Bitcoin Forum

If you had a choice between 1BTC or 1oz of Gold, which one would you choose?

BTC.

I can buy something with it.

http://1986.1.9.pic.centerblog.net/bf8f1d6a.gif

r u a wizard?

I would take the ounce of gold and then trade it for 2.32 BTC

i would take the BTC.  cause gold can technically be fool's gold

Au != FeS2

If you're going to ask this question, you might as well propose it in a form which is worth discussing:

"If you could accept 1 BTC or 1 oz of gold - but you can't sell or do anything with it for 5 years - which would you take?"

yeah but are you gonna do scientific tests, and inform eBay of fraud when they send the FeS2 instead of the Au.  at least a Bitcoin is a Bitcoin    ;D

1 BTC or 1/2oz of Gold. Then I'd directly go for BTC.

If (and only if) the question is proposed in these terms, I could prefer 1 BTC, even if now it worth less than 1/2 oz of gold.

It's just about its potential: I think it is improbable that 1 oz of gold could change someone's life in 5 years, while there are at least some chance that BTC will (edit: continue to) raise its value in an exponential way.

i would take the gold, sell it, and buy 2.5 btc

Painted steel is easier to fake as gold than pyrite  :D

I would take BTC and HODL for 5 years.  8)

i'd hold for 8 years
don't u wanna witness the fanatical runup to $10,000,000 a coin??

Spot gold: 1329.
BTC/XBT : 547.

If I had a choice of doing what exactly?

Ok,i will then hodl for 8 years :P

bitcoin. I dont like gold

Gold, women are attracted to it, apparently. ::)

Obviously the OP has no idea what he's talking about regarding BTC.

I would take the ounce of gold.

I would take the BTC and tip it to Max Keiser the tramp!

Umm. I'd take the ounce of Gold right now. Assuming I don't have to pay price over spot or shipping or anything, I'd take the Gold for sure. It's a great hedge and it'd add to my current stash.

If you offered two BTC I would have to think a bit more about it. Right now though it's looking like 2 BTC is going to be surpassing one ounce of gold in value shortly.

Well if you'd change the proposition so that their current values are equal, I'd go with BTC. I think gold is a great insurance, but BTC has potential to grow exponentially in value.

Take the gold and buy ~2 BTC

Pretty weird question given both have very different value, I preffer the one with higher value.

If it were equal dollar amounts of gold or bitcoin, I would take the bitcoin as it has outperformed massively since the Russian takeover of the Crimea. Bitcoin is now the goto asset class in a crisis.

The logical answer is which do you think is going to appreciate more quickly (in terms of market conversion rates) in the short term.  The gold market is heavily manipulated, which does mean that gold will appreciate dramatically when they manipulators run out of bullets, but, then, the BTC market is heavily influenced by mass market psychology.

In short, neither of these markets are currently trading based on technical fundamentals.  Personally, I'd consider gold to be the ultimate cold storage for BTC.  But if I think the markets are going to appreciate in the short term for BTC, ride it up.

what will both prices be at the end of the year? See: http://kidscoinz.wordpress.com/2014/01/23/bitcoins-vs-gold-race/

I'm not a big gambler, so I'll sit this one out.  Sounds like it'll be fun to watch.  Personally, if I were inclined to put down money I'd bet on gold, too.  I think both will appreciate this year, ultimately, but gold has less unknowns right now.  COMEX warehouses have been hammered, so they're running out of liquidity to perform more price suppression, and Bitcoin still needs more certainty in its legal status domestically and internationally.

Both are good long term bets, though.

Both and then i would bury em like treasure!

You can buy stuff with gold too.

If I could sell it right away, 1 oz of gold because I would make more off of it. If longterm, I would take a BTC due to the possibility of the price increasing a lot more when the next wave of investors arrive.

Is there an option to take both?

Too obviously bitcoin.

Bitcoin done in months what gold did in 40 years.

1BTC

Gold for certain

1,000,000 oz of gold or 1,000,000 bitcoins?

This seems more interesting of a question.

Germany might be asking that very question after only getting 40t of their gold from the US Fed in a year... 35t of which was somebody else's gold out of Paris...

