Gold forum

[Ghebung Masam]

if compared between gold and bitcoin there is certainly a difference.
it is clear that bitcoin has experienced a significant price change in prices up and down in a matter of hours.
while gold tends to be more stable

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[TheHas]

It's not a contest.   It's like saying you can't drive a BMW if your wife drives a Lexus.      Both are fine.   

I think he is saying that he is still into 'metals', so OP is agreeing with you.

He is mainly pointing out that people on precious metal forums are raging about bitcoin, when really you would think they would be embracing it as almost a digital gold.

[Ibizugbe1]

Cryptocurrency is very risky because of its volatility, have never traded on gold, only heard how people gold were stolen without trace. I made a huge loss by taking a huge risk investment in cryptocurrency, had I put it in bitcoin, I wouldn't have made much loss like I did. Bitcoin is safer than coin in the market. When I have some spare money I mean buy a precious metal but won't keep it with me, I want to sleep with my two eyes close.

[gentlemand]

Gold have flaws and grey areas too, so they will simply ignore the fact that Gold prices are being manipulated by some cartels and super rich investors. They will also ignore the fact that many of the Gold that are locked in vaults have not been audited for many years, so you think it is there but it might not be there.    <Example : Fort Knox>

This is the one that regularly gets me. The gold price is so strangled, mangled and diluted it's a miracle anyone bothers. You can believe in the actual substance but the way the value is so outrageously weaseled kind of cancels out the perceived benefits it touts.

Crypto is yet to reach this stage and hopefully the instant and universal transparency will fight it off but I've no doubt they're going to try.

[MonsterV]

This is a good decision, I have decided 3 years ago. not excluding gold to invest but crypto is more promising at this time. in the end everyone will regret not knowing crypto. I am sure I have chosen a promising asset.

I always believe in cryptocurrency that will change people's perspective on it. Crypto will be the new currency to replace FIAT in the future, and the future economy will depend on it. Why are people always afraid of Crypto? Don't lose the chance to become rich if you don't learn and invest in it right now.

Gray speculation, so far the crypto that we know is a form of decentralization while a country needs a currency that can be regulated according to its policy (centralization). I don't think that crypto will replace fiat but fiat will be replaced by a centralized digital currency. But there's no need to worry because I'm sure fiat and crypto are very different, and they in the future will go hand in hand and be very influential for the world.

[salty]

To condemn the author of the post makes no sense.Investing in metals is also profitable.Alas, cryptocurrency has a very big problem.And many people know this problem is high volatility.Although if we look at the crypto currency №1 in the list,then for the entire time of its existence it gave a huge profit.Investing in cryptocurrencies is naturally worth it,but do not forget about the risks.Good luck investing!

[gentlemand]

And many people know this problem is high volatility.

That's the prime reason most people are here. And it's also the prime reason why most people here are completely and utterly uninterested in gold. Gold does of course experience volatility but nowhere near enough to get most of us erect.

[mamesso]

This is a good decision, I have decided 3 years ago. not excluding gold to invest but crypto is more promising at this time. in the end everyone will regret not knowing crypto. I am sure I have chosen a promising asset.

I always believe in cryptocurrency that will change people's perspective on it. Crypto will be the new currency to replace FIAT in the future, and the future economy will depend on it. Why are people always afraid of Crypto? Don't lose the chance to become rich if you don't learn and invest in it right now.

I feel open fear, they don't know crypto.
it is our duty to socialize crypto to be better known. Give an explanation so that they understand that crypto is not a kind of money laundering or criminal tool.

[Dapper]

It's not a contest.   It's like saying you can't drive a BMW if your wife drives a Lexus.      Both are fine.   

I think he is saying that he is still into 'metals', so OP is agreeing with you.

He is mainly pointing out that people on precious metal forums are raging about bitcoin, when really you would think they would be embracing it as almost a digital gold.

