The Real Reason to Hold Gold And Bitcoin

[OROBTC]

BobK71, you wrote:

"My thinking is that, from here on, the major developments will be political."

Yes, that's why I'm here, and "three gets you five" you're here at bitcointalk for similar reasons.  Quiet (for now) confiscation of almost everyone's assets is well underway (actually it probably has been for generations).

Gold and Bitcoin sums it up nicely.  I can certainly see Pt and other cryptos as smaller holdings, just for diversification.  Platinum, for example, will likely do very well of the future shows strong economic growth ("Pt is for optimists").  Hey, things might just work out OK...

But if they don't work out OK, then Ag and Pb become assets to look at (the latter more helpful if you also have one or more Pb projection devices...).

And if you're REALLY WORRIED, food & water production is something worth a look (though I am too old and lazy to take a shot at farming, etc.).

[Gheka]

Both are very promising to be used as an investment, but the price movement of gold is slower than bitcoin because the demand for bitcoin market prices often change compared to gold can even be calculated every minute while the price of the market is very slow as fast as bitcoin. But by holding gold and bitcoin for a long time it will become more precious that is most importantly patient until waiting for a high price increase.

but I thnk we cannot hold gold in a big amount because there will be always the security problem, we will need to take care of the hold we have because it will be more easy for a person to steal the gold if you are keeping it in your home. because you cannot give full security to your house for all time, wile investment in bitcoin can be more secure and if you want to keep it for a long time even then your bitcoin will be more secure in your wallet, if you will not give the security key to anyone.

Its hard to hide or store gold but you can hide it first by simply shutting your mouth. Dont tell others that you are into gold investment. Next is buy your own vault for the storage of your gold and dont put it on a place where it is expose or it is visible to the eyes of your visitors and other people in your house.

Yeah, holding too much gold can put us in a dangerous situation, we may attract a lot of thieves and robbers to visit our house. So, I think we should not store too much gold, just a moderate amount is enough because the profit from gold is low, keeping it for a long time does not bring too much profit, gold is only suitable for beautifying ourselves rather than investing. If we want to invest, we should focus on buying and keeping bitcoin, this is a good way to develop our money in the future

[rickadone]

Both are very promising to be used as an investment, but the price movement of gold is slower than bitcoin because the demand for bitcoin market prices often change compared to gold can even be calculated every minute while the price of the market is very slow as fast as bitcoin. But by holding gold and bitcoin for a long time it will become more precious that is most importantly patient until waiting for a high price increase.

The price of bitcoin is going very high because the adoption rate in bitcoin is much more than Gold. So having bitcoin is the best way to make good returns in quick times. If about gold then the price of gold is increasing but not that much as bitcoin price increasing. Holding Gold is a bad idea imho. So, we should invest in bitcoin to get more income in near future.

[SvenBomvolen]

The real reason is that they have limited supply, and people want them. (people may not want bitcoin in the future btw) People always want gold and they want to gather as much as possible in their lifetime. It is the only solid asset which holds its true value through the centuries.

Don't know. Maybe it's like that in your country, but here in Serbia nobody persecute this target, not me, not my family - we are all cold to investing in gold. Maybe the reason is that we don't have free money after all costs paid, but I am investing in crypto currencies by little. This way doesn't ask me to go outside in a bank and buy a gold there or something alike, I just buy coins on the net and keep it.

[Sled]

The real reason is that they have limited supply, and people want them. (people may not want bitcoin in the future btw) People always want gold and they want to gather as much as possible in their lifetime. It is the only solid asset which holds its true value through the centuries.

Don't know. Maybe it's like that in your country, but here in Serbia nobody persecute this target, not me, not my family - we are all cold to investing in gold. Maybe the reason is that we don't have free money after all costs paid, but I am investing in crypto currencies by little. This way doesn't ask me to go outside in a bank and buy a gold there or something alike, I just buy coins on the net and keep it.

If i were you i will be investing more in bitcoin or other cryptocurrencies rather than gold because gold is a slow profiting investment and i am not that person who will wait for at least 10 years to just double my money because even after at least 1 year, i can double my money in bitcoin or trading altcoins because they are very volatile to the price and that is a very easy way for me to double my money.

[bit1]

Both are very promising to be used as an investment, but the price movement of gold is slower than bitcoin because the demand for bitcoin market prices often change compared to gold can even be calculated every minute while the price of the market is very slow as fast as bitcoin. But by holding gold and bitcoin for a long time it will become more precious that is most importantly patient until waiting for a high price increase.

