Bitcoin or gold?

[deisik]

Speak out why investing in gold for me it's bad.

  For example, we have decided to buy gold in the bank. First, the difference between the purchase and sale of metals, in particular gold, can reach up to 10% or even more. In addition, VAT will be added to the amount of the purchase price. At the moment, the VAT rate is 18%. That is, if we are to change your mind and sell gold in the same moment when it was purchased, then immediately lose up to 30%. On the other hand, to sell the purchased gold into the black have to wait a long time until it will grow in value.

Since the VAT is 18% for you, I guess I can safely assume where you are from (and from your post history, lol). Thereby, you should have made it clear that the value added tax is only applicable if you buy gold in bullion. Gold coins, on the contrary, don't have VAT imposed, so you are telling only half the truth and the wrong one at that...

You should pay the income tax when you sell your coins with a profit later (as for most assets within 3 years after the purchase)

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[betohell]

I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.

yeah with bitcoin you can pay for goods and so forth. while the gold? You can not do the same thing with gold. but if you have the gold. it can be used as jewelery dude

[boyptc]

I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.

yeah with bitcoin you can pay for goods and so forth. while the gold? You can not do the same thing with gold. but if you have the gold. it can be used as jewelery dude

Well if barter is still allowed and happening to your country o city, you can still pay off gold for the goods and products that you are going to buy.
But since it is not that popular this day, so bitcoin is much more reliable in our times.

[deisik]

I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.

yeah with bitcoin you can pay for goods and so forth. while the gold? You can not do the same thing with gold. but if you have the gold. it can be used as jewelery dude

Well if barter is still allowed and happening to your country o city, you can still pay off gold for the goods and products that you are going to buy

You may try to pay in gold, but how are you going to convince the seller that your gold is authentic?

[vero]

I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.

because bitcoin is a currency it's different with gold in other people view and they not know about bitcoin they thinking gold is a good investment and one things gold win is you can use gold as a collateral for your request loan.

[socks435]

I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.

because bitcoin is a currency it's different with gold in other people view and they not know about bitcoin they thinking gold is a good investment and one things gold win is you can use gold as a collateral for your request loan.

Yeah right bitcoin is still need more adoption and more impression.. and bitcoin  has no physical and you can touch it.. unlike gold anytime you can touch it sell them locally and yeah you can use it to loan..

[crairezx20]

I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.

yeah with bitcoin you can pay for goods and so forth. while the gold? You can not do the same thing with gold. but if you have the gold. it can be used as jewelery dude

Well if barter is still allowed and happening to your country o city, you can still pay off gold for the goods and products that you are going to buy

You may try to pay in gold, but how are you going to convince the seller that your gold is authentic?

I think if you have gold you have also a papers to know if you are the owner.but i didnt know if really needs papers.. because never experience yet.. its better to stay in bitcoins because dont needs any papers or anything..

[markj113]

Speak out why investing in gold for me it's bad.

  For example, we have decided to buy gold in the bank. First, the difference between the purchase and sale of metals, in particular gold, can reach up to 10% or even more. In addition, VAT will be added to the amount of the purchase price. At the moment, the VAT rate is 18%. That is, if we are to change your mind and sell gold in the same moment when it was purchased, then immediately lose up to 30%. On the other hand, to sell the purchased gold into the black have to wait a long time until it will grow in value.

Since the VAT is 18% for you, I guess I can safely assume where you are from (and from your post history, lol). Thereby, you should have made it clear that the value added tax is only applicable if you buy gold in billion. Gold coins, on the contrary, don't have VAT imposed, so you are telling only half the truth and the wrong one at that...

You should pay the income tax when you sell your coins with a profit later (as for most assets within 3 years after the purchase)

In the UK there is no VAT payable on any gold (bars or coins)

only silver, platinum, palladium.

UK legal tender coins like sovereigns and Britannias are also capital gains tax free too.

@ crairezx20 - You do not need papers to prove ownership - not sure what dictatorship you live under?

