Which will do better in this Economic Crisis ??? BITCOIN or GOLD ???

[HardFacts]

and there are no "secure investments" at the moment.

WRONG, WRONG, WRONG...  GOLD is a secure investment at the moment...   And yes there are investments that are actually going up in value, you just have to be smart enough to know what they are.

Seriously, what a dumbass statement.

Hard Facts

[HardFacts]

might you will get crazy when 1 day you saw the price got drop badly since for now the economy is struggling and bitcoins is affected on it.

That's why for now I go for gold since this is the safest commodity where we can safely store our money since the price is in stable shape.

UNTIL RECENTLY,  BitCoin was being pumped up as " DIGITAL GOLD ", there was even a huge advertising campaign touting BitCoin as Digital Gold...    That FALSE NARRATIVE sure went down the toilet quickly with BitCoins response to its first economic crisis   

Had I posted the above FACT in January, you would have all be ridiculing and dismissing it as FUD....

Hard Facts

[HardFacts]

The gold dealers do NOT, NOT, NOT have any gold to ship, that is a SHORTAGE, not a shipping delay...  Again, you are unable to comprehend grade school English. Learn the difference.

You're the one not comprehending grade school english. it literally says there's a shipping delay, not a shortage.

They do not make it super clear, but it is a SHORTAGE of Gold.  If you have doubts call them up and ask them if they have stock.  Look at every other major dealer, and see what their website says.

I am sure you are well aware that their is a shortage of Gold, but want to DECEIVE everyone here.  You seem to have no interest in the truth or reality, only in your false narrative...

Is anyone here finding physical gold in stock at a major dealer ?   In 4 pages of this thread, you are the only one DISHONEST enough to not just admit this fact.

Hard Facts

[Betwrong]

Also, your "fact" that this crisis "will last for MANY YEARS after the COVID-19 virus is cured" isn't a fact either.

Your forum name is PERFECT for you, because you are absolutely wrong     In about a year when we are in the worst economic crisis that you can imagine, Come back, and read this and tell yourself what a complete fool you were  

But realistically, fools rarely are smart enough to admit they were wrong...  You will probably find a way to rationalize to yourself that you were right, and that no one could have seen it coming...

Hard Facts

Well, I wasn't claiming I was telling the facts. You were. No one can be 100% confident about what will happen in the future, we can only talk about probabilities. And I think that in the world that has been learning how to deal with harsh situations for many years the probability of unimaginable economic crisis is very low.

Richard Feynman, a prominent physicist and the Nobel prize winner, once said: “Religion is a culture of faith; science is a culture of doubt.” And your statements here look more like religious ones. Think of it.

[ub4sure]

well two different things to compare. anyway i would vote for gold as it's more stable than bitcoin

[HardFacts]

No one can be 100% confident about what will happen in the future, we can only talk about probabilities.

You are TYPICALLY STUPID...  You are unable to look at evidence and see the outcome of actions.  I am sure everything is honestly a mystery to you.  The village idiot is always the LAST one to figure things out...

BUT, any intelligent, educated person can see exactly where this is going, and the Economic Crisis will be worse than the great depression, and last for many years.  It is economics and math...

Hard Facts

[mk4]

They do not make it super clear, but it is a SHORTAGE of Gold.  If you have doubts call them up and ask them if they have stock.  Look at every other major dealer, and see what their website says.

I am sure you are well aware that their is a shortage of Gold, but want to DECEIVE everyone here.  You seem to have no interest in the truth or reality, only in your false narrative...

Is anyone here finding physical gold in stock at a major dealer ?   In 4 pages of this thread, you are the only one DISHONEST enough to not just admit this fact.

Hard Facts

I don't even know why I'm wasting time trying to convince you, but whatever here you go. I contacted them for you. Again, we're in the middle of a freaking pandemic. Obviously deliveries are going to be delayed. And you can see clearly written that GOLD IS AVAILABLE. What the heck would I get by "deceiving" everyone anyway? I'm actually a gold bull, and I'm just stating the fact that THEY HAVE STOCK. We done now? This is going to be my last reply as it's pretty pointless already.



