then securing it is like the whole treasure hunt type thing like wtf, like, yeah nothx, not for me i guess lol, maybe some jewlerly here and there or somethin to wear on some occasions but like that's pretty much it tbh

that thread opened my eyes on gold literally being boomer tech, thx for that lol
meanwhile monero tech literally be liek:

@SpinningCat Gold and silver are not going anywhere, and they may gain even more capital if there are quantum fears. It's best not to be a maximalist. But the problem with gold is that it's hard to verify which is why you generally want to go with American Eagles and Krugs. The spreads on buying and selling are usually bad, worse than Monero. But there is also the possibliity someone wants to swap Monero into Pax Gold or similar and get the price exposure without the physical custody risks. Then just swap back and forth in Monero and blockchain gold.

quantum thing kinda just overhyped tho ngl
for gold, is more like those:
https://www.unilad.com/technology/space/nasa-psyche-16-value-gold-quintillion-942521-20250706
asteroids with even more precious metals than on the whole earth and then the earth gold would pretty much loose all of that value

thx for the explanations tho, i just not into it i guess

edit:

editing this post instead of having first post on next page yet again being offtopic lol

bitcoin mining is more closer to videogames botting than to "mining gold", satoshi also never used the term "mining", did 1 single analogy in whitepaper but that was it, just an analogy, nothing more, not "inspired by mining gold"
szabo however was the whole premise of "bit gold" but botting videogames was a thing before that anyways
hashcash nowhere near gold mining, b-money neither, bitcoin and the term "mining" came from the community after bitcoin, not from satoshi

tldr:

• the video game botting actually aligns more naturally with satoshi's actual language and operational thinking (zombie farms, generating coins, CPU power competition)
• the gold-mining-of-bitcoin story is a community retrofit, users took satoshi's single whitepaper analogy and turned it into the entire narrative, replacing the actual vocabulary

@monerica post below:

@SpinningCat Space mining isn't likely. It's way to expensive too do this and would consequently kill the market, it's a lose-lose situation.

It's at least worth understanding the metals market since the concept of crypto mining was inspired by mining gold.