0xTodd ( thinking )
0xTodd ( thinking )|Mar 03, 2026 02:13
I think the most fatal disadvantage of gold compared to Bitcoin is the high wear and tear during monetization. Everyone assumes the most extreme scenario: you carry a piece of gold and flee to a foreign land. Assuming you safely evade customs in both places, the next big question is how to monetize it? Domestic 中国 Whether it's ICBC or CCB, these banks have low wear and tear, but they only recycle their own gold bars and others don't recognize them. You can only find jewelry stores or gold recycling companies, starting with a wear and tear of 2-5%. You can try to change it and you'll know. Unless you find Shui Bei, but not every country has a large market for Shui Bei at this level. Singapore 新加坡 Financial freedom in Singapore, I am familiar with it here, but would you like to try using gold bars? In Singapore, only UOB Bank trades physical gold bars, and just like in China, they only accept their own, which is even more abnormal. The bags must be original, otherwise there will be a handling fee. Otherwise, you'll just go crazy and look for small jewelry stores in Little India, which will inevitably result in 5% -10% wear and tear. Singapore only offers a slight discount on BullionStar. United States 美国 In the United States, as a retail investor, you still have to look for various coin shops and Bullion merchants, and this kind of transaction fee also has to be 2-5%. Either it's APMEX online, and their main product is gold coins, which also have high wear and tear. ---Dividing line--- To be honest, no matter which country you are in, when facing foreigners, carrying gold bars of unknown origin and offering you a 10% discount is not considered excessive, right PS: What? Do you need to bring purchase records and invoices? Didn't you flee ? Even if you flee with invoices and purchase records, do they recognize Chinese ? Do you still need to do a foreign language notarization for the receipt ? Far from losing Bitcoin, okay. Even if you sell the gold bars with 3% wear and tear and scrutiny towards foreigners, and carry a pile of cash and banknotes, it is still very suspicious and dangerous, an absolute Reg Flag 。 Bitcoin ₿ The most impressive feature of Bitcoin, in addition to its own characteristics, is its mature infrastructure. Bitcoin+stablecoin+U-card, this combination is unbeatable. It allows you to easily spend money anywhere in the world where you can swipe your bank card within 0% to 1% wear and tear. If you register for certain cashback U-cards, you can even earn 1-5% by swiping the card, which can be used to reverse the electricity meter for you. Is gold worth it?
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