Not only is the demand, but also the controlled supply in the case of gold for example, most of the production goes to be part of the treasure reserve of some countries, leaving few amounts to the current market coupled at where investors seek to resort to a value of refuge par excellence, creates a prolonged shortage that raises prices dramatically and continuously.

[BobK71]

Quiet (for now) confiscation of almost everyone's assets is well underway (actually it probably has been for generations).

Yes, there's always confiscatory inflation, and the only question is how much.  And it's usually understated by the usual-suspect voices.  But inflation comes in different pieces, and I might have to kick my aging brain into action to study those.  We clearly have much more inflation in some things than others.

Keynes (yes, the man himself) lost a fortune betting on Germany between the wars.  I can only suppose that even he didn't get that Germany was on the receiving end of imperial suffering, during that period.  (Why the Nazis eventually took power.)  I tend to think of non-monetary commodities in a similar way, being at the bottom rung of the imperial ladder.

Non-state monies were price-capped by the elites for almost 500 years before 1971.  IMO they can easily be price-capped again for a few more centuries -- since that is the proven formula for their sought-after stability.  We could be living in a unique window just after they lost control of version 1 of their system.  Non-state monies are thus a good bet, but still you have to be careful of the bet size.

Too bad, there are just no real ways to win this game, by design.  Though if you work hard, bet prudently, save money, and make right-sized, good, opportunistic bets, you should end up more or less OK.

[Omega Weapon]

Bitcoin and gold are the best investments in the modern world. You need to use both options to avoid losing money and making more profit.

well if you are thinking for a long term investment this two assets are the best to hold as the value will possible to keep rising and rising from time to time, there's some fluctuations and downfall but for sure the value will survive and its bring big fortune in returned.

The gold is the asset that is acquired by the rich people from ages it has a history and it is a symbol of wealth. The bitcoin on the other hand is very much young compare to the gold but is considered as a digital asset and I am sure a time will come when the bitcoin will be a wealth symbol.

Even though bitcoin is still younger compare to gold, it has more potential than gold because just look at its price then you can see a huge price pump in bitcoin while in gold it is just stable on its price and just getting a fewer gains rather than bitcoin which is not that satisfied for me. Bitcoin is more on a good asset to hold for long term while gold is just for rich to preserve their money.

It is obvious that bitcoin holds a lot more potential than gold, gold has been mined for thousands of years and people have thought about all the possible things that we could do with it, so there is not much that can be done with gold that has not been tried already, bitcoin is different, its potential it is still unknown many other services are being developed above bitcoin and we do not know how much the value of bitcoin could go up due to that.

I agree with you here completely.

Gold is probably still going to be considered one of the best store of values for decades/centuries to come. Maybe even millenniums. And through all these years, its value is going to be essentially not fluctuating at all - it'll pretty much remain constant.

With bitcoin though, i'd expect in a few decades time when it really gets picked up by the world as a true alternative to dollars and pounds, trade volume will explode and so will the price. BTC basically's got everything that gold's got, except even more convenient and divisible.

Correct, gold is one of the best ways we have found to store value, if we could travel in time, you could buy goods in almost any part of the planet and at any point of time with coins of gold, that show us the acceptance of gold through the ages, bitcoin potential is unknown but at the same time the potential of growth is there, that is why I’m putting most of my money in bitcoin

[BobK71]

Furthermore, these non-state-issued asset will always growing over time, its value increase because people believe and invest on it, high demand mean higher price

A good part of why non-state assets will rise is that the centuries-old systems of the elites suppressing gold and silver prices have run their course, and totally failed by 1971.  (That is, the gold and silver standards that kept their values more-or-less constant in national currency terms, at least for the dominant imperial currencies.)

So what we have is a continuous devaluation of state currencies against non-state assets.  (The dollar has lost 97% of its value against gold since 1971.)  Devaluation (ie allowing gold to go up, etc.) helps to maintain financial stability, and since the system has built-in incentives for the elites to destabilize the financial markets, devaluations will always be needed from time to time, over the long run.

[TitanGEL]

Both are very profitable in terms of investing. Gold or bitcoin have the same good chance to get huge profit. Because bitcoin and gold are in great demand by all walks of life. Let alone bitcoin prices today is very high. Maybe all that bitcoin investing already feel it. And make a huge profit

Yeah I agree to you that gold and the bitcoin is very profitable. If we will invest our money to the bitcoin and to the gold for sure we will have a food profit. Long term investment is very effective to earn big profit.

