Bitcoin vs. Gold Prices

[BobK71]

In fact, gold is already somewhat losing its purchasing power with time. If we look at inflation-adjusted gold prices, gold has been underperforming against dollar inflation since early 1980s. Yes, its has risen a lot in nominal terms but it looks like people are losing interest in precious metals at large. It may be just a slow-oozing and long-lasting effect of gold being stripped of any monetary value after it seized to be a dollar backup.

I'm not sure what you mean by underperforming against dollar inflation.  Since the postwar Bretton Woods period, an ounce of gold has gone from $35 to $1300, whereas $35 is still $35.  If you mean something else, the early 80s were a bad place as a starting point, since gold dropped more than 50% immediately at the start of that period.

We have to remember that the dollar price of gold has always been manipulated by the elites.  During the gold standard period, gold's value in state currency was fixed, because central banks had enough gold to sell at the fixed price to any buyer.  After the elites lost the last bit of control via that method, in 1971, they have been trying to pretend gold is a free market.  But serious books have come out with evidence of gold price manipulation by the elites.  Plus, the incentives are strong that the elites will do everything in their power to attract people to the currency they issue and not to gold, to preserve their savings.

[1715572725]

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[1715572725]

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[Hell-raiser]

Both of two things are totally different by their nature and people of all over the world uses them as different way. Bitcoin is not any type of physical thing and gold uses physically at many kind of different way. Both of these things are very expensive and we can not advance a thing by any reason.

Gold is very expensive material and it changes its value at a regular interval and most of the time it increases its price so if you buy some gold at past and sell it at future then you have 99% of chance to have some profit. On the other hand, bitcoin was almost priceless only some months ago and now its price is almost touching the sky. There are many people who can not afford to invest into that because of its high level of price even they want to deal with it.

But Bitcoin is not the only cryptocurrency in which you can invest. There is a full range of other worthy coins which are less pricey than Bitcoin, and you are likely to make more profits via them if this is what you are looking for. Some of them have a lot of growth potential like, for example, LTC which shot nicely during the last year. On the other hand, gold is expensive too, and it is hard to buy it in small chunks without paying hefty premiums. You can buy tiny gold bars as small as 1g, though it is not economically viable to do so. But they are still pretty good as gifts.

[Capazoolo]

This is one of the most famous and trending topic about Bitcoin. What is more valuable Bitcoin or Gold? but the answer always from me and many other people in the world in Bitcoin. As bitcoin as a very fast growth rate more than gold it will give you more returns than gold in very less time.

[GabeLogan420]

I think that gold is still more important than some kind of crypto currency, so gold will always stay afloat, and no one will replace it.

[Shikaina]

I think that gold is still more important than some kind of crypto currency, so gold will always stay afloat, and no one will replace it.

There is also a saying That whatever comes fast will disappear fast. Well, bitcoin has been in existence for only few years but the value surged high so fast but gold has been proven even from the old days till now and still good in value. We dont know until when will be the fame of bitcoin but gold i believe will never disappear. May not be equal in value but more stable.

[Vladv26]

Even if bitcoin price would be x100 bigger than gold price, gold would still remain a lot safer and no one can contradict that because gold was one of the first things that people used to pay for food and different stuffs. Gold price is increasing every year and it is one of the best investments for a lot of people. I dont think we can consider Bitcoin better than gold right now because of the volatility and because it is not recognized in all the world. You can exchange gold absolutely everywhere for money but you cant say the same thing about bitcoin

[Hell-raiser]

In fact, gold is already somewhat losing its purchasing power with time. If we look at inflation-adjusted gold prices, gold has been underperforming against dollar inflation since early 1980s. Yes, its has risen a lot in nominal terms but it looks like people are losing interest in precious metals at large. It may be just a slow-oozing and long-lasting effect of gold being stripped of any monetary value after it seized to be a dollar backup.

I'm not sure what you mean by underperforming against dollar inflation.  Since the postwar Bretton Woods period, an ounce of gold has gone from $35 to $1300, whereas $35 is still $35.  If you mean something else, the early 80s were a bad place as a starting point, since gold dropped more than 50% immediately at the start of that period.

We can then take 1971 as a starting point.



I mean inflation adjusted prices, of course. So $35 back in 1934, the last year when gold had actually been backing up the dollar en masse, is not the same $35 as today. If we strip dollar of its inflation, we will see that gold didn't rise much in real prices. And if we take time period from 1981 till nowadays, the US government bonds, for example, have been performing better that gold. The treasuries are considered a hedge against against dollar inflation, that's what I mean by gold underperforming against it. That is, the treasuries were a better hedge than gold.

[djablom1]

I think the price of bitcoin is more unstable than that of gold also the price is way more than that of gold and you can actually buy gold with bitcoins that is something you could not do earlier.

[Alpinat]

actually this issue is done already some years ago. the bitcoin beats the price of the Gold in just per piece because we all know that bitcoin as of today is really indemand and also at very high price. gold is manipulated by the government so it is not increasing as of today.

[AjithBtc]

actually this issue is done already some years ago. the bitcoin beats the price of the Gold in just per piece because we all know that bitcoin as of today is really indemand and also at very high price. gold is manipulated by the government so it is not increasing as of today.

Price of bitcoin has surpassed the value of gold year ago, but in terms of security bitcoin lacks behind gold. Gold too is not that manipulated, but the centralized circulation makes it more secure than bitcoin. The decentralized functioning makes bitcoin highly profitable and popular and highly potential.

