Now, in my view, given the potential costs and challenges of the other assets, gold still remains the top choice.
Luxury watches may be more value dense than gold, but the marketplace is limited and the costs to sell are much higher.
There are gold dealers in just about every major city on the planet, so you’d be able sell a gold bar in no time at all, at very little cost.
Colored diamonds, luxury watches (and even comic books) could take much more time to sell, and you might need to pay steep commissions to close the deal.
Plus, the gold price is quoted worldwide, round-the-clock. There’s never any question about how much gold is worth.
The 1,000 Swiss franc note is more value dense than gold. And for now, Switzerland has resisted the calls to ban the note, as Europe has done with its 500-euro note.
But I wouldn’t expect that sensibility to last forever. Between the two, gold is likely safer from a regulatory perspective… and more universal.
But fortunately the decision doesn’t have to be mutually exclusive. You don’t need to choose between one and the other.
So if you’re going to fill up your safe, choose a variety of assets. You can start small– silver coins and $20 bills.
Now, there’s one asset here that I didn’t list. You might have thought of it already… it’s one that blows the rest away in terms of its value density.
I’m talking about cryptocurrency.
Bitcoin, for example, takes up precisely zero space. If you really wanted, you could memorize a string of digits and store millions of dollars in your head.
Even if you wanted to print out a 250-pixel QR code and keep it in your safe, it would take up a laughable amount of space, roughly 0.21 cubic centimeters– not much bigger than a tiny diamond.
Yet that same 250-pixel QR code could hold $1 worth of bitcoin… $100… $1,000… or even millions.
In other words, the value density is enormous.
Now, I’m not encouraging you to dump all of your savings in cryptocurrency– there are still plenty of growing pains ahead.
But it’s important to understand the many benefits of cryptocurrency… and value density is just one of them.Full story here Previous post See more for Next post
Tags: Bitcoin,Centimetre–gram–second system of units,Cubic centimetre,Cubic inch,Density,Diamond,Gas constant,Kilogram,Litre,Measurement,newslettersent,SI derived units,Swiss Franc,Switzerland,Units of measurement,Units of volume