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Author Topic: James Turk: You don't invest in gold, gold is money  (Read 108 times)
elda34b
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May 16, 2018, 12:05:30 PM
 #21

If someone know crypto currency and invest gold, I can not understand this situation. Maybe he/she does not like benefit Smiley

I can't understand your post either. Are you trying to say that someone who invest in gold even though he knows about crypto is not understandable or what?

-cut-

Exactly. People forget that fiat currency may be currency, but it isn't money. Money is currency, except it is also a proven store of value in the long term which is something that fiat currency definitely is not, since there aren't any fiat currencies that have survived for long over the course of history.

I really like this point. Fiat currency is something built on top of nothing but promise, as far as I understand about it. The government can print lots of fiat, which makes inflation is not possible to be avoided.

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Bianxee
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May 16, 2018, 12:16:49 PM
 #22

Its optional to buy gold or that physical precious metals. In that time coming to our future we can't sure that we are not using papermoney anymore much more cryptocurrency until it has not been happening yet. Gold is the most popular and powerful metals that we can consider as money like the older years how this precious metals were used.

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May 16, 2018, 12:42:14 PM
 #23

There is no doubt that good is a good investment, I think if we put it into analogy, for physical or tangible assets, gold is the best investment and for digital currency gold 2.0 which is bitcoin, the guy has a lot of points on why we must invest in gold, still it will all depend on what we give value to, there are times when the value of a certain coin is lower or higher, and that depends on the community, they will be the ones respinsible for the value, unlike in the stock market, the ones giving the value of their stocks are the owners since they can manipulate it.
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May 16, 2018, 01:31:20 PM
 #24

What an interesting side of view. I am sure at some point we shall be having this type of argument around bitcoin since many already believe it is  money on its own. Besides that, isn't gold a tangible substance?

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jseverson
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May 16, 2018, 01:53:00 PM
 #25

Things like this just prove that there's no point in playing with semantics. Everyone has different opinions, but the fact is, you can use Bitcoin as an asset, and you can use it as money, and you can use it as both. There's no need to confine it to one utility when it's clearly capable of much more.

The only time such labels really matter is on regulation, because that would obviously affect taxation and other legal stuff.

bocyaj
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May 16, 2018, 02:29:47 PM
 #26

Things like this just prove that there's no point in playing with semantics. Everyone has different opinions, but the fact is, you can use Bitcoin as an asset, and you can use it as money, and you can use it as both. There's no need to confine it to one utility when it's clearly capable of much more.

The only time such labels really matter is on regulation, because that would obviously affect taxation and other legal stuff.

Yes.We can use bitcoin as asset and Money.To use bitcoin as money, bitcoin should be legal one in your country.If it's fail to legal,you can use bitcoin to inverse your money.From my knowledge, Gold is only asset till now.Gold is regulated asset through out the world. While Bitcoin is open source asset,people from any country can inverse in bitcoin.
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