Bitcoin vs. Gold Prices

[Mr.X(999)]

Gold? no more talking about gold. In this modern era, bitcoin is more needed by people. Bitcoin makes investors really sure it's safe to invest their money into it. Bitcoin price also increases fast for years and that's really good for investors too.

[tumokatok]

The last time I did this analysis, gold was a thousand times more expensive than Bitcoin, if we compare the same proportions of total supply.  By now, Bitcoin has risen 30-fold, and so gold is only 30 times more expensive.

Of course, I was roundly dismissed for speculating Bitcoin could get anywhere near a six-figure price in dollars.  If I was criticized for being too bullish on Bitcoin, today I might be seen as too bullish on gold.

How to answer the question -- where to from here?  As I wrote recently, gold is objectively a better money for securing savers' freedom from governments and central banks.  So, if the long-term price ratio is 10 to 1 in favor of gold, Bitcoin can still go up 3 times.  It'd still be a great return by the standards of any asset, but Bitcoin is not quite as compelling as it used to be.

Especially, many early owners of Bitcoin, now flush with capital, who are also sympathetic to gold, might decide to sell some Bitcoin and buy gold at these prices.

We have to be careful here.  This entire analysis was based on the (pretty common) assumption that governments and central banks have nothing to do with gold and Bitcoin prices, and that the future of Bitcoin is to be another limited-supply monetary asset like gold, but at an appropriate relative price.  (The reality, at least with gold prices, is of course the opposite.)

So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.)  If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos.

If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold.  The rise of Bitcoin, so far, is consistent with this scenario too.  From here on, our thinking might have to change.

For the answer to that question, watch the news closely for the signs!

if gold or bitcoin, for the short term fast profit earned bitcoin but in use trading not in save
if for the long term yes gold can be used for jewelry and liquid of liquid every time it takes will quickly liquid it and small pieces if the price rise sduah certainly come up
but if for a good investment, ANTAM gold is not gold jewelry

[JTEN18]

The last time I did this analysis, gold was a thousand times more expensive than Bitcoin, if we compare the same proportions of total supply.  By now, Bitcoin has risen 30-fold, and so gold is only 30 times more expensive.

Of course, I was roundly dismissed for speculating Bitcoin could get anywhere near a six-figure price in dollars.  If I was criticized for being too bullish on Bitcoin, today I might be seen as too bullish on gold.

How to answer the question -- where to from here?  As I wrote recently, gold is objectively a better money for securing savers' freedom from governments and central banks.  So, if the long-term price ratio is 10 to 1 in favor of gold, Bitcoin can still go up 3 times.  It'd still be a great return by the standards of any asset, but Bitcoin is not quite as compelling as it used to be.

Especially, many early owners of Bitcoin, now flush with capital, who are also sympathetic to gold, might decide to sell some Bitcoin and buy gold at these prices.

We have to be careful here.  This entire analysis was based on the (pretty common) assumption that governments and central banks have nothing to do with gold and Bitcoin prices, and that the future of Bitcoin is to be another limited-supply monetary asset like gold, but at an appropriate relative price.  (The reality, at least with gold prices, is of course the opposite.)

So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.)  If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos.

If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold.  The rise of Bitcoin, so far, is consistent with this scenario too.  From here on, our thinking might have to change.

For the answer to that question, watch the news closely for the signs!

if gold or bitcoin, for the short term fast profit earned bitcoin but in use trading not in save
if for the long term yes gold can be used for jewelry and liquid of liquid every time it takes will quickly liquid it and small pieces if the price rise sduah certainly come up
but if for a good investment, ANTAM gold is not gold jewelry

The thing is, they were both profitable it is just that bitcoin price really varies from time to time unlike in gold which is controlled by the national government. But if you will both invest to them make an 80:20 80% for bitcoin and just allot 20% of your money to gold, since bitcoin is more profitable than it.

[timerland]

Bitcoin I think will overtake gold in many aspects, and will become a lot more valuable in society.

