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Gold & Silver Is a Scam Compared to Bitcoin<\/p>\n\n\n\n
Back in 2017, I bought two coins from the Canadian Mint \u2014 one gold, one silver \u2014 just out of curiosity. At the time, there were massive debates online between gold bugs and Bitcoiners. I wanted to see what \u201creal\u201d gold and silver felt like in my hands.<\/p>\n\n\n\n
Right away, I thought the Mint\u2019s website was overpriced. I had a bad feeling, but I went ahead and bought just two coins. When they arrived, they came in a fancy box with shiny paper \u2014 I threw those out immediately. I regret that now, not because they looked good, but because they would’ve helped me remember the exact prices and order details.<\/p>\n\n\n\n
ChatGPT estimates I paid around $53 USD for the 1g gold coin and $14 USD for the 8g silver coin. That sounds right, because I clearly remember being angry at how expensive they were for such small pieces of metal.<\/p>\n\n\n\n
Turns out that according to chatgpt the premiums were high because small coins cost more to produce \u2014 and that fancy box? Also part of the markup. If you want better value, you have to buy full 1 oz coins or more. Today, my two coins are worth less than what I paid \u2014 I\u2019m still down about $20 USD eight years later.<\/p>\n\n\n\n
It only took me a few minutes, even back then, to realize Bitcoin was in a completely different league. It wasn\u2019t just better \u2014 it was revolutionary. If I had put the same money into Bitcoin instead, I\u2019d have over $6,000 today.<\/p>\n\n\n\n
Try selling a single 1g gold or 8g silver coin \u2014 nobody wants them. They\u2019re basically financial souvenirs. The only real use for them now is as a teaching prop to show others just how bad gold and silver are as money.<\/p>\n\n\n\n
In conclusion, there never was a real debate.<\/p>\n\n\n\n
Bitcoin was always the winner.<\/p>\n\n\n\n
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