Gold, because my assets aren't diversified enough right now...

Take the more valuable.

Then exchange it to Bitcoin (if it wasn't Bitcoin first).

+1

Anyone putting their eggs in only one basket is an idiot.

right cause if a person is asking to be raped, might as well rape them to the max

Simple take the gold then buy some Bitcoin and after that buy some more gold and hedge your bets so to speak.

If that is the question, I would take 0.1 BTC over 1oz gold.

I sold some unused gold jewelry yesterday and bought bitcoin at my local Robocoin ATM.

I expect the next bitcoin price bubble to occur in the next few months - at which point the issue of 1 BTC vs 1 oz Gold will be history.

Without a shadow of doubt, 1 btc ;)

Uh, isn't the whole point of bubbles that they're artificially inflated and then harshly corrected?  You can have the bubble, I'd stick with gold, which is much less likely to be inflated.  Particularly since the powers that be work so hard to make sure the price is permanently depressed, just to keep the illusion of value in the fiat.

Or keep to a diversified portfolio.  Hold both, but transfer a percentage of one asset to the other as one becomes over or under valued.

Sounds like a great idea to me.  That would be a great way to make profit while holding both thanks for adding that idea.

Actually, the girls I talk to tend to like silver a lot more :P < Jeweller

By the way I'd take 1BTC and then buy some gold and silver with it, trololololol :D

No brainer if I'm offered Gold or something else, I'd always go for Gold. Simply can't go wrong with that.
(my only exception once a while could be : Platinum)

Of course, "something else" may yield higher profit or alike in the future but at my age that's not my primary concern. Nothing virtual beats the security of physical AU in your own hands.

I would take bitcoin and then after I have bitcoin I will use 40 percent of the bitcoins to buy precious metals.  

You must be really old :) Thinking that "virtual" (mind you, that's actually "digital") is somehow less real than physical.

Do you also consider email not to be real letters?

90% of gold is virtual and doesn't exist while 100% of Bitcoin exist.

i would sell the gold. then buy bitcoins with the money from the gold. profit and then when bitcoin is good price sell bitcoins and buy gold back for longg term hold

I would also do this :)

I'd personally take gold. I like things I can hold.

lmao! Agreed . . . . dumb question!

Oh really? what else do you like to 'hold' ?

LOL

There are tangible bitcoins  . . .

Hehe, being old has its advantages...
Digital is not necessarily less real than physical - but I do know Bits flip-flop all too easy, maintained by storage devices never intended to work for longer than a few years, built by the cheapest component bidder somewhere in asia.
Bits are nothing of value unless you can convert them into something valuable while they exist for your use.

Bits can vanish for a number of reasons, since they're always relying 100.0% of all times on a whole series of hightech requirement chains. Take a single one of these links away and the chain breaks.
Technically speaking, they're just as real as gold but are always a "heavily endangered species" in comparison. They're easy to erase or manipulate.

Gold (or any other precious metal) does not rely on anything. It just exists in physical form since billions of years (and don't get me started on paper gold, anyone holding these IOUs for other than trading purposes is a fool).

EMails are real letters, but converted into the digital world. Try to hold them on any storage platform for 20 years+ and you find out why digital storage conservation is such a hefty issue (even for professional storage industry). Do it using consumer storage devices and you're in for a religious experience, unless you very carefully maintain a 100% constant migration stragety. In comparison, it's easy to find physical letters (despite being paper) that even survived world wars or many centuries.

There's a saying that "the internet never forgets" but that's a myth. Every day, uncountable amounts of data vanish into DEV>NUL without you even knowing they ever existed. Plus, one shouldn't take free/unrestricted access to the internet as granted and "will be there forever". That's a foolish assumption at best, as lots of factors could interfere with that.

Therefor, there are significant differences between virtual and real goods. Many people didn't know these and learned it the hard way one day with far less relevant matters than money.
Now imagine people converting their wealth into the digital world and unknowingly accepting all these risks they aren't even aware of.
Plus, all that stuff is even connected to the Internet in order to work. Worst security preconditions one could possibly think of.