Gold? no more talking about gold. In this modern era, bitcoin is more needed by people. Bitcoin makes investors really sure it's safe to invest their money into it. Bitcoin price also increases fast for years and that's really good for investors too.

Haha, very much true. However, we don't want bitcoin to suddenly drop because of all the growth. Its got the future, I just don't know if this is healthy growth or not.


Gold has been a stable investment for many years, though for sure it will grow outdated in the years to come.

[Kemarit]

Gold? no more talking about gold. In this modern era, bitcoin is more needed by people. Bitcoin makes investors really sure it's safe to invest their money into it. Bitcoin price also increases fast for years and that's really good for investors too.

Maybe you are right as a certain degree. Gold is very old school form of investment. LOL. And bitcoin already surpasses Gold's prices so many times now that its really hard to compare both of them, although they have some similarities. That's why you will hear people saying that Bitcoin is Gold 2.0, because it dawn a new era in terms of investment. But we all know that Gold will be here to stay because it can ask as hedge during crisis like World War. But bitcoin lately have shown it can do it as well, just like in the Venezuelan and Zimbabwe economic crisis. And as far as prices, Bitcoin has been the most valuable assets or investment platform right now overtaking Gold already by miles.

[redsun114]

Gold? no more talking about gold. In this modern era, bitcoin is more needed by people. Bitcoin makes investors really sure it's safe to invest their money into it. Bitcoin price also increases fast for years and that's really good for investors too.

Gold has become old fashion of saving your wealth. The market of gold is going down gradually because of the immense popularity of crypto currencies.

Gold investors have withdrawn their much investments form the industry and investing them into bitcoin because of high returns bitcoin give them. Bitcoin is never ever going to lose its volatility which means investors are all the time going to have some profit.

[JL421]

The last time I did this analysis, gold was a thousand times more expensive than Bitcoin, if we compare the same proportions of total supply.  By now, Bitcoin has risen 30-fold, and so gold is only 30 times more expensive.

Of course, I was roundly dismissed for speculating Bitcoin could get anywhere near a six-figure price in dollars.  If I was criticized for being too bullish on Bitcoin, today I might be seen as too bullish on gold.

How to answer the question -- where to from here?  As I wrote recently, gold is objectively a better money for securing savers' freedom from governments and central banks.  So, if the long-term price ratio is 10 to 1 in favor of gold, Bitcoin can still go up 3 times.  It'd still be a great return by the standards of any asset, but Bitcoin is not quite as compelling as it used to be.

Especially, many early owners of Bitcoin, now flush with capital, who are also sympathetic to gold, might decide to sell some Bitcoin and buy gold at these prices.

We have to be careful here.  This entire analysis was based on the (pretty common) assumption that governments and central banks have nothing to do with gold and Bitcoin prices, and that the future of Bitcoin is to be another limited-supply monetary asset like gold, but at an appropriate relative price.  (The reality, at least with gold prices, is of course the opposite.)

So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.)  If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos.

If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold.  The rise of Bitcoin, so far, is consistent with this scenario too.  From here on, our thinking might have to change.

For the answer to that question, watch the news closely for the signs!

Gold price is completely stable. It's market cap is very high and it's very popular among laymen and stock trader's too. Btc is mainly fluctuating due to less market cap but this leads to it's price Increasing which makes it profitable to invest into. Btc is much more valuable than gold but gold is used much more widely.

[MoonHodler]

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.

[cryptojac17]

The last time I did this analysis, gold was a thousand times more expensive than Bitcoin, if we compare the same proportions of total supply.  By now, Bitcoin has risen 30-fold, and so gold is only 30 times more expensive.

Of course, I was roundly dismissed for speculating Bitcoin could get anywhere near a six-figure price in dollars.  If I was criticized for being too bullish on Bitcoin, today I might be seen as too bullish on gold.

