Bitcoin or gold?

[Helen Holmes]

I`m 28, how old are you?

Only a non-evolving hardcore conservative would think otherwise. You gold bugs must be very narrowminded, no offence.

Chariots have been around 5000 years like gold, yet they have been replaced merely 80 years ago by cars, simply because it was better.

You think gold is so divine and invulnerable that it cant be replaced by something much more efficient: BITCOIN? You are the childish here  Cheesy

[SavvyOli]

definitely bitcoin! for those that replies gold, get out of this forum thanks

[8Habits]

I'm surprised how many people chose gold on a btc forum. Gold seems like a pretty crappy "investment", more like a hedge against collapse. Is it going to appreciate by 10% a year? I'd chose stocks and bitcoin.

Gold is a good investment and if you buy physical gold versus stocks, you have a sense of ownership. But yes, I agree that bitcoin is a good investment at the moment - at least for short term investing because its price can rapidly grow before our very eyes.

[Williamscott]

I am new still, but I love my gold still.  I think it's a good good investment still.  It just has done a amazing job of holding value.

I will add BTC to my investing now.  I guess I will diversify with now going into BTC.

[Sled]

I am new still, but I love my gold still.  I think it's a good good investment still.  It just has done a amazing job of holding value.

I will add BTC to my investing now.  I guess I will diversify with now going into BTC.

Bitcoin and gold is a good investment for diversification because it will help you to get a stable investment since gold is stable while bitcoin is a bit aggressive on its price movement which is pair of perfect investment. Bitcoin is your primary investment and gold will become the back up for you.

[deisik]

Could you please make your post more readable and understandable?

Indeed, population didn't increase 12 times, but it is obviously not the only factor at play here. I mentioned it first since its effect can be easily understood by everyone and his grandma. Personally, I'm more inclined to think that today's price of gold is not as high as it should be (according to your estimates, at least) specifically because the demand for it dropped overall during the last 30-35 years (just like you said in your other post about platinum). As you also say, the price is determined by the balance of supply and demand, and I don't think there is heavy price manipulation going on behind the scenes in respect to gold

Tell me which part of my post you have not fully understand and I will elaborate further. I do not remember mentioning any price manipulation, as you imply; but if trading in PM moves from paper to physical market or everyone decide to invest in them even 5% of their savings, the prices of gold and silver and their purchasing power will skyrocket (we've already seen that in 1970s and 2000s, and the bull market in precious metals started in 2003 is far from over). Though do not take my word for it and spent a few years on studding the PM market yourself.

I was talking about price manipulation in general

The gold prices are low, and they will remain low unless the dollar gets hit massively, and there is no price manipulation to keep prices artificially low. The times during which gold had been surging were the periods of the dollar weakness. In other words, it was not gold rising but rather dollar falling. I don't understand the meaning of your arithmetic. Basically, you say that if people invest some fraction of their wealth in gold, gold will rise to a certain mark. As to me, this is pure speculation which I don't understand. I don't see any meaning in these figures you pour on me (apart from some practice in multiplication and division)

[oliver scott]

Hiii,
Bitcoin is not in the stock market, you just buy it from exchanges, and yes it does have value, no body want a monopoly of money by governmen

[richkellj]

I would choose both, half on bitcoin and half on gold. Don't rely on one product because you do not know what the future will offer. Realizing that one of these may prove to be a bad financial decision but we can recover the losses from other products we have invested.

I would like to correct you that both are long term investments. The bitcoin investors are not ready to trade with their bitcoins or to spend them on trivial things. Even when the bitcoins are accelerating towards the sky, people are not selling them off or cashing them out in a hope that the prices will further rise. Investors are willing to hold bitcoins for years.

