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

[rezakurnia66]

For some people who work in crypto, I think they will think Bitcoin is more valuable. Bitcoin trading, in my opinion, is more challenging because Bitcoin movements can go up very high. Seeing Bitcoin's potential every year the price is always increasing.

Gold, in the real world of gold, is indeed one of the very good and safer investments. In addition, people buy gold to make their appearance more interesting. But, from the price, gold is more stable.

In my view, Bitcoin will continue to be a profitable investment when compared to gold.

[Soft Lies]

Seeing Bitcoin's potential every year the price is always increasing.

How UTTERLY STUPID and OBVIOUSLY WRONG can you be ??

JAN 1 2018    BitCoin Price:   17,712  USD

Price Today:   in the 6'000's

REALLY ?  Would anyone be dumb enough to trust this guy for anything

So I purchased at 3889 in March 2020 and  this month and it is now over 7k.

[moonblocks]

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?


 

Which will be worth more? Gold is only $1,600 odd so you think Bitcoin might drop regardless of the halving or do you mean which might have the better ROI in the next twelve months?

Clearly Bitcoin will even if it drops to sub $5,000 it will still come back stronger than ever due to its unique (and yes uncorrelated) value among retail investors, professional traders, and savy institutions who are interested in emerging assets that have no direct relation to traditional markets which trades around the world twenty four seven... its a different ball game altogether

[crustycrab666]

Why choose one if both have good potential? Gold is safe heaven, legal, recognized throughout the world, its volatility is also low, while bitcoin has a large risk because of its high volatility, it needs good analysis to be able to maximize profits in investment and trading, but it is also not legal and many pros and cons. I will choose both, set aside some funds for gold, and some for use in the crypto world. High-risk high return.

[HardFacts]

so you think Bitcoin might drop regardless of the halving or do you mean which might have the better ROI in the next twelve months?

Clearly Bitcoin will even if it drops to sub $5,000 it will still come back stronger than ever due to its unique (and yes uncorrelated) value among retail investors, professional traders, and savy institutions who are interested in emerging assets that have no direct relation to traditional markets which trades around the world twenty four seven... its a different ball game altogether

Everyone already knows about it the BitCoin HALVING it is already priced into the market... BitCoin price likely to go DOWN when the Halving occurs.

Major Institutional investors are NOT, NOT, NOT investing in BitCoin.  Neither are central banks and countries investing in BitCion, but they are ALL investing in Gold.    BitCion price is much to volatile for real money to invest in it.  Are you living in a cave to not be aware this well known fact, or are you just living in a fantasy world ??

Hard Facts

[HardFacts]

I am surprised to see 8 people vote for Gold here, it shows there are more intelligent people here than one would think from the posts.   Given that there are virtually zero posts supporting gold tells me people are COWARDS, and afraid to post something they think will not be popular.   Very disappointing...

Hard Facts

[QuestionAuthority]

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

Of course they’re happily parting with it and buying more. How do terrorists buy weapons and such without spending their bitcoin?  You know, once you’ve shot a bullet and blown up a bomb you have to buy more. Also, drug addicts and junkies need a constant flow of illegal drugs. That dope don’t last forever. LOL

[whyrqa]

Today, gold is in great demand because another global economic crisis is looming, reinforced by the coronavirus pandemic.  all valuable assets fall in price, including oil, and in order to minimize their losses, many investors invest their money in gold.  this can explain the stable and increased demand for gold.  And if we talk about what will be more expensive than Bitcoin or gold, then you first need to look at the amount of gold and bitcoin that has been mined today.  according to existing data, gold is mined all over the world Until today, about 195,000 tons, and Bitcoin mined to this day 18, 37 million.  so you can compare the ratio of gold and bitcoin, namely how much bitcoin is have to per 1 kilogram of gold: 1 kilogram of gold  -  95,20 Bitcoin. 1kg Gold = 54.500$, and 1 BTC = 8680 $ (54.500$/1kg gold - 826.336$/95,20BTC). Based on this, it can be said with accuracy that gold metal is more scarce than bitcoin, and also 1 kg of gold is more expensive than one bitcoin.

[online73]

Hello everybody. I have been thinking about this issue for a long time. On the one hand, they are absolutely diverse assets, but at the same time desired in accumulation. For me, this is a very difficult question, but still I think that bitcoin will cost more. My opinion is based on the fact that the amount of gold is limited to the bowels of the earth, that is, no one knows for sure the final amount of gold. Bitcoin knows the final amount. You can talk as much as you like about the old, accepted throughout the world valuable metal, and not so widespread crypto asset, but the world is entering the digital economy, in which Bitcoin will command, with all the ensuing consequences.

[Ozero]

Today, gold is in great demand because another global economic crisis is looming, reinforced by the coronavirus pandemic.  all valuable assets fall in price, including oil, and in order to minimize their losses, many investors invest their money in gold.  this can explain the stable and increased demand for gold.  And if we talk about what will be more expensive than Bitcoin or gold, then you first need to look at the amount of gold and bitcoin that has been mined today.  according to existing data, gold is mined all over the world Until today, about 195,000 tons, and Bitcoin mined to this day 18, 37 million.  so you can compare the ratio of gold and bitcoin, namely how much bitcoin is have to per 1 kilogram of gold: 1 kilogram of gold  -  95,20 Bitcoin. 1kg Gold = 54.500$, and 1 BTC = 8680 $ (54.500$/1kg gold - 826.336$/95,20BTC). Based on this, it can be said with accuracy that gold metal is more scarce than bitcoin, and also 1 kg of gold is more expensive than one bitcoin.

