Quote Originally Posted by poop
OTOH, we also know gold will never be worth $1m/ounce either
This seems to be putting a a lot of faith in the dollar. Gold will reach $1m an ounce one day due to inflation. Ok that day is a long way away with current inflation rates, but if we enter a period of hyperinflation, which is very much a possibility, then we have the conditions for gold to surge in value against the dollar.

As for tangible" goods. Is gold tangible? How many people who invest in gold actually possess the gold they own? The vast majority of gold is sitting in vaults. Crypto might be digital but assuming you hold it in your own wallet (a cs opposed at an exchange) then it's more tangible than gold sitting in a vault in Fort Knox. The crypto itself might be ones and zeros, but you can physically own the device it is stored on, without having to entrust a third party. Holding crypto in an exchange is rather like owning gold in someone else's vault.

The similarities between crypto and gold are more than you might give credit for. Ok gold can also be used for electrical purposes and jewelry, but as an investment vehicle it's not that different.