Gold quickly becoming more scarce. Which will be worth more, Bitcoin or Gold?

[KrisAlex18]

Gold selling out, private persons are going to have trouble taking delivery:
https://newsroom.proaurum.de/pro-aurum-schliesst-edelmetall-shop-vom-23-bis-einschliesslich-25-maerz-2020/
 
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/edelmetalle-mangelware-gold-nachschub-aus-der-schweiz-geraet-ins-stocken/25672404.html?ticket=ST-511794-2IgeAmgrQz4Q730T9Yxt-ap1

Refineries in Switzerland melt 70% of all gold, all are shut down:
https://www.aargauerzeitung.ch/wirtschaft/schweiz-schmilzt-das-gold-der-welt-die-groessten-raffinerien-sind-hier-129626667

https://goldswitzerland.com/swiss-gold-refiners-cease-production-end-of-paper-market/


Limited supplies and great demand can drive prices very high. Which will be worth more in a year, Bitcoin or Gold?


 

Actually both bitcoin and gold are essential things, but I don't think that they should be compared to each other because they are differ in purposes. Bitcoin are used through online, we can also acquire it online, it started in the year of 2009 while gold is in the nature, it existed since ages and used in real life.

Based on my understanding, if both things differ from its purposes it cannot be compared because there would be bias that may happen because of different purposes, usage and nature.

Both are important, they have an essential value that may help us in our daily lives.

[madhavsinghrajput]

Gold is up here.It is one of the most valuable metal in the world.
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
This is the year by year growth of gold since 2000 and in 2019 the price of gold has increased by 18.83% which is the most since 2000.
In 2020 itself the year open price of gold was 1583.5$ and now it is 1629$.Despite of such heavy recession the gold has recovered faster then any other commodity or equity.The gold are for long investment and so are bitcoin but comparing bitcoin with gold is not fair and should be avoided as both are from different field.

[AniviaBtc]

Gold in existence - since ages
Bitcoin in existence - 11 years running

If you still want to compare gold with bitcoin, it's upto you! Gold has been used by the banks worldwide to keep as a cash equivalent for unforeseen times. Bitcoin is not yet adooted by banks for any such reasons.

Looking at the current situation, Gold stays way ahead than bitcoin or any other cryptos to be considered as a safe heaven. Hope you have got your answer.

For me, gold is much better and it will never become outdated because of its ability to store its value in the market. Gold is also a good for investment and it is for a long term business so that after a long long time you will still have the amount of money that you've invested. Most of our elder family members such as grandmother or grandfather, they still have the gold that they've store for years so that the future generation which is now, they will benefit on what they kept for a long period of time. Bitcoin is also good but its volatility is the one who destroy its reputation as a store of value. So that it is not useful for a long term, and needs to be manipulated properly depending on its price so that you'll have a profit from it. Bitcoin is seasonal while gold is for a long term investment.

[geegaw]

Gold in existence - since ages
Bitcoin in existence - 11 years running

If you still want to compare gold with bitcoin, it's upto you! Gold has been used by the banks worldwide to keep as a cash equivalent for unforeseen times. Bitcoin is not yet adooted by banks for any such reasons.

Looking at the current situation, Gold stays way ahead than bitcoin or any other cryptos to be considered as a safe heaven. Hope you have got your answer.

For me, gold is much better and it will never become outdated because of its ability to store its value in the market. Gold is also a good for investment and it is for a long term business so that after a long long time you will still have the amount of money that you've invested. Most of our elder family members such as grandmother or grandfather, they still have the gold that they've store for years so that the future generation which is now, they will benefit on what they kept for a long period of time. Bitcoin is also good but its volatility is the one who destroy its reputation as a store of value. So that it is not useful for a long term, and needs to be manipulated properly depending on its price so that you'll have a profit from it. Bitcoin is seasonal while gold is for a long term investment.

Well, Bitcoin is really a kind of seasonal investment, we can see the change of bitcoin with each milestone, sometimes very low, sometimes very high, it takes a lot of calculations from investors to make a complete profit and not lose with bitcoin, and it may be outdated in the future. While gold is like you said, its obsolete status is very low as it is still a form of showing wealth to the present time, it's really a form of long-term investment, so when comparing the value in the future, gold will probably slowly touch and surpass the value of bitcoin.

[KonstantinosM]

Well, clearly gold has a bigger market cap. However, gold won't have the lightning network, and you can't cut 0.2 grams of gold and send it over the internet. And you can't easily make sure that your gold or the gold you're trying to receive is authentic.

Also you can't create copies of your gold stash that are password protected and just a  useless piece of paper to those without the proper passwords.


Bitcoin is infinitely more valuable by weight than gold. So the value density of bitcoin, is higher than gold's ever could be.

One of the advantages of gold was portability, you didn't have to carry a cow, or a lot of silver to trade. With bitcoin, you only need your cellphone which you'd be carrying anyway, in fact you don't really need to carry anything anywhere if you do things right.