Yes, I wasn't replying to the OP per se, it was a general comment to the crowd of folks (usually crypto shills that own a very small amount of BTC and whose only hope is a moonshot in btc price) that seem to want to make issues out of one being better than the other.   

[Kocret02]

gold and cryptocurrency have in common indeed. but that is just how someone chooses between gold or crypto, so I think that the same choice is good. besides now many people turn to crypto because crypto gives a definite profit when the price increases.

[Ryan Dugan]

Why would anyone listen to a forum that tells you to invest in gold -_- This is the digital age, not the stone age. Gold doesn't rise much and it's a terrible investment. It is just there if you have too much money and don't know what to do with it but what to diversify it so no matter how bad things get you will always have things of value to trade. It is a much better idea to invest in active projects then to buy a gold bar and sit and stare at it.

[kamilah147]

gold and cryptocurrency have in common indeed. but that is just how someone chooses between gold or crypto, so I think that the same choice is good. besides now many people turn to crypto because crypto gives a definite profit when the price increases.

now many people switch from gold to crypto because they think they want to be rich and also they think the future of crypto will be bright

[ck343]

Wow, these gold bugs really hate Cryptocurrency with a passion. I was a gold bug myself years ago. I would visit a gold site called kitco and read all the threads about metals and a return to a gold standard. It was there, on the kitco site,  that I first heard of bitcoin. Being young and only slightly invested in metals , I found it easy to switch to bitcoin. I’d imagine if I had been older and more heavily invested in gold, I’d most likely been jealous and hostile toward something that could threaten my investment like bitcoin.
Anyway I stumbled onto the site recently, and was surprised to find a Cryptocurrency section. Then I read a few of the threads.the section clearly isn’t there to educate or inform anyone about Cryptocurrency. It’s just a lot of fud. Nearly every post is about something negative. I thought gold and cryptocurrency people had more in common.    I am still into metals, though if I have any extra funds , every single penny goes to crypto, not wasting it on metals anymore. Crypto is the future.

I'm a metal rather than a crypto person, but I share the disgust for some gold bugs forums.
Talking about gold-backed stablecoins, you would think to find some interest among them.
The climax of their argumentative level reduce itself to the classic If you don't touch it you don't own it.
They keep repeating it like zombies

[gentlemand]

I'm a metal rather than a crypto person, but I share the disgust for some gold bugs forums.
Talking about gold-backed stablecoins, you would think to find some interest among them.
The climax of their argumentative level reduce itself to the classic If you don't touch it you don't own it.
They keep repeating it like zombies

I don't really see the point of a gold backed stablecoin.

The main problem with a backed anything is the centralised holding of the asset backing it. Since you're going to have to make your peace with that regardless of the asset you may as well stick with the dollar. If the point of a stablecoin is stability I'd rather erase the modest amount of volatility that something gold backed would produce.

I see no reason to pointlessly lose or gain a few per cent here and there. It would be an annoyance more than anything.

[squatter]

I don't really see the point of a gold backed stablecoin.

The main problem with a backed anything is the centralised holding of the asset backing it. Since you're going to have to make your peace with that regardless of the asset you may as well stick with the dollar. If the point of a stablecoin is stability I'd rather erase the modest amount of volatility that something gold backed would produce.

I see no reason to pointlessly lose or gain a few per cent here and there. It would be an annoyance more than anything.

It's partly about the ability to easily hedge, trade and collateralize positions. If ounces of gold and barrels of oil were tokenized, they could be traded and collateralized just as easily as cryptocurrency is today instead of traders being limited to buying and selling exchange-issued futures contracts.

There may also be privacy benefits. Tokenization -- assuming the tokens are issued on a decentralized blockchain like Ethereum -- ensures the existence of secondary markets and the ability to avoid centralized exchanges and KYC. Regulations around stablecoins and cryptocurrencies (at least for now) are much more lax than those governing securities.

So, if you want to trade gold and do it away from prying eyes, this might be one avenue. It obviously doesn't solve the trust issue (it's essentially paper gold) but it brings other benefits.

