Bitcoin Forum

Interested to know people's opinions....

My take is on gold for this year (Euro devaluating and all, etc.).
2016 will be the year of bitcoin! :D

I pick Bitcoin
Bitcoin can easily double once the true bottom is found and possibly more depending on the level of FOMO to hit when it does. Silver would be next and can also fairly easily double but that's about it for this year. Gold on the other hand has no possibility of doubling within this year. For these reasons, I have a higher percentage of my porfolio devoted to Bitcoin and the trade thereof. Then a substantial chunk of money set aside for silver when it takes it's final plunge into the low teens where I will buy 1-10,000oz of physical (I haven't decided how much yet but 1,000 to start is certain).

IMO, Gold is a terrible investment compared to silver. If you get silver at $15 and gold at $1100, silver can realistically get about an 8x increase over the coming years whereas gold would be lucky to get 3-4x. Now, I understand that as far as eating up as much available funds for a smaller required space, it's gold hands down, but if space and weight is not an issue, silver is by far the better investment.

The prices of metals are less volatile, so there's less to gain, but also less to lose. I can't imagine the prices of gold halving within a month ;)
Bitcoin is still a high risk investment, but with high risk comes a possible high gain. Wise people will tell you to divide your assets between fiat btc and metals. Another altcoin is the worst choice here.

I would place my bet on both which will slightly lean towards bitcoin. If I would spread my investment portfolio, it would be bitcoin 30 pct, 20 for rare metals and the rest on others.

we already have a very good topic on the same issue. Not sure if we need to have a second one on the same subject.
Have a look here: https://bitcointalk.org/index.php?topic=68655.0

To answer the question from the OP, here is my view on gold (silver pretty much aligned with that):
last Friday was pushed again down to the $1200 line. Seems like $1180 is back in the cards. Slip there will pretty much set the gold market for the first half of 2015.
Taking into account low in summer, even good performance in Q4 won't bring much in the gold market. Not this year.
So probably bitcoin would be better pick, and the best pick would be an altcoin.

You are asking such a question on a Bitcoin fourm, then the answer is definitely the"Bitcoin".

2013 was the year of Bitcoin, hope 2016 will be another year of Bitcoin. Bear couldn't last forever.

The best choice is buy/sell both

All depends on how much money you want to lose.

I think gold is far more stable than btc and has a good potential upside in the next few years due to QE.  Russia, China and big money are buying gold as quick as they can grab it and that is happening for a reason (I think a gold back currency is on way kicking the $ in to touch)

BTC is a gamble and you could get rich or go broke overnight.

Either way never get emotionally attached to investment and realise when its time to sell up.

Seems to me the biggest mistake  gold/btc bugs make is the "they'll have to prize them from my dead hand" approach.

BTC obviously has the most price swing potential up or down.  That's just expected volatility when no one's quite on board yet.

Gold/Silver definitely the most stable of all the options.  Alt-Coins, Fuggedaboutit!

Looking back into the most recent history, only QE1  has actually positively affected the gold price. All the remaining QE operations, didn't have the same impact. Actually, with QE on-going gold price went down, and it seems for now that direction "pleases" central banks who run the gold market. So unless there is a serious "loss of trust" event coming, things will continue as usual. Thus, I don't expect price of gold to outperform bitcoin in 2015. more ahead maybe, but not in this year.

of course im vote bitcoin, but so sad when i see bitcoin price  :'(

What happened with the news that scientists were able to produce gold artificially ?

If that ran that process 24/7 we'd almost be able to see what they produced with a high school microscope and oil prices would be at ATH...  Ok maybe I'm exaggerating a little. :-)

Long term, gold or silver is the safe choice, but Bitcoin obviously has a more speculative upside, and biggest risk of downside.

Oh boy, good question. Probably bitcoin simply because of it's speculation attributes. Also I think silver above gold (just look at the gold to silver ratio).

After more than a year of solid bearish market movements, I hardly think Bitcoin is the easiest answer for everyone here - and that's only if everyone is posting honestly w/o an agenda.

+1
I think it would be more silver going up to meet the historical average than gold coming down to it.

historically, there is still space to the upside on the gold/silver ratio. we are currently in the low 70s, the recent peak was at 80s, historical peaks within last 20 years reached 100.
And why bitcoin over altcoins, in terms of gain?

Historical average in the au:ag ratio is 16:1 (and since 1900, it has been ~27:1) so being in the 70's, gold is still in a bubble of epic proportions (or the suppression of silver is out of control...) More likely, it's both, really

Better question, who will lose less?

All of them were in a bubble and still in the process of deflating. I'd go with silver. It'll probably lose only 5-25%. Gold will lose 10-20% even though it could crash to $800s especially after fed raising rates. Bitcoin will be lucky to lose less than 50% by the end of the year.

take a look at the last hundred years of gold/silver ratio here: http://www.macrotrends.net/1441/gold-to-silver-ratio-historical-chart
this ratio stayed above 70 all the time in between 1989 and 1997 (so being above 70 may be toppish, but doesn't have to).
Also, the last two peaks were closer to, or even above 80, rather than in the area we are right now. The third last one was the ATH, at about 100.
Bottom line, there is still room to push gold lower (and silver even more) and that won't be against any historical trends.