[deisik]

I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.

yeah with bitcoin you can pay for goods and so forth. while the gold? You can not do the same thing with gold. but if you have the gold. it can be used as jewelery dude

Well if barter is still allowed and happening to your country o city, you can still pay off gold for the goods and products that you are going to buy

You may try to pay in gold, but how are you going to convince the seller that your gold is authentic?

I think if you have gold you have also a papers to know if you are the owner.but i didnt know if really needs papers.. because never experience yet.. its better to stay in bitcoins because dont needs any papers or anything..

I didn't mean that you should prove that you are the owner of the gold that you offer as payment. How are going to prove that the piece of gold (coin or a gold nugget) you pull from your pocket is actually gold and not tungsten shit covered with a thin layer of titanium nitride, lol...

Papers can be fabricated even more easily than gold

[markj113]

I didn't mean that you should prove that you are the owner of the gold that you offer as payment. How are going to prove that the piece of gold (coin or a gold nugget) you pull from your pocket is actually gold and not tungsten covered with a thin layer of titanium nitride, lol...

Papers can be fabricated even more easily than gold

If you buy gold coins it doesnt take a genius to spot a fake over the the real thing.

Even the newest fakes look shit compared to a real one, the detail is always off.

Obviously a different story for bars though as there are some good fake pamps and Perth mint bars.

[deisik]

I didn't mean that you should prove that you are the owner of the gold that you offer as payment. How are going to prove that the piece of gold (coin or a gold nugget) you pull from your pocket is actually gold and not tungsten covered with a thin layer of titanium nitride, lol...

Papers can be fabricated even more easily than gold

If you buy gold coins it doesnt take a genius to spot a fake over the the real thing.

Even the newest fakes look shit compared to a real one, the detail is always off

But you still can't deny the fact that the very existence of fake coins proves that there are people which can be fooled into thinking they are holding the real shit, right?

A fool and his money are soon parted

[markj113]

or idiots buy them on ebay.

Not hard to spot the fake -

[deisik]

or idiots buy them on ebay.

Not hard to spot the fake -

To me, the coin on the left looks only slightly more worn out, nothing beyond that. I don't think it requires much effort to make the details more pronounced...

Year 2003 confirms that the coin has changed many hands, lol

[expert4knowledge]

Now I am  fan of gold but I want to do an investment and do not deal till next 1-2 years then I would say gold is better option.

[Shibashi Dogemoto]

Now I am  fan of gold but I want to do an investment and do not deal till next 1-2 years then I would say gold is better option.

Gold will always help you in long run and you can trust it with closed eyes as gold holds maximum number of satisfied customers which bitcoin don't at this stage.

[STT]

Year 2003 confirms that the coin has changed many hands, lol

Gold isnt used by many hands, that is the problem.  There is no excuse for wear on any modern minted coin.    Im not sure why this is an issue to discuss on coins, its hard to duplicate an exact dimension and weight because only one element fits and that is gold.
  If people dont even examine what they are buying then sure its going to be a problem but if you know the specifications of the coin then why is this even a thing.   who is so rich here they havent got time to double check a $1,200 purchase for ten minutes

[ps_jb]

or idiots buy them on ebay.

Not hard to spot the fake -

That is very good fake

If it is made of .9999 Au - I would buy for for spot price

[ps_jb]

Gold isnt used by many hands, that is the problem.  There is no excuse for wear on any modern minted coin.    Im not sure why this is an issue to discuss on coins, its hard to duplicate an exact dimension and weight because only one element fits and that is gold.
  If people dont even examine what they are buying then sure its going to be a problem but if you know the specifications of the coin then why is this even a thing.   who is so rich here they havent got time to double check a $1,200 purchase for ten minutes

Agree - bullions are made for investment and storage

I've seen Krugs with traces of wearing, but never Pandas, Leaves, Kangaroos etc

[bitlancr]

Bitcoin is for me better but I now have them both because there are both good investments on a long term if you ask me.
The bitcoin and gold both have a good future a head.

[goldcoinminer]

Bitcoin for me because it is very precious to me, I can use it everyday and earn from it and with it, with many task available online where you can earn bitcoins you can maximize your earnings by doing trading or simply investing. However, gold on the other hand needs time and money for you to profit.