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Author Topic: Investing in bitcoin is more secure than investing in gold ?  (Read 2106 times)
virtualmaster
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April 30, 2013, 06:17:27 PM
 #1

Is investing in bitcoin more secure than investing in gold ?
If you invest a lot of money in gold where to put it to be secure ?
In Fort Knox may be is secure. Or may be not ?
http://www.4thmedia.org/2013/04/16/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults/

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der_troll
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April 30, 2013, 06:24:10 PM
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Investing in gold is of course more secure than investing in Bitcoin. At least if you store it in your own home, somewhere safe (hidden room or something).
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April 30, 2013, 06:50:07 PM
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Gold is safe if you physically own it. In your home for example. If you only own a piece of paper then it is not safe.

While with bitcoin, you OWN the bitcoins even with a simple paperwallet.
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April 30, 2013, 06:58:00 PM
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http://privisi.com/2013/04/30/bitcoin-vs-gold/

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April 30, 2013, 06:59:15 PM
 #5

Is investing in bitcoin more secure than investing in gold ?
If you invest a lot of money in gold where to put it to be secure ?
In Fort Knox may be is secure. Or may be not ?
http://www.4thmedia.org/2013/04/16/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults/

I assure you nobody on this forum was considering stashing gold in Fort Knox.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
btcmind
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April 30, 2013, 07:02:33 PM
 #6

uh, sources? in general I wouldn't trust any certificates (paper), after what I have come to know about central banks and banks. even COMEX does fractional reserve on their silver futures.

Quote
early half of Germany’s gold reserves are held in a vault at the Federal Reserve Bank of New York — billions of dollars worth of postwar geopolitical history squirreled away for safe keeping below the streets of Lower Manhattan.
Enlarge This Image
 
Frank Rumpenhorst/DPA, via Agence France-Presse — Getty Images
Germany recently counted and tested all of the thousands of gold bars it keeps in foreign banks.
Now the German central bank wants to make a big withdrawal — 300 tons in all.

http://www.nytimes.com/2013/01/17/business/global/german-central-bank-to-repatriate-gold-reserves.html?_r=0
zeroday
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April 30, 2013, 07:07:59 PM
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This article is probably a fake. No facts, no names, no sources.

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April 30, 2013, 07:14:59 PM
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The #1 rule of investing is to diversify.  Given that gold and bitcoin have different strengths and weaknesses, and tend to advance or fail at different times and in different ways, the best course of action is to diversify and invest some measure in both.  Thus the choice "bitcoin versus gold" is a false dichotomy, and one should ideally choose both.
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April 30, 2013, 07:22:48 PM
 #9

In 2012 I invested in both gold and bitcoin. By today, with gold I lost 20% but with bitcoin I gained 3000%. Now bitcoin is the largest asset in my portfolio.
However, I still find gold more safe/stable investment in long term (10y and over).

virtualmaster
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April 30, 2013, 07:27:39 PM
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Just another article which compares both
http://www.businessinsider.com/three-reasons-gold-is-like-bitcoin-2013-4

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April 30, 2013, 08:28:06 PM
 #11

In 2012 I invested in both gold and bitcoin. By today, with gold I lost 20% but with bitcoin I gained 3000%. Now bitcoin is the largest asset in my portfolio.
However, I still find gold more safe/stable investment in long term (10y and over).


At this point, I believe it is traditional to do portfolio rebalancing and transfer some of your Bitcoin winnings into gold.  That can help you capture your gains from the Bitcoin bubble in case it collapses.  That's basic asset allocation strategy.

Furthermore, I agree with your estimate on the safety of gold despite your losses.
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May 04, 2013, 08:52:13 AM
 #12

Paper gold is like a web-wallet, but that doesn't mean the real McCoy has any of the same issues.

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May 04, 2013, 09:08:38 AM
 #13

Gold is safe if you physically own it. In your home for example. If you only own a piece of paper then it is not safe.
I suppose gold is a very secure investment if you can afford a high-quality safe, armed guards 24/7, and live in a bunker. Otherwise, storing even moderate physical quantities of gold in your house sounds like a very unsecure idea.

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May 04, 2013, 10:49:56 AM
 #14

Paper gold is like a web-wallet, but that doesn't mean the real McCoy has any of the same issues.

dude, the banks don't have 10% of the gold that they issue on paper. if every paper gold holder tried to get their gold in physical form ... see 1980 silver manipulations as example.

also; gold thousands of years used as currency
bitcoin; an experiment 4 years in.

just sayin

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May 25, 2013, 07:27:00 AM
 #15

http://www.thebitcoinchannel.com/archives/9114

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November 05, 2017, 10:09:18 AM
 #16

Here is a point of view:
If you take a look at index Dow Jones performance 50 years ago you can see it was below 1000 points but now it's above 23000. The question is how many people got bankruptcy invested in DJIA? Whether it's gold, BTC, or Dow Jones you still face the same risk as an inexperienced investor.

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November 05, 2017, 10:15:40 AM
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For now of course investment in gold is safer, but maybe for the future investment in bitcoin is more profitable and safe (not just bitcoin but depends on cryptocurrency). What makes people think now if investing in bitcoin is not safe because you know for yourself that bitcoin is not controlled by anyone and the price is fluctuating. Essentially it all depends on your own decision for now.

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November 05, 2017, 10:16:55 AM
 #18

Both are secure and safe investments nowadays. Investing in Bitcoin can't be more secure than investing in gold because gold is much older and trusted than bitcoin worldwide, but Bitcoin is also having very high price and really promising potential.


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Phoenixpple
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November 05, 2017, 10:21:15 AM
 #19

Perhaps I should say, bitcoin investment more than gold investment income. For a long time, in fact, is the devaluation of gold. However, I think now bitcoin investment which contains some bubbles. Temporary bitcoin application is still relatively small, to support bitcoin high prices, I think there should be more practical projects and bitcoin combination.
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November 05, 2017, 10:21:27 AM
 #20

Gold is more secure at the moment.

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