How to answer the question -- where to from here?  As I wrote recently, gold is objectively a better money for securing savers' freedom from governments and central banks.  So, if the long-term price ratio is 10 to 1 in favor of gold, Bitcoin can still go up 3 times.  It'd still be a great return by the standards of any asset, but Bitcoin is not quite as compelling as it used to be.

Especially, many early owners of Bitcoin, now flush with capital, who are also sympathetic to gold, might decide to sell some Bitcoin and buy gold at these prices.

We have to be careful here.  This entire analysis was based on the (pretty common) assumption that governments and central banks have nothing to do with gold and Bitcoin prices, and that the future of Bitcoin is to be another limited-supply monetary asset like gold, but at an appropriate relative price.  (The reality, at least with gold prices, is of course the opposite.)

So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.)  If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos.

If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold.  The rise of Bitcoin, so far, is consistent with this scenario too.  From here on, our thinking might have to change.

For the answer to that question, watch the news closely for the signs!

if gold or bitcoin, for the short term fast profit earned bitcoin but in use trading not in save
if for the long term yes gold can be used for jewelry and liquid of liquid every time it takes will quickly liquid it and small pieces if the price rise sduah certainly come up
but if for a good investment, ANTAM gold is not gold jewelry

The thing is, they were both profitable it is just that bitcoin price really varies from time to time unlike in gold which is controlled by the national government. But if you will both invest to them make an 80:20 80% for bitcoin and just allot 20% of your money to gold, since bitcoin is more profitable than it.

80 /20 would be a good ratio because bitcoin today is getting more profitable in terms of trading how fast the price varies is also signifies that in a short period of time you can earn profit.however gold also is a good investment because as we all know how stable is the price  is and certainty and security is good compare to bitcoin.

[Dilladupak]

I think if you invest in bitcoin at a cheap price, and sell a higher price again. You will get more profit, if you invest in gold with the sale price with the purchase price you will lose profits, because the selling price of gold decreased, or gold only in the form of jewelry only.

[screendead]

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.

[BabyBoss]

I think if you invest in bitcoin at a cheap price, and sell a higher price again. You will get more profit, if you invest in gold with the sale price with the purchase price you will lose profits, because the selling price of gold decreased, or gold only in the form of jewelry only.

Gold takes long term process for you to earn, you will only lose profit if you really sell it in short term then you know the price is not yet earn x5. In order for you to earn more than x5 you must hold it for a years about 10-20 years but bitcoin will really become one of the top helper to help someone to become millionaire in just a months or a year. We know that butcoin is more better now than gold because it's easy to earn more than x10-x50 in just a year not like gold you must wait in about 10 years to 20 years.

[Chachacoin17]

I think if you invest in bitcoin at a cheap price, and sell a higher price again. You will get more profit, if you invest in gold with the sale price with the purchase price you will lose profits, because the selling price of gold decreased, or gold only in the form of jewelry only.

Gold takes long term process for you to earn, you will only lose profit if you really sell it in short term then you know the price is not yet earn x5. In order for you to earn more than x5 you must hold it for a years about 10-20 years but bitcoin will really become one of the top helper to help someone to become millionaire in just a months or a year. We know that butcoin is more better now than gold because it's easy to earn more than x10-x50 in just a year not like gold you must wait in about 10 years to 20 years.

Yes i agree on that gold really need a decade to earn because its price  is almost same  as  stable becaus it really takes a long time to change .While in bitcoin we can really have a profit in a   small period of time because its price is unstable  and  it is really rising each day becaus emany people believe and experience  the advantages of holding it in a short period of time and it is really profitable that is why if i have to choose among the two i really choose bitcoin than gold.

[arrmia11]

Gold is one of the traditional way on keeping wealth and it takes time for the value of your gold to be higher. Unlike in bitcoin if you invest now, you can see the growth of your money after a couple of months.