When it comes to increasingly long timeframes, anything digital is simply no competition to physical value, no matter what anyone wants to tell you otherwise (i.e. "as good as gold").
That's the advantage of being an older generation, over time you learned what value really means.

Not your junk #nohomo heh

depends on the price :)

I'm all about silver personally. But definatley wouldn't mind holding a 1oz gold coin either. At this stage I'd take gold over Bitcoin mainly because of the price currently :P

Gold for sure then sell the gold buy 20 ounces of silver and the rest in bitcoin and doge.

bitcoin has better 5 year horizon prospects

Maybe, and in 5 years people could be saying "remember when all those people put money into bitcoin and in a month it went from 2,000 USD per bitcoin to 0.01 USD per bitcoin when the bubble burst?"

Gold Accepting Grocery. Come to think about it. ::)

Just go back 100 years, gold and silver accepted anywhere. Then the FED was founded, which btw. will happily take your Gold/Silver any day - preferrably at a discount price of course ;)

Well, both are going down, but which one will go down the most? At least gold has some tangible properties, but it is difficult to carry around with you in your wallet or purse. I'd go with bitcoin in the long term.

Gold is unlikely to ever lose a lot of it's value simply due to it's industrial applications (and possible medical applications, some gold salts are showing promise for auto-immune issues) unless some radical development in superconductors happens that allows for cheap fabrication of a better conductor that has better properties and similar anti-corrosive properties. Bitcoin on the other hand has a considerable chance of being worthless in the near future due to any number of reasons.

Is 0.5 BTC and 0.5 oz. gold an option?

Because I'd prefer to take a little from column A and a little from column B.

Gold. More expensive than that amount of bitcoins, and also I don´t have any gold but I have some bits.

+1000  Great post.

Silver has a lot of potential right now.  The silver:gold ratio is way out of whack from the it's traditional 35:1 (in the modern era), which means a lot more upside potential than gold.  As much as gold is artificially depressed, silver is magnitudes more so.

That's only because physicalness has implied scarcity.  If tomorrow FTL space travel were invented and super cheap and we discovered a million earths rich in resources and suddenly physicality was as cheap and plentiful as digital things, then the "real value" of being physical would diminish almost completely.

I didn't say it before but I just wanted to add that I'll most certainly be getting some silver haha and u know this !  ;D

I would take gold. Even after 3 thousand years gold is valuable. But it is not in the case of BTC.

One BTC is around $500 in today's price.
One oz gold is around $1348 in today's price.

SO selecting gold is good option.

Gold. Gold has value even when someone turned the electricity off.

I'll take both.
Thank you.  8)

Take the gold, sell it for a bitcoin, 2 pounds of gold, and a relatively nice chunk of spending money left over.

That's basically true to some extend (but it would still have to be mined somewhere and the FTL travel to there&back would have to be basically 0-cost) - but what are the odds any of that happening in your lifetime?
I'd say for the next 100 years any of these possibilies are fairly close to 0 - all combined definitely a full plain 0.

When basing investment decisions on factors, I'd rather choose realistic factors going into that decision. But that's just me.
(I even assume mankind would rather bomb itself back to the stone age than unite as a civilization and go all-in to discover deep space)

I will choose the gold, gold price is BTC several times. Even though the currency has a great appreciation of space, I can sell the gold buying several BTC 8) 8)

I take gold and buy some bitcoin at lowest price i can get

bitcoin. I dont like gold

Gold has its value since  the every beginning.You can trade gold everywhere.  Bitcoin is going down; it is now up to few holders, who have 100k+ btc in their wallet; they just need a slow escape plan; because u cant sell suck amount  at once. You need to exit slowly in order to keep the price high.
Bitcoin  is jut the biggest scam in the history of humanity.Billions of cash was made by selling some simple asics, miners and trading .
Only fool is thinking some  random number are suddenly worth of 1000 Dollars.
Lol,  "00000000000ererw0ewedsdfsdcshit" is worth  money? What a joke.
Don't think, gold is a good choice

I sold some unused gold jewelry yesterday and bought bitcoin at my local Robocoin ATM.

I expect the next bitcoin price bubble to occur in the next few months - at which point the issue of 1 BTC vs 1 oz Gold will be history.