[budz0425]

actually this issue is done already some years ago. the bitcoin beats the price of the Gold in just per piece because we all know that bitcoin as of today is really indemand and also at very high price. gold is manipulated by the government so it is not increasing as of today.

Some years ago we can say that bitcoin price really beats gold, but that time still gold was more safe than bitcoin but for now we are confident that bitcoin really beats gold in terms of profitability and stability and of course you money can be doubled in bitcoin unlike in gold wherein it is not stable as well/

[iram1011]

The biggest difference between gold and bitcoin is that Bitcoin was invented 2009. Gold has been around since eternity. A currency is valuable because we think it's valuable. We have faith/confidence in it. And gold has more faith than any currency because it has survived more economic disasters than bitcoin. Bitcoin is yet to survive one. All these limitations with bitcoin and the unethical manipulation that happens in bitcoin undermine its standing as a currency if any mishap is to be occur. But it's the popular one now. Hence, all the bullish trend. But gold is the one if you're looking for stability.

[BobK71]

This is one of the most famous and trending topic about Bitcoin. What is more valuable Bitcoin or Gold? but the answer always from me and many other people in the world in Bitcoin. As bitcoin as a very fast growth rate more than gold it will give you more returns than gold in very less time.

True, but you can argue that is only because Bitcoin is still much cheaper than gold.  (When comparing same proportions of total supply.)

[nominee]

This is one of the most famous and trending topic about Bitcoin. What is more valuable Bitcoin or Gold? but the answer always from me and many other people in the world in Bitcoin. As bitcoin as a very fast growth rate more than gold it will give you more returns than gold in very less time.

True, but you can argue that is only because Bitcoin is still much cheaper than gold.  (When comparing same proportions of total supply.)

Gold has a big supply. This is the reality, bitcoin is very lmiited, that's why bitcoin could become 15 times more valuable than gold that was considered as the asset of the years.

[Hell-raiser]

This is one of the most famous and trending topic about Bitcoin. What is more valuable Bitcoin or Gold? but the answer always from me and many other people in the world in Bitcoin. As bitcoin as a very fast growth rate more than gold it will give you more returns than gold in very less time.

True, but you can argue that is only because Bitcoin is still much cheaper than gold.  (When comparing same proportions of total supply.)

Gold has a big supply. This is the reality, bitcoin is very lmiited, that's why bitcoin could become 15 times more valuable than gold that was considered as the asset of the years.

But this is all relative up to a point of being completely irrelevant. For example, you can take satoshis and you will get something like 21 trillions of them (or whatever, I didn't count). Is 21 trillions more than approximately 200,000 tonnes of gold extracted since the dawn of humanity? Such comparisons are meaningless because you can easily change units of measurement and then claim the contrary. Also, how can you ever say that bitcoin is more valuable or expensive than gold?

You can't even weigh a bitcoin to stake it against a nugget of gold.

[jonatuzc]

Gold and bitcoin do not have to be at odds with one another and do not serve as substitutes. Gold and bitcoin work well as compliments to any portfolio that wishes to balance speculative growth with a proven inflation hedge.

Exactly! There is no connection in between bitcoin and gold prices. In fact, there is no way that both of them are effecting the market price of one another in any way. Bitcoin is a separate entity and there are certain principles on the basis of which the market value of bitcoin increases and decreases. Same is the case when it comes to that of gold. However, bitcoin is having far more market value than that of gold.

[Kiweikoo]

the U.S debt is almost reaching ~ $21 Trillion, and Bitcoin supply is 21 million .. don't know what that means,  just something to interesting think about.

It is all about the good news coming from the bitcoin world. You will be hearing this very soon that either they are increasing the number of bitcoins or the price will be increased so much. Like in the last year, when the demand was too high bitcoin’s price had been jumped from $7k to $19k within a course of 2 weeks probably. Same will be happening now, wait and watch the story.

[Md.Sufian]

At present, Bitcoin is at the best level in the world . Which is more valuable than the current market gold . The price of gold was very much in antiquity . But now Bitcoin has earned a great name .

[katinko]

I think that gold is still more important than some kind of crypto currency, so gold will always stay afloat, and no one will replace it.

There is also a saying That whatever comes fast will disappear fast. Well, bitcoin has been in existence for only few years but the value surged high so fast but gold has been proven even from the old days till now and still good in value. We dont know until when will be the fame of bitcoin but gold i believe will never disappear. May not be equal in value but more stable.

I also believed in that saying that is why i maximized on earning with crypto currency, and now i see that investing in virtual currency is much profitable than gold because gold raise its value too slow and our capital would be stack for long period of time and generate small amount of profit. Then i conclude that much better to put money in crypto than gold.

[djgtr]

I think that gold is still more important than some kind of crypto currency, so gold will always stay afloat, and no one will replace it.

There is also a saying That whatever comes fast will disappear fast. Well, bitcoin has been in existence for only few years but the value surged high so fast but gold has been proven even from the old days till now and still good in value. We dont know until when will be the fame of bitcoin but gold i believe will never disappear. May not be equal in value but more stable.

I also believed in that saying that is why i maximized on earning with crypto currency, and now i see that investing in virtual currency is much profitable than gold because gold raise its value too slow and our capital would be stack for long period of time and generate small amount of profit. Then i conclude that much better to put money in crypto than gold.

Yes i agree on that gold is really risky than cryptocurrency because if we  speak about gold the big expensis is there and it is really risky to have an investment if you put up a big amount as a capital.Whilr in btc we can really buy it during its low price  to avoid   risky investment maybe the  difference of the two is the price crypto change in a verry short peeriod of time while in gold it really counts a  year or a decade before it change price.