By total worth gold's market cap will probably dwarf bitcoin for a few more years still, but I don't expect that to last forever.

[HardFacts]

However, gold won't have the lightning network, and you can't cut 0.2 grams of gold and send it over the internet. And you can't easily make sure that your gold or the gold you're trying to receive is authentic.

Bitcoin is infinitely more valuable by weight than gold. So the value density of bitcoin, is higher than gold's ever could be.
 

WRONG, WRONG, WRONG

1.  BitCion has no weight, it is NOTHING, that is part of the problem.   BitCoin is Digital Gold ?? anyone want to buy my Digital House ??  My Digital House is infinitely more valuable by weight than a real house      Any rational person would see the STUPIDITY if the above statements ??

2.  Yes you can use gold for payment, and send it over the internet, just like a credit card and much easier and faster than BitCoin.  www.goldmoney.com     Never listen to someone like KonstantinosM that likes to talk a lot but knows nothing.

3.   ZERO central banks, Countries, and real money are investing in BitCion, but they are getting all the gold they can possibly can buy.  Those in power know what the best strategy is.   Given BitCions price CRASH in response to its first economic crisis should worry you guys.

Hard Facts

[In the silence]

Everybody knows that bitcoin will replace gold, but not entirely that is why its called digital gold, because of its scarcity.

Bitcoin and gold need each other in the future as bitcoin cannot be physically held, In the near future we will see that Bitcoin will be on top of all the assets.

[HardFacts]

Bitcoin and gold need each other in the future as bitcoin cannot be physically held, In the near future we will see that Bitcoin will be on top of all the assets.

WRONG:   The LIE of BitCoin as " Digital Gold " has been exposed when the price of BitCoin price CRASHED in its first crisis.

Keep living in your fantasy world, and ignoring reality.  You will deserve exactly what you get 

Hard Facts

Bitcoin and gold need each other

UTTER STUPIDITY.   This is actually a special kind of STUPID 

Gold has existed for over 5000 years without BitCoin, gold does not " NEED " bitcoin.   

If you listen to stupid people, you will deserve the consequences you get.

Hard Facts

[QuestionAuthority]

Gold selling out, private persons are going to have trouble taking delivery:
https://newsroom.proaurum.de/pro-aurum-schliesst-edelmetall-shop-vom-23-bis-einschliesslich-25-maerz-2020/
 
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/edelmetalle-mangelware-gold-nachschub-aus-der-schweiz-geraet-ins-stocken/25672404.html?ticket=ST-511794-2IgeAmgrQz4Q730T9Yxt-ap1

Refineries in Switzerland melt 70% of all gold, all are shut down:
https://www.aargauerzeitung.ch/wirtschaft/schweiz-schmilzt-das-gold-der-welt-die-groessten-raffinerien-sind-hier-129626667

https://goldswitzerland.com/swiss-gold-refiners-cease-production-end-of-paper-market/


Limited supplies and great demand can drive prices very high. Which will be worth more in a year, Bitcoin or Gold?


 

Ask Cypherdoc that question. He could have given a two page breakdown of every aspect.

[HardFacts]

Ask Cypherdoc that question. He could have given a two page breakdown of every aspect.

If you want to know about BitCion and Gold, just listen to PETER SCHIFF, he is all over YouTube.   His Economic forecasts, and the Federal Reserve's response to the Economic Crisis have been SPOT ON.    If you want a self reinforcing bubble that makes you " feel good " listen to a bunch of your fellow " believers " here.    Just like any good Cult living in a DELUSION, cult member's only want to hear from their fellwo cult members and reject all facts until reality literally punches them in the face and knocks them out...

Hard Facts

[rambogoham1]

Gold selling out, private persons are going to have trouble taking delivery:
https://newsroom.proaurum.de/pro-aurum-schliesst-edelmetall-shop-vom-23-bis-einschliesslich-25-maerz-2020/
 
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/edelmetalle-mangelware-gold-nachschub-aus-der-schweiz-geraet-ins-stocken/25672404.html?ticket=ST-511794-2IgeAmgrQz4Q730T9Yxt-ap1

Refineries in Switzerland melt 70% of all gold, all are shut down:
https://www.aargauerzeitung.ch/wirtschaft/schweiz-schmilzt-das-gold-der-welt-die-groessten-raffinerien-sind-hier-129626667

https://goldswitzerland.com/swiss-gold-refiners-cease-production-end-of-paper-market/


Limited supplies and great demand can drive prices very high. Which will be worth more in a year, Bitcoin or Gold?


 

Regarding the poll. Are you saying 1 Bitcoin worth more or 1 ounce of Gold worth more against USD?

[pooya87]

3.   ZERO central banks, Countries, and real money are investing in BitCion,

that is a HUGE advantage that bitcoin has. every time banks enter something they corrupt the hell out of it and ruin it forever. the fact that "zero" central banks have entered bitcoin is a very positive sign and it is mainly because they can not control nor corrupt bitcoin ever thanks to its decentralization which has made bitcoin a lot more valuable than anything else.