I would not hesitate to choose... Gold :D :D

I would take the Gold.     ;D

You taking odds on that happening?  ;-) Hell, America has to hitchhike in Russia just to get a lift into orbit right now.  I'll wager that that scarcity won't be reduced in the next couple of decades.

An image speaks more than a thousand words they say :

http://www.falconfly.de/temp/btc_au_ag.jpg
(also goes to prove that they can all co-exist without problems, sometimes and is better than either or ;) )

How about a third option...Kryptonite. Hey, you never knew when Superman might turn evil..

I would take the one ounce of gold.     Then I would next borrow  1 ounce of gold from someone else, at fixed interest, with a promise to return 1 ounce of gold in 5 years,  sell 80% the borrowed ounce of gold, and use the proceeds to buy Bitcoins.

Then in five years, when the ounce of gold is no longer locked up:  I would just deliver the  ounce of gold plus nominal interest, in order to repay the debt.

This. /endthread

Agreed. Might as well be logical about it.

bitcoin, doesnt matter if gold is more money now, i can only trade bitcoin, dont know how to trade gold

As of right now I would take the gold to trade it. But by the end of the year, I would just take the BTC.

No question is a stupid question:
How can I qualify to get both?  :D

In the not-too-distant future, OP's question will sound as ridiculous as a 10,000 BTC pizza sounds today.

There are LOTS of places that you can sell gold on the street.....

Gold.
Gold has its value since  the every beginning.You can trade gold everywhere.  Bitcoin is going down; it is now up to few holders, who have 100k+ btc in their wallet; they just need a slow escape plan; because u cant sell suck amount  at once. You need to exit slowly in order to keep the price high.
Bitcoin  is jut the biggest scam in the history of humanity.Billions of cash was made by selling some simple asics, miners and trading .
Only fool is thinking some  random number are suddenly worth of 1000 Dollars.
Lol,  "00000000000ererw0ewedsdfsdcshit" is worth  money? What a joke.

Game over BTC:)

You logged in to tell us this?
How nice....Why?

Because a forum is the place where everyone can share own opinion.

I'd take the gold if I could sell it immediately and buy BTC.
Otherwise I want BTC.

Like you, I believe in gold as the ultimate store of value.  Unlike you, I actually understand what bitcoin is and what makes it valuable.  Bitcoin, ultimately, is fiat, and no fiat has an inherent value. That said, bitcoin is potentially more valuable to any other existing fiat due to how it's managed.  Quite frankly, barring a united world-wide government ban making it illegal, it will probably retain value better than the US dollar.

Read up on the technology and what problems it's trying to solve before trolling some ignorant random number BS.

1oz of coke

There is no choice. Everyone will take the gold

Here is my first projection of what I think will be the next bubble this summer. Peaking at $6000 July-August, and collapsing to $3000 through the fall. The crucial assumption in my simple model is that the next bubble will be similar to the previous two. Summer 2014 Bitcoin Bubble - First Projection (https://bitcointalk.org/index.php?topic=366214.msg6027236#msg6027236).

I do not see an ounce of gold being worth $3000 anytime this year. Therefore no chance to gold to catch up according to their respective historical price trends.

bitcoins are more rare then gold

estimates are that there are only 171k tonnes of gold (5,557,500,000 ounces) about enough for every adult (ignoring 2bill kids and geriatrics) in the world to own 1 ounce

bitcoin if distributed evenly to the 5billion adults in the world. means that each adult would get only 0.0042btc

so imagine if 5billion families desired to store their $20k lifetime savings in something rare, either gold or bitcoin

1 ounce would be then be worth $20k, where as bitcoin ($20k for 0.0042) works out as 1bitcoin = $4,760,000

(how many of the 5 billion adults (ignoring 2bill kids and geriatrics) would want a bitcoin or gold.. or how many would invest an average of $20k are all questions only the future can answer)

put simply i wouldn't want just one bitcoin today, instead id take an ounce of gold today, and within hours flip it for 3 bitcoin(todays market value). knowing in decades bitcoin will/could out perform gold on the rarity value scale. with a POTENTIAL for that 3bitcoin to net me near on POTENTIALLY $14m instead of just $20k gold

I would take gold than BTC

in USD : 1 oz > 1 BTC, so i prefer 1 oz gold

why USA using difficult measurement like oz, pounds, mile, acres, gallons

nice opinion ;D
if BTC trending prices down in month, it's time leave BTC

Most posters prefer gold. You change the title because 1btc and 1 oz of golds current value is not equal. You should title to $1000 worth of gold or $1000 worth of Bitcoin

most posts do not prefer to HOLD gold. most posts are smart to receive 1 oz of gold to instantly sell for more BTC then initially offered.

