One of the reasons why gold has always been popular is the fact that it’s a very portable store of value. If things go wrong in your country, you take your gold and move somewhere else. The same thing can’t be said about real estate, for example.
Well, domains are better from that point of view because they’re even more portable than gold.
All you have to do is remember your login details, you don’t even have to physically carry anything with you.
Let’s assume you live in country A and something bad happens, forcing you to move to country B.
If you own gold, transporting it to country B could be difficult. It might get stolen, for example.
Whereas with domains, you don’t have to worry about that aspect.
You arrive in country B, log in and bam, your domains are still there.
This scenario is valid in all cases except one: if something bad happens in the United States, it will be tricky because Verisign is a US-based company, your registrar is probably a US-based company as well and so on. But personally, I doubt something extremely bad will happen in the US during our lifetime.
I’m not saying the US is in great shape but compared to the alternatives, it’s a lot better and out of all developed economies, I’m confident it will be the last to fall.
Therefore, I’d say we can conclude that at least as far as the portability factor is concerned, domains are better than gold.
June 26th, 2013 at 3:44 pm
The problem is that it’s pretty hard to buy bad gold. On the other hand, it’s really easy to buy bad domains.
June 26th, 2013 at 5:01 pm
@Jacob: unfortunately, there are always risks, no matter what you invest in. For example, gold was worth $1,900-ish/oz back in 2011 and now it’s close to the $1,200 zone.
A lot of people do indeed buy bad domains but one solution for those people would be focusing on highly liquid domains such as LLL dot coms, NNN dot coms and so on.
June 27th, 2013 at 1:52 pm
@Andrei: Truly Agree!! Just look at Apple stocks from Oct. ’12 to now… Also you have to search hard for impurities in gold. By the way, was the last comment directed at or for Jacob?