[Maestro75]

Gold in existence - since ages
Bitcoin in existence - 11 years running

If you still want to compare gold with bitcoin, it's upto you! Gold has been used by the banks worldwide to keep as a cash equivalent for unforeseen times. Bitcoin is not yet adooted by banks for any such reasons.

Looking at the current situation, Gold stays way ahead than bitcoin or any other cryptos to be considered as a safe heaven. Hope you have got your answer.

You point goes t show that bitcoin will be worth more than gold once mass adoption by more countries and governments is achieved. Bitcoin is highly limited in supply compared to the total world population. Any vital news in the favour of bitcoin always kicks the price up. And this we are going to see once this epidemic is over. Watch and see.

[XCANA]

In my little way, Bitcoin will be more worthy than Gold few years to come because, the said Bitcoin is still revolving while gold has been there for ages and been used by many individuals across the globe. Bitcoin has just spent some few years on it existence and shouldn't be use to compare gold and others. But in my own believe, the worthiest among all the types of money or means if money will be Bitcoin and not even gold as many have been speculating.

[Wind_FURY]

Ask Cypherdoc that question. He could have given a two page breakdown of every aspect.

If you want to know about BitCion and Gold, just listen to PETER SCHIFF, he is all over YouTube.  

Peter Schiff is a gold bug, and biased. Of course he wants to shill you his shiny-coins.

His Economic forecasts, and the Federal Reserve's response to the Economic Crisis have been SPOT ON.

Then BUY Bitcoin.

If you want a self reinforcing bubble that makes you " feel good " listen to a bunch of your fellow " believers " here.    

If Bitcoin is a bubble, then gold is a bubble. They started both as Natural Ponzis.

Just like any good Cult living in a DELUSION, cult member's only want to hear from their fellwo cult members and reject all facts until reality literally punches them in the face and knocks them out...

Bitcoin doesn't care.

[HardFacts]

Bitcoin is highly limited in supply compared to the total world population. Any vital news in the favour of bitcoin always kicks the price up. And this we are going to see once this epidemic is over. Watch and see.

Simply Being Scarce does NOT, NOT, NOT give something value.  There have only been 1000 crypto " Hard Facts Coins " created, so given your logic, they should be worth 10,000,000 dollars each   

The Corona Virus is NOTHING compared to the ECONOMIC CRISIS that will last for many, many years.   Given how BitCoin has reacted to its first economic crisis, I expect its price will go down to near zero.


Hard Facts

[Sadlife]

Gold and Bitcoin have equal standing when it comes to scarce supply and the value could not be manipulated by banks.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.

[Wind_FURY]

Bitcoin is highly limited in supply compared to the total world population. Any vital news in the favour of bitcoin always kicks the price up. And this we are going to see once this epidemic is over. Watch and see.

Simply Being Scarce does NOT, NOT, NOT give something value.  There have only been 1000 crypto " Hard Facts Coins " created, so given your logic, they should be worth 10,000,000 dollars each   

Of course not. Bitcoin has value because it's more than "just being scarce".

The Corona Virus is NOTHING compared to the ECONOMIC CRISIS that will last for many, many years.   Given how BitCoin has reacted to its first economic crisis, I expect its price will go down to near zero.

In that situation, what should you do if the government imposes that everyone should give up gold, money, and all physical property?

HODL.

[HardFacts]

Gold and Bitcoin have equal standing when it comes to scarce supply and the value could not be manipulated by banks.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.

WRONG, WRONG, WRONG...

You can not buy Gold right now, everyone wants it and no one is selling.  What do you think that will do to the price ( Grade school level question here ).

You can buy BitCoin all day long at about 1/2 price since the economic crisis started.   No matter how much you may wish it was not true, more people are happily parting with their BitCoin than their gold 

WISE UP...

Hard Facts

[Soft Lies]

Gold and Bitcoin have equal standing when it comes to scarce supply and the value could not be manipulated by banks.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.

WRONG, WRONG, WRONG...

You can not buy Gold right now, everyone wants it and no one is selling.  What do you think that will do to the price ( Grade school level question here ).

You can buy BitCoin all day long at about 1/2 price since the economic crisis started.   No matter how much you may wish it was not true, more people are happily parting with their BitCoin than their gold  

WISE UP...

Hard Facts

https://goldprice.org/spot-gold.html

This chart says the highest price for gold since March 1 2020  was on march 8th  it was 1674  gold is now 1580 on march 31st.

Btc since march 1 went from a high of  9100 to a low of 3850 back to 6424 add to this that for a miner  a 15% difficulty adjustment happened which makes getting coins 15% cheaper if you mine. 

So for a miner   that invested on march 13th the  earning have increased from 3850 a coin to 6424 a coin  and the cost of mining the coin has dropped 15%.  Seems to me that is a win for a mining investment over most other types of investments.

I do agree with you that gold is doing better then some stocks.  But once again you are practicing soft lies about BTC.

Also if you purchased btc on the dip you went from 3850 to 6424.