[FUKT]

I`m 28, how old are you? Only a non-evolving hardcore conservative would think otherwise. You gold bugs must be very narrowminded, no offence. Chariots have been around 5000 years like gold, yet they have been replaced merely 80 years ago by cars, simply because it was better. You think gold is so divine and invulnerable that it cant be replaced by something much more efficient: BITCOIN? You are the childish here  Cheesy

Again, the world was taken off the gold standard decades ago, so there is no dilemma - to use gold for everyday transactions or not, since it's not used for that purpose since 1934! Nevertheless, 16% of yearly mined gold is consumed in industrial applications, and the rest goes to jewellery and preserving wealth. Chariots are hand made invention, gold is made in stars explosions (so its way more difficult to produce than BTC) and has an intrinsic value in itself, as the air we breath, the water we drink and the food we eat (meaning it will never go out of trend).

[posi]

I am new still, but I love my gold still.  I think it's a good good investment still.  It just has done a amazing job of holding value.

I will add BTC to my investing now.  I guess I will diversify with now going into BTC.

Bitcoin and gold is a good investment for diversification because it will help you to get a stable investment since gold is stable while bitcoin is a bit aggressive on its price movement which is pair of perfect investment. Bitcoin is your primary investment and gold will become the back up for you.

Bitcoin and gold does have different potential but when it come to investment I give it all to bitcoin because to me gold is a way of saving money.

[cryptworld]

For me, bitcoin is better than gold because bitcoin you can simply buy and hold.Besides that, gold can not get on valuable in regard to bitcoin.So, if you plan to hold money I think that the best way for it is to invest in bitcoin.

[jaysabi]

I'm surprised how many people chose gold on a btc forum. Gold seems like a pretty crappy "investment", more like a hedge against collapse. Is it going to appreciate by 10% a year? I'd chose stocks and bitcoin.

Gold historically has been exactly that, a hedge against disaster or a failsafe to preserve wealth in uncertain economic conditions. The volatility exhibited by Bitcoin is great when it's on an overall upward trend has it has been for months, but everyone forgets how terrible it was owning Bitcoin at $200 for a year after it was trading at $800 and people were wondering if it would ever see those highs again.

[shursight]

well it just depends about which one do you prefer, both of them are similiar in some aspects.
Bitcoin is always increasing, just the same than gold, but gold only increases a few dollars a year, bitcoin has been quadriplicated since a year.
Those are different ways to hold your money, and they can help you to grow it, you only have to choose one.
By the way, bitcoin is electronic, and gold is physical, so that is why a lot of people is scared of bitcoin.

[Berlian]

I personally,prefer gold to be kept for the foreseeable future,because in addition to being a savings for the future, can also be used as jewelry.

[sapnu]

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

I'll convert my wealth to gold for long time purposes. Since gold is being used for transactions through many years by different countries through different eras. It also has stable market price compared to Bitcoin that almost time to time, price is increasing and decreasing.Gold has also physical value and Bitcoin doesn't.

[snowdropfore]

bitcoin will be better than gold ,we will see after 4 years

[kelinci_putih]

choose bitcoin better than gold try to buy bitcoin now hold and see next about 1 or 2 years again, we will see the awesome price then.

[Kotone]

nowadays if you compare gold to bitcoin people will choose bitcoin because of its price bitcoin already reach and take over the price of gold which is those traders who are holding golds are now holders of bitcoins they also implement bitcoin to their company and yet they also using it from their business.

[quarkyplum]

I personally,prefer gold to be kept for the foreseeable future,because in addition to being a savings for the future, can also be used as jewelry.

Gold have history long time than Bitcoin and this is real asset, not virtual and very rare. The value of Gold stable than Bitcoin and this is best choice for people want saving money not have any risk about decreasing value in long time.

[madwica]

I personally,prefer gold to be kept for the foreseeable future,because in addition to being a savings for the future, can also be used as jewelry.

Gold have history long time than Bitcoin and this is real asset, not virtual and very rare. The value of Gold stable than Bitcoin and this is best choice for people want saving money not have any risk about decreasing value in long time.

I think we all know the history of gold and the current status, but now there is bitcoin which offers much great opportunity than gold for now and i think much better to invest in bitcoin because it will give much faster and higher profit even it is virtual and risky form of investment still bitcoin for me.