Now what? you're going to say that the email is fake?

[HardFacts]

Now what? you're going to say that the email is fake?

MK4,  I do owe you an apology, you were correct.

I have hand it to you, you did the research and found some GOLD   

Nice Job.

PETER SCHIFF is awesome, he is not only the smartest economist on the planet, he runs an honest and reputable business, I would send him my BitCoins in exchange for Gold any day !!!

Hard Facts

[Betwrong]

No one can be 100% confident about what will happen in the future, we can only talk about probabilities.

You are TYPICALLY STUPID...  You are unable to look at evidence and see the outcome of actions.  I am sure everything is honestly a mystery to you.  The village idiot is always the LAST one to figure things out...

BUT, any intelligent, educated person can see exactly where this is going, and the Economic Crisis will be worse than the great depression, and last for many years.  It is economics and math...

Hard Facts

I'm going to ignore your insults because I know they arise from fear and uncertainty, and I'm not here to harm you, but to help you.

I used to be like you in my very young age, so, I can give you a pro tip. Stop acting like that, the sooner, the better. You will not only gain nothing from this kind of behaviour, but you can get in big trouble because of it.

First, educate yourself, read some good books(not only by Nietzsche and Schopenhauer, that you are reading, bc being great philosophers they often harm young tender souls). And even after that's done, be modest and polite, and then you'll see that the world is not as scary as you think.

Good luck!

[pawanjain]

Firstly, Gold can be bought online and saved online in the form of stocks. There are stocks backed by gold and in our country they are called Sovereign Gold Bond. And about the comparison with bitcoin, if we talk about the long term then Bitcoin will be much valuable than gold because of it's finite supply whereas gold can be mined anytime and hence won't be that valuable in comparison to bitcoin.

[HardFacts]

Firstly, Gold can be bought online and saved online in the form of stocks. There are stocks backed by gold and in our country they are called Sovereign Gold Bond.

What you describe is NOT, NOT, NOT gold... It is well known that there are about 500 ounces of PAPER GOLD for every ounce of real gold, so what you would be buying is paper backed by nothing 

That works until confidence is lost, then it does not work and your paper is worth ZERO   

Hard Facts

[FanatMonet]

I believe that it is necessary to have physical gold, and not some bonds and so on, which, in theory, you can exchange for gold. If you rely on gold, you need to store it so that you always have access to it at any time, that is, at home. Neither in the bank, nor anywhere else, exclusively at home.

[Swordsoffreedom]

I thing bitcoin and gold are completely different things.  we cannot compare these two to each other cause both have different values. With Bitcoin, you can grow your investment but Gold can't do this. In my opinion, Bitcoin is more useful than gold to considering this period because we can use Bitcoin for many things. You know that many countries already have legalized it and many online shops take payments via bitcoin. so, if we invest on BTC, we will get a smart profit in future.

[Rengga Jati]

With Bitcoin, you can grow your investment but Gold can't do this.

Are sure that gold can't grow our investment? I don't think so. As long as the price of gold can increase, it means our investment can grow as well. But it is true that Bitcoin can make it grow better as Bitcoin value is very volatile. So, it has a chance to increase more than what gold can do.

In my opinion, Bitcoin is more useful than gold to considering this period because we can use Bitcoin for many things.

I am not sure which one is more useful but surely both are useful. You can use Bitcoin both for investment and for payment purposes, but unfortunately not in all countries in the world it is legal. While gold is legal in all countries and you can be easier to convert it to fiats. Well, for me each has advantages and weaknesses.

[camito]

FACT:   BitCoin grew up in an Economic Bubble, we are now in an ECONOMIC CRISIS that is just getting started and will last for MANY YEARS after the COVID-19 virus is cured.    BitCoins 50 % CRASH at the start of the economic crisis should worry everyone as we now know how BitCoin reacted to its first real crisis.

