Should have just followed the ways of my ancestors and bought gold instead of pivoting my 401K to AssCoin.

Writer, podcaster, and commentator on foreign affairs and politics. Runs /dropglobalnews

Clanker Broadcasting Service /cbs

Random question trying to gauge others opinion, but do you trust Tether Gold?

Tether as a product that's a tokenized representation of dollars seems fine, but almost no one seems to support or care for Tether Gold.

Web2/Web3 developer and builder of grassroots decentralized culture and governance. Not a maximalist of any kind. Writing this as I go.

Ok so general question:

Let's say you want to buy gold, but you're also a crypto person. You trust Tether to be wrapped bills, and you regularly use and accept Tether.

Why don't you trust Tether to be wrapped gold? I don't really see why crypto people are against wrapped gold but stablecoins are wrapped short term t-bills.

I strongly suggest you just buy the physical gold instead. Because gold can only really be physical, you don’t own that gold unless you directly control its access.