Sentences with phrase «gold than fiat currency»

In this way, Bitcoin is more like gold than fiat currency.

Not exact matches

Unlike in the past, when you could exchange your dollars or any other currency for physical gold, fiat currency is not backed up by anything else than a number printed on a piece of paper.

* Gresham's Law is an obstacle to BitGold's profitability, in that the sort of people who would want to own physical gold would be more likely to spend their fiat currency than their gold.

Physical gold that may be suffering from a falling domestic fiat currency price is still exponentially more valuable than devaluing paper fiat currencies, as anyone living in the Ukraine, Russia, Mexico, Brazil, Venezuela, and in any number of dozens of other emerging markets have unfortunately rapidly learned in the past few years.

As such, higher interest rates tend to make fiat currencies like the U.S. dollar appear more attractive to investors than gold or silver.

I personally favor a gold standard because it leads to fewer problems than a fiat currency standard.

Most fiat currencies once represented real, tangible assets in holding (such as gold), but those days have long passed and cash has no inherent value other than your faith in it.