If the question is framed as you could not trade or del either for the next five years I would still pick BTC.

Its about potential so even if in 5 years BTC was worth nothing it would still be a good trade against a 1oz of gold. Furthermore were only talking about $1000ish. Who would take the safe $1000 over the potential of 10-50 x that?

This is absolute no-brainer.

I'll take 1 Oz of gold.

Then I'll sell 1/2 Oz, for $ 651, and buy BTC1.450.

Thanks for bitch slapping the troll...

Fiat by definition means state sponsored or decreed by government.  Under that definition, bitcoin is not fiat.

I also disagree about "inherent value".

Bitcoin has inherent value by its design as a decentralized network and de facto value
based on the network itself as well as the bitcoin economy as a whole.

Correct, and an important distinction when attempting to determine the true value of Bitcoin (the technology).

Correct again, and extremely important when attempting to determine the true value of Bitcoin (the investment).

When I say true value, I mean "what BTC will be worth in 3-5 years when the rest of the world catches up with the top 5% of the IQ bell curve folks who have already figured this shit out".

Any logic behind the $6K figure? Also why can't it happen in October or November?

Here is my first projection of the next bubble . . .

https://bitcointalk.org/index.php?topic=366214.msg6027236#msg6027236 (https://bitcointalk.org/index.php?topic=366214.msg6027236#msg6027236)

https://i.imgur.com/7R9YAx7.png

The crucial, falsifiable, assumption is that the next bubble will be similar in shape to the previous two bubbles. My initial hand-projection of the previous two bubbles aligns the pre-peak bottoms. I assume that we are currently at the bottom of the November 2013 bubble collapse.

If indeed the next bubble peaks in November, then I project the peak price to be $12000 or so.

Why would anyone take a bitcoin over an ounce of gold right now? Which you could sell and immediately buy more than one bitcoin with lol...

I know that if I met a guy in a club, he buys me a drink so he can sit down a few minutes and try to impress my panties off in as little time as possible, and he started talking about how much gold he bought, I'd go hmmm, pretty cool. If another one sat down on the other side, whether he bought me a drink or not, whether he couldn't care less about my panties, and said he bought a BTC the other day, he'd have my full attention.

Just sayin  ;D

ETA for the ones who might be confused: the investment he'd make tells me a lot about the guy himself - and a guy who would rather buy gold than BTC when the entire planet is going through a digital paradigm shift is not a guy who is plugged in too well. I get it he's old school and probably a right winger or a thief (or both :D ) but the one who bought BTC recognizes what's going on all around him and has an eye on the future. I'd rather spend 5 minutes with a guy who has vision and enthusiasm than all night with a guy who'd get pissed off if I made more money than him...cause when it's all said and done and BTC escalates way higher than gold ever could, I will  ;D

If it's equal value btc vs gold I would take the gold any day of the week. I love btc don't get me wrong but gold has been around for a very, very long time.

Btc has a lot of threats these days. I just like knowing the gold I own is not susceptible to something as crazy as a solar flare. You never know what could happen one day. We're all gonna look really silly one day if there's no electricity but we have our flash drives and paper wallets. Not saying something like that is going to happen but ya never know.

If the shit hits the fan one day I like knowing that my kids and wife have a shot because my safe contains gold and ammo.

Always own some precious metals and gems.   Can be like a gold watch,  diamond ring or other  jewelry.   In a war situation it could save your life.   Seriously,   I experienced this as a kid.

Gold is easier to exchange for fiat and difficult to rob. But have you forgot that the gold prices have declined by 30% from their peak? (Anyway BTC declined even more...  ;D)