Nice thought, but SteemGold would be no better than the GLD ETF.
Unless you can hold it in your hand, it is a digital illusion of the real thing.
You are viewing a single comment's thread from:
Nice thought, but SteemGold would be no better than the GLD ETF.
Unless you can hold it in your hand, it is a digital illusion of the real thing.
Spoken like a true die-hard stacker. If you don't hold it, you don't own it. I do agree.
But it would be better than a GLD ETF because it won't have the same counter-party risk. There is always the chance the company behind an ETF can go under. The STEEM network is totally decentralised with witnesses all over the place, so where is the counter-party risk?