You may find this useful -
“According to a 2013 report from Thompson Reuters GFMS, it was believed that 171,300 tons of gold had either been mined or was still in the ground. Since there are 32,000 ounces per ton, we're talking about 5.482 billion ounces of gold in the entire world, based on this report. If each ounce was worth about $1,290, the world's gold supply would have an implied market cap of $7.07 trillion dollars. That's more than 100 times the market cap of bitcoin at its all-time high!
It's also worth pointing out that numerous reports exist on the world's total gold supply, and some suggest as much as 2.5 million tons may be present (that's over 14 times what Thompson Reuters has predicted). This would imply a $103 trillion market value for gold, or nearly 1,500 times that of bitcoin. Long story short, bitcoin still has a very long way to go to truly catch gold.“
We have a long way to go with btc vs gold prices, however if the crypto market has even 1% or 2% of the gold market we will be in an amazing place.
That's just physical supply, dont forget the paper market on top with comex also leveraged over 250:1 paper to physical gold. Thats a lot of paper promises for every oz of physical they hold  |
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No one can dictate what people buy. The authorities can ban ICO, advertising of cryptocurrencies, but we live in a free world and make our own choice.
We don't live in a free world though, you live by the rules and systems the elite put in place or you end up in jail or dead. |
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The beginning of the end for Bitcoin in the EU.
They will develop and release their own controlled crypto for use within the EU then eliminate any competition.
I have been saying this for a long time.
Bitcoin = Beta testers for the software.
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yttrium, europium, terbium and dysprosium, never heard of any of them lol. |
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a good regulation for maintaining crypto world existence, especially petro which is a venezuela cryptocurrency that is backed by commodities including 5 billion barrels of oil, diamonds, and gold.
petro has a unit price of $ 60, the total distribution to be sold to the public is 44 million petro from inventories of 100 million petro, and petro is considered as a solution to get out of the economic crisis of Venezuela. and the result is very significant, in one day sold 10 trillion.
and I think, another country that has not received crypto, must learn from Venezuela.
If all those available resources failed to secure their fiat currency why do you think they will succeed in propping up a crypto they release? |
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Venezuela doesn't give a crap about crypto, it's just desperation trying to save their failing ass.
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In my opinion, individuals will state gold is better since gold is the most celebrated and most standard money in a long stretch. I realize that gold is a metal and bitcoin is digital currency. Truly, you can't utilize gold to purchase something in the market, and some foundation acknowledges bitcoin as installment. Be that as it may, gold has a standard sum, and numerous individuals like speculators and friends progress toward becoming riches as a result of it.
Actually yes you can : https://glintpay.com/ |
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2 @ 0.26
jnetbee your account looks really interesting. It was opened in April 2013 where you spoke Chinese then after posting gap between May 2014 and January 2018 you now seem you have become Russian. Stinks of purchased/hacked account and ETH.TOWN looks suspect. |
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http://ETH.TOWN BTTF floor was sold out in less than 2 days. Impressive. Thanks to everyone who participated. No new floors will be available on presale. jnetbee your account looks really interesting. It was opened in April 2013 where you spoke Chinese then after posting gap between May 2014 and January 2018 you now seem to have become Russian. Stinks of purchased/hacked account and ETH.TOWN looks suspect. |
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I don't know why we consider the "India" factor that much in crypto. Indian contribution towards crypto volume is surely not above 2.5% to 3% or so.
India has a population of 1.3 billion I would have thought a ban there is significant even if user adoption is low currently. |
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Technically, we've to turn the no-coiners into coiners (instead of shutting them up) to increase the market cap and profit off.  Sounds like a ponzi, how will the no-coiners turn a profit when you run out of people to jump on board?  |
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looks like these guys are doing a great job of creating a human bombing target on the floor with a bullseye in the center |
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I think for me better is bitcoin rather than gold because if you have gold now you'll be goin to jail because all gold is own by the government rather than bitcoin no one can own bitcoin system so you'll easily transact it rather than gold.
What a load of nonsense all gold is obviously not owned by the government. |
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One bump before these go on eBay.
Currently under release price.
Hey, I am going to pass at this time mainly as I am trying to focus my collection and as much as I want these, they go against that goal. I will say, to anyone interested, I did some research and the offer price is a good deal. Good luck with your sale markj113. No probs, same here with my stack. Apart from a monster box of Britannias all my other silver is in bar form so they dont really fit, also freeing up some funds for a 1oz gold proof Queens Beast "Black Bull of Clarence" to keep my collection up to date |
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One bump before these go on eBay.
Currently under release price.
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Why is bitcoin always visualized as a gold coin?
Because gold depicts wealth throughout the world.
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