[BobK71]

Also, at the moment just to put this into perspective, Bitcoin has a market cap of 46 billion USD.  QE3 was printing 80 billion USD / month.  So at the moment, the fiat system could easily swallow up the market (obviously if they did this, the price would rise significantly, but you get the point).  When you have the ability to create as much USD as you want, you can potentially purchase significant portions of cryptocurrencies.

Just in case we forget, the ability of the dollar system to swallow up the Bitcoin market easily is *very good* for Bitcoin.

If the elites are determined to buy a certain quantity of Bitcoin, at whatever price, sure they can easily print the money to do it, but they will run into more and more resistant sellers, and the price will keep going up until they stop.  Also you have to think why they want to buy.  One possibility IMO is to relieve the price pressure on gold and do it on the cheap.  Another is to have one more potential future anchor of their money.

What you don't want happen is the elites ignoring Bitcoin, but that is probably not going to happen, since Bitcoin presents them with so many benefits at this price level.

The bottom line is, no matter how you look at it, the small size of Bitcoin's market cap is a good thing for itself.

[syaripudin]

Gold and bitcoin are two excellent investment tools right now. Gold is in great demand by everyone. Gold is the most expensive metal among the others. The price is very stable stable. So is bitcoin today many people who want to invest using bitcoin because it is very high price. So if we invest in these two types I think this is the right decision. Other than that there is another one that has a good investment value. Namely the current proferti people are also many who invest in proferti because the selling price continues to increase. I think if we have a strong capital it is very profitable

[hoian0809]

The gold currency was implemented so that the people held actual gold, instead of a scam currency. Bitcoin and gold are not competitors. They are complementary assets. Its better to hold both than it is to hold one.

[Anyobsss]

Gold and bitcoin are two excellent investment tools right now. Gold is in great demand by everyone. Gold is the most expensive metal among the others. The price is very stable stable. So is bitcoin today many people who want to invest using bitcoin because it is very high price. So if we invest in these two types I think this is the right decision. Other than that there is another one that has a good investment value. Namely the current proferti people are also many who invest in proferti because the selling price continues to increase. I think if we have a strong capital it is very profitable

I agree with your statement but for me, it is more safe to invest in Gold than bitcoin for the reason that gold  has already proven itself to be of value even when governments attempt to restrict its usage or outlaw it completely. In addition, Gold's price is stable unlike bitcoin which is volatile.

[renes]

Because gold is limited supply and durable but not easily transactable and highly divisible, bitcoin has all these features.

[AleSergio]

They have a lot of common with each other, plus both have a great potential of growing

[v0rtecxz]

Gold and bitcoin are two excellent investment tools right now. Gold is in great demand by everyone. Gold is the most expensive metal among the others. The price is very stable stable. So is bitcoin today many people who want to invest using bitcoin because it is very high price. So if we invest in these two types I think this is the right decision. Other than that there is another one that has a good investment value. Namely the current proferti people are also many who invest in proferti because the selling price continues to increase. I think if we have a strong capital it is very profitable

I agree with your opinion that gold has long been a tool for investment because of the stability of its price, even though the price of gold is slower than the bitcoin that changed rapidly, but gold has potential as a long-term investment, gold has been very proven for it and already Many believe it, but one of the bitcoin virtual currencies can also be a leading investment for now and has become popular for investment

[Kronos21]

Now, investment in crypto currencies is much more profitable than gold. Gold is more a tool than investment and reserve. No one invests all their money and keep a reserve best in gold. They will not bring income, but 100% will protect them from any problems.

[kuryadi]

Gold and bitcoin are a very profitable long-term investment. If you save both a lot of financial benefits you get. If you have money you should not spend it, but you buy gold or bitcoin. For you to save without you having to work. You can make money

[Lalafell]

I think both are good investments. Both have huge whales, but so does everything else to be honest. At least with bitcoin whales have no control over total supply and it is fixed.

With gold... what if huge mines are found? or some asteroid once we have advanced technology? that makes me a bit worried for the long term.

I would also rather have people that just bought BTC cheaply because they liked the idea rather than some warlords that stacked tons of gold through centuries.

Well, I agree that both of them are good investments because you can a sure that you could earn and make a good profit. In addition to that, there are lot of reasons why people hold their bitcoin and good. However, the main reason why they hold it because there is a possibility that price of bitcoin and gold will increase in the future.