[gentlemand]

It's partly about the ability to easily hedge, trade and collateralize positions. If ounces of gold and barrels of oil were tokenized, they could be traded and collateralized just as easily as cryptocurrency is today instead of traders being limited to buying and selling exchange-issued futures contracts.

There may also be privacy benefits. Tokenization -- assuming the tokens are issued on a decentralized blockchain like Ethereum -- ensures the existence of secondary markets and the ability to avoid centralized exchanges and KYC. Regulations around stablecoins and cryptocurrencies (at least for now) are much more lax than those governing securities.

So, if you want to trade gold and do it away from prying eyes, this might be one avenue. It obviously doesn't solve the trust issue (it's essentially paper gold) but it brings other benefits.

Maybe I was being too literal minded.

A gold token, why not? A gold coin as an alternative to a dollar coin for trading, I wasn't getting it.

Since gold has long gone full paper then there's no particular reason not to. It may be less offensive than full paper gold but in no way will it tempt committed gold bugs and rightly so.

[Linkkoin]

Gold price in last years did not move a lot. Considering the fact, that we have inflation and there are storage costs it is not something you can earn on anymore.
In our opinion, the only reason behind investing in those metals is if you are a prepper (but then you need to store it physically in a safe way).
Anyway - the next upcoming recession will give us a clear answer if cryptos will fully replace gold as a safe haven or not.
We bet that the majority of people here have made up their mind a long time ago.

[ck343]

I'm a metal rather than a crypto person, but I share the disgust for some gold bugs forums.
Talking about gold-backed stablecoins, you would think to find some interest among them.
The climax of their argumentative level reduce itself to the classic If you don't touch it you don't own it.
They keep repeating it like zombies

I don't really see the point of a gold backed stablecoin.

The main problem with a backed anything is the centralised holding of the asset backing it. Since you're going to have to make your peace with that regardless of the asset you may as well stick with the dollar. If the point of a stablecoin is stability I'd rather erase the modest amount of volatility that something gold backed would produce.

I see no reason to pointlessly lose or gain a few per cent here and there. It would be an annoyance more than anything.

I have no problem in trusting an institution, as long as I choose which one.
So I have no problem with centralization.

I don't share the assumption that the main point of cryptos is decentralization,
just as much as, for example, I don't share the assumption that the main point of cryptos is anonymity.

Long term, Gold is more stable than the $.
Gold can save the purchasing power of its owner much more that the $ can do.
That's the main point of preferring a gold-backed stablecoin vs. fiat


What a relief for once not having to read the "If you don't touch it ..." meme! 
Thanks gentleman

[casperBGD]

gold did not move a lot last year, but it will be different if FED starts to move interest rates lower (to cut it), then Gold will be on demand of professional investors, and it would be great to have crypto in that game as well

[bettercrypto]

Wow, these gold bugs really hate Cryptocurrency with a passion. I was a gold bug myself years ago. I would visit a gold site called kitco and read all the threads about metals and a return to a gold standard. It was there, on the kitco site,  that I first heard of bitcoin. Being young and only slightly invested in metals , I found it easy to switch to bitcoin. I’d imagine if I had been older and more heavily invested in gold, I’d most likely been jealous and hostile toward something that could threaten my investment like bitcoin.
Anyway I stumbled onto the site recently, and was surprised to find a Cryptocurrency section. Then I read a few of the threads.the section clearly isn’t there to educate or inform anyone about Cryptocurrency. It’s just a lot of fud. Nearly every post is about something negative. I thought gold and cryptocurrency people had more in common.    I am still into metals, though if I have any extra funds , every single penny goes to crypto, not wasting it on metals anymore. Crypto is the future.

Suppose to be, bitcoin and gold should not be compared. If I have these two luxurious things on earth, I will treasure both of them. Imagine, maybe someday we can see that gold and bitcoin will become valuable things in earth. I believe that crypto is future and it make sense if it will be recognized by people today.