I do not agree with such arguments. It is unlikely that gold and bitcoin can be compared with each other in price. We have completely incompatible objects. At first, as they say in mathematics, they need to be reduced to a common denominator, and I don’t see those yet. Rather, these objects have the exact opposite and have little in common. What will we compare with: bitcoin with a kilogram, a ton or an ounce of gold? The rarity of these compared objects also cannot serve as a common denominator. In our world there are many small groups or even single objects that have little or no value.
I did not vote here, since any of the proposed answer options will be incorrect.

[Yamifoud]

If we really care so much for our future, we have to invest more in Gold rather than of Bitcoin or any crypto.
Crypto investment is not really a safe haven, unlike Gold. Pertaining to such difference when we come into assurance, I don't think that Bitcoin will defeat Gold. It was the price that Bitcoin makes its name but seeing Gold, it is called wealthy.

But since Bitcoin has a great market value today, we should also have to take this opportunity.

[yazher]

Right now there is no doubt for gold to be more safe investment than bitcoin because of its massive liquidity and adoption throughout the world. When a Country's paper money will no longer be accepted in some country, the only thing that can help them to bounce back their economy is gold. that's why storing gold is crucial for every country out there. You can see some countries that face tribulation when they're out of any options when the United States no longer accepts their money. their national currency's price drops like that of the shit altcoins.

[South Park]

Does it really matter? What I mean is gold and bitcoin will go up in value during the next years and decades due to the economic policies that governments all around the world have taken during the last decades, it doesn't really matter which one you choose you are going to earn a lot of money with both of them, just make sure that when we see a sudden increase in the price of both you are holding enough of it to change your life, if you do that you're not going to really care that much about which one outperformed the other.

[Twentyonepaylots]

If we really care so much for our future, we have to invest more in Gold rather than of Bitcoin or any crypto.
Crypto investment is not really a safe haven, unlike Gold. Pertaining to such difference when we come into assurance, I don't think that Bitcoin will defeat Gold. It was the price that Bitcoin makes its name but seeing Gold, it is called wealthy.

Yeah I think, what we are doing right now is a very risky by relying our financial future to cryptocurrency which acts like a bungee rope and we do not know when the rope is going to snapped. We have been talking about gold and bitcoin for ages, before the bitcoin comes in there was gold that is valued through its metal composition and define its intrinsic value. Bitcoin on the other hand is thick bubble.

But since Bitcoin has a great market value today, we should also have to take this opportunity.

What we have now is an opportunity, yes, because bitcoin is volatile and we can make profit out of it.

[BlackHatCoiner]

What will be worthier in 2100? I put my lifesavings on bitcoin about that. I hope my grandchildren will live a rich life. 

Well in 2100, only 0.00000596BTC will be generated per block, meaning 0.00085830BTC per day.

If I wanted to save money on a safe place, then the priceless gold would be my choice. It almost never loses value. With bitcoin tho you can lose fortunes within a month.

[Leviathan.007]

Depending on your personality and your mind you need to chose your way,
Bitcoin is growing rapidly but it's always counts as high risk investment.
But, in the other hand golds is a safe haven our grandfathers believed on it and so their grand fathers the price is rising slowly but this always rising in long term. But it's not like investing on gold is super safe because if you buy physical gold there is the risk of someone stealing all your investments. However, by tokenization gold and some other valuable metals the problem is getting solved by still there is nothing called super safe investing.
Generally, if you are looking for long time and low risk investment go for gold. But, if you don't have any problem with high risk investment and your investment worth changing by the price all the time you can start investing on gold after investigation about it.

[Taskford]

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?


 

gold is safe for so long but as technology grow every second everything change so fast and its not that far we see bitcoin more powerful than gold or anything else.it takes time also .maybe 3/4 years until we see true power of crypto and blockchain.

No doubt gold is safe but if  we talk  about the profitability bitcoin will stand out among this comparison since we all know how good bring up with bitcoins and for several years there   are so many people  earning with it. In relevance I think gold is much stronger since the demand of bitcoins is not quite high as gold since if we talk about global economy for sure many prefer to have gold than bitcoins.

[bearexin]

Why don't you just focus on one and stop jumping from one place to another comparing things that are different to each other in lots of ways? After the halving, haven't you seen that Bitcoin has been increasing in price? The price went up to $9700 plus and has been above $9000 since today.

Gold is also growing, but you should be focusing on just one and stop confusing yourself with all of them, unless you have plans to invest in the two of them as a way to diversify your money. It's all up to you. They are all a good investment. I have invested in gold before and then the platform which I was investing in decided to merge with another company, and around then I got to know about Bitcoin and started to invest in it.

[kezinaur14]

I want to see bitcoin and gold will be worth in the future

So far, gold becomes stable than the other wealth component, and many people choose gold as their investment. But now, they can invest in bitcoin if they want, and they can have a chance to make a big profit if they can invest in both gold and bitcoin.

But we don't know which will be worth in the future.

Sorry, I just find this thought experiment very funny:

"1 bitcoin = XYASASDQJW"

but then what's the price of 1 gold? This isn't minecraft lol, how can we quantify a equal amount of gold to BTC? 1KG seems arbitrary, is there 21m kg of gold in the world? Less? What's a proper measure to compare it to, then? Otherwise it's always apples to oranges kinda comparison.

[Sadlife]

Gold is considered the safest asset out there in terms of inflation because the total market cap cannot be printed but it has disadvantage such as, its hard to transfer even take 3-5 days depending on location and you need to pay expenses with transportation and storing it which is costly.
But Bitcoin on other hand makes life so much easier with its instant transaction, low fees and quantitative tightening. I say its much superior than Gold.