[biskitop]

Now bitcoin prices far past the price of gold. No wonder some people start switching to bitcoin investments. But the legality problem of the government is still a major problem, especially for businessmen or big companies who will invest in bitcoin.

[Ronaldcoin2017]

I think if you invest in bitcoin at a cheap price, and sell a higher price again. You will get more profit, if you invest in gold with the sale price with the purchase price you will lose profits, because the selling price of gold decreased, or gold only in the form of jewelry only.

Gold takes long term process for you to earn, you will only lose profit if you really sell it in short term then you know the price is not yet earn x5. In order for you to earn more than x5 you must hold it for a years about 10-20 years but bitcoin will really become one of the top helper to help someone to become millionaire in just a months or a year. We know that butcoin is more better now than gold because it's easy to earn more than x10-x50 in just a year not like gold you must wait in about 10 years to 20 years.

Yes i agree on that gold really need a decade to earn because its price  is almost same  as  stable becaus it really takes a long time to change .While in bitcoin we can really have a profit in a   small period of time because its price is unstable  and  it is really rising each day becaus emany people believe and experience  the advantages of holding it in a short period of time and it is really profitable that is why if i have to choose among the two i really choose bitcoin than gold.

Yes i strongly agree  bacause bitcoin price is really better than gold because it is true we cant really gain profit in gold in a short period of time because its price is slowly moving and it is really risky because we need a big capital to make an investment in gold while in bitcoin we can really earn even if  we really dot have a big capital because its price is really unstable and it really change any time anywhere so then i also choose btc.

[Janation]

Now bitcoin prices far past the price of gold. No wonder some people start switching to bitcoin investments. But the legality problem of the government is still a major problem, especially for businessmen or big companies who will invest in bitcoin.

I don't think that that will be problem since there is a lot of exchanges that can quickly change or let you sell your bitcoin into fiat or commonly USD. I think the most common problem that big business mans think in investing on bitcoin is that the idea of it being a bubble. We do not know that for sure but they are thinking that bitcoin really is a high risk investment.

[BobK71]

With gold, it is pretty easy to predict prices. Unlike Bitcoin, gold value doesn't change much over time. It is its dollar price that changes. So if dollar is going to hyperinflate in the next few years, gold will definitely surge in that currency, but in respect to the value of goods it will likely remain the same give or take a few hundred dollars. Whether dollar is going to crash would depend on the economic policies of the US government as well as the economic situation in countries which aim to replace the American dollar. I mostly refer to China here.

Nice analysis, thank you.  They say, an ounce of gold has been buying 500 loaves of bread since Greek and Roman times.

The only thing I wanted to add is that today we have a situation that has not been seen since at least the 1500s, when massive amounts of silver were discovered in South America by Spain.  This is an increase in non-state-issued, decentralized money.  The 1500s episode resulted in a long inflation and the loss of purchasing power of gold and silver.  We may see the same thing over the next decades.

That is, assuming the elites don't screw up the public's trust in cryptos by promoting too many altcoins!

[Hell-raiser]

With gold, it is pretty easy to predict prices. Unlike Bitcoin, gold value doesn't change much over time. It is its dollar price that changes. So if dollar is going to hyperinflate in the next few years, gold will definitely surge in that currency, but in respect to the value of goods it will likely remain the same give or take a few hundred dollars. Whether dollar is going to crash would depend on the economic policies of the US government as well as the economic situation in countries which aim to replace the American dollar. I mostly refer to China here.

Nice analysis, thank you.  They say, an ounce of gold has been buying 500 loaves of bread since Greek and Roman times.

The only thing I wanted to add is that today we have a situation that has not been seen since at least the 1500s, when massive amounts of silver were discovered in South America by Spain.  This is an increase in non-state-issued, decentralized money.  The 1500s episode resulted in a long inflation and the loss of purchasing power of gold and silver.  We may see the same thing over the next decades.

That is, assuming the elites don't screw up the public's trust in cryptos by promoting too many altcoins!

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.

[MIZANUR5033]

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.