FACT:   Gold has gone up in value in response to the crisis, and it is virtually IMPOSSIBLE to buy gold actual gold coins now, everyone wants gold, but no one is selling.  This should clue in even the dumbest people as to where the real price is going.

NO ONE here would have predicted these facts just a few months ago.  If I had posted this in January, most people here would have been ridiculing and denying the above facts, and telling everyone to just ignore it as FUD.

THE QUESTION IS:   Is anyone here starting to figure things out yet ?  Or has reality not hit you had enough yet    Which will go up more from today:  GOLD or BITCOIN

Vote, and post your answer below.  Months pass quickly, we will look back and prove who is a wise investor, and who is a fool.

https://i.imgur.com/u6MUK2l.jpg

If we will look at reality and on the practical side, Gold is really needed these days. Especially those families which are included in the lower class and middle class. Why? Because firstly, they aren't educated about Bitcoin. And of course, they can't afford more on investing on an internet connection to be in the crypto world. But if we are to check the safety and health of individuals, it is really safer to use digital currency or crypto currency because fiat leads the list in having the likeliness of catching the virus.

But if we are to weigh between the two, they have their own uniqueness and characteristics which are different in their application. We don't have to choose one from the two but instead, make use of each one for the betterment of our investments and assets.

[Latviand]

Bitcoin is doing just fine.There's no need to compare a very volatile new asset like BTC to a very stable asset that has been used as money for thousands of years.
Gold is reserved for the central banks and institutional investors.Good luck trying to buy REAL gold coins.

That's right, bitcoin is volatile and it can go lower or higher depending on the situation or the season. They have different advantages and different functions in the economy and comparing them will not help and influence it price. BTC is also used as a store of value for so many years since 2009, and gold is older than btc that's why some people prefer to store gold rather than bitcoin. Like what' I've said, they have different importance in the economy, like bitcoin is for a digital purposes.

If you are a smart investor,then you could probably buy both Bitcoin and gold(if you can find where to buy gold) and see what happens.There's no need to choose only one option and dump the other.

Yes, if you can handle two assets like gold and bitcoin then you just need to manage and manipulate it properly so that none of these two will be loss or become useless. Stop arguing on what is the most essential and will do better in a crisis, both are profitable and will help you when you need money for your necessities. They are good to invest and you should prioritize your investment and never let it go down so that you prevent losses in your money.

[fiulpro]

I do think it is Bitcoins which is winning the argument here.
Gold have a stability ratio but at the same time during the Pandemic one can agree that the price is not well , after 2 years people are hoping that gold will hit all time high , but I do think if we think of the present moment Bitcoins despite the economic crisis and instability due to the Corona virus is still able to hit a Preety stable point in the past at the same time we are going much closer to halving and it can actually increase the prices of this asset .
Plus trading options are also better in Bitcoins .

[Zebulon Baldwin]

I agree.
But let's think of majority of ppl. Gold stays for them as kind of stability

[hermawan9416]

I think that both gold and bitcoin will cope well with the crisis. And the figures now point to this.

[pawanjain]

Firstly, Gold can be bought online and saved online in the form of stocks. There are stocks backed by gold and in our country they are called Sovereign Gold Bond.

What you describe is NOT, NOT, NOT gold... It is well known that there are about 500 ounces of PAPER GOLD for every ounce of real gold, so what you would be buying is paper backed by nothing 

That works until confidence is lost, then it does not work and your paper is worth ZERO   

Hard Facts

SGB is not the same thing. The units are measured in grams here and the minimum requirement is to buy 1 gram of bond and it's price is equivalent to 1 gram of gold. Also, you gain additional interest to hold those bonds. I consider holding SGB more than physical gold itself considering the pros and cons of SGB vs physical gold.