Bailey
👤 SpeakerAppearances Over Time
Podcast Appearances
has a number printed on it and it says 250 000 and if they're telling me that only 250 000 will ever be created it's a it's a natural scarcity and with the artwork it becomes the collectible as a collectible it will have its own intrinsic value to somebody so my thought was okay well as long as the art's good
I'll just pick these up and just stack them, toss them in a safe and just stack them.
I'm not going to spend them because that's stupid.
But later, and I learned this with the Transformers,
later somebody might say look i really want that one i missed out on it i'm they're not going to print it again i really want it so i want to get this one anybody that's old enough might remember the same kind of concept was happening with pogs remember pogs right collectibles where it's like you get all of these and there's a set
The old monopoly pieces that a Lego, right?
Monopoly Lego.
And you got the little Lego kids and you can collect all the ones, the monopoly pieces.
You collect all the pieces.
This is the, this is what this is.
Baseball cards in the olden days.
comic books in the olden days.
This is what this is to me.
It is, there's a set, there's a, there's a collection.
There is something that is saying, okay, I want to get it on that.
Not because there's a Fiat necessarily equivalent to it, but because it's going to be presumably of value to someone someday.
And that in of itself creates a value that I can use if, and when later.
Two, it's a natural store of value.
It's a natural store of value.
You're just stacking something that is, whether you do it as a goldback or you do it as the regular bullion or you do it as rounds, you know, it doesn't matter.