Central banks and financial instutions selling gold to retail to buy crypto

[JayJuanGee]

Gold cant be called useless but its not always going to be useful in liquidity.  This is why I keep arguing for a variety of assets even in currencies not one singular view, one absolute and all other alternatives must be wrong.

If a person is brand new to investing, or perhaps has ONLY been investing for 4 years or less, then there may well be no justification to diversify beyond bitcoin and cash.  there is no reason to diversify for the mere sake of diversifying. 

Surely if a person has more capital then they might choose to diversify beyond bitcoin and cash, yet we cannot presume that many guys here have been investing for a significant amount of time to justify any kind of need for diversifying.

Of course, you have been registered in on the forum for a nearly a year longer than me, so surely it is possible that you have been building up your investment portfolio during that time and you might have some needs (or justifications) for diversifying beyond bitcoin and cash.

When I started investing in bitcoin in late 2013, I had already been investing in various other traditional assets, so I came to bitcoin while already having some diversification (at least I had some index funds  and property and those sorts of things), yet even when I came to bitcoin I was looking for an investment to hedge against my fiat denominated investments, and I had considered gold, yet I considered bitcoin to be better than gold... yet accomplishing a similar kind of a hedge... so in other words, I considered that I did not need to invest in both since bitcoin served the function that gold would have had served.. At least that was the way that I thought about the matter... and yeah, guys can come to differing conclusions, while at the same time, I doubt that the investment case for gold has gotten any stronger, especially relative to bitcoin. 

It seems that the investment case is better for bitcoin over gold, and surely if guys want to invest in both (or they believe it is justified to invest in both) then hopefully they are not a beginner who ends up diluting his investment capital because in some cases there would be no justification to invest in both.

  The perspective there can only be only one is best saved for some movie blockbuster theme perhaps but normal commerce is about liquidity and ease of trade,

You have been bitcoin for more than 12 years and you still don't understand the "only one" idea in which the strongest of monies tend to attract the value, and so even though the value might not completely gravitate into bitcoin and perhaps there is not a winner take all, but there still will likely be a winner take most, even though it may well take 50 to 200 years to play out.

the ease of which deals occurs where and when will vary by many factors and so too the currency most useful to enable those trades.

Sure right now we have several currencies and the dollar has been dominant for 50 years or so, yet the dollar may well be losing its strength and more and more value may be gravitating into bitcoin... sure other inferior currencies are likely to continue to exist, yet that does not signify that anyone should invest in them or hold them..... and it justifies the exact opposite in which if a person has exposure to any of the inferior currencies he should spend the inferior ones first and hold onto the most valuable of them, and sure there will be asymmetric information and some folks will not realize that bitcoin is the most superior of all of the currencies, so folks will hold onto more shitty currencies and even believe that they will appreciate in value as well as bitcoin, yet those guys will likely be losing relative to the guys who choose to primarily allocate to bitcoin at least in terms of their longer term holdings.

  Clearly Bitcoin should be succeeding in this online and newer digital sectors of trade but I presume nothing; gold will have its place also and as always gold is sold when needed to fund other trades so too is Bitcoin sold quite often at times to fund other deals.

Hopefully, for your own good you are not fucking around with gold in terms of holding any more than 10% the size of your bitcoin holdings, yet sure, you are free to do whatever you like, even making bad choices is up to you and you can live with the consequences.  Each of us needs to decide in terms of our own holdings, whether or not we can figure out what banks, governments and/or status quo rich people are doing and whether or not those other folks have the correct ideas in regards to how much bitcoin to hold versus other assets, such as gold or any other inferior money product and/or asset.

In a closed-loop monetary system, gold served its purpose. But now that sending value is digital, programmed, and trackable, it's clear they want crypto. You need control, speed, and fluidity. Retailers buy nostalgia, while institutions buy protocol

Hopefully folks are not so retarded as to want crypto (or shitcoins), and folks are able  to figure out that bitcoin is the superior place to put value (time and energy) and to hold such value (time and energy) in bitcoin rather than in shitcoins and/or crypto.

Gold for Bitcoin is a rotation of narrative, a soft shift in the way people think about assets. Bitcoin is quickly becoming the new form of security, and it is built to be transparent. Gold? Still not clear and still easy to change

The BRICS use physical items to trap narratives, while the West trades illusions. But maybe each is giving different illusions on different classes. This might not be a matter of gold vs. crypto. That might be why we keep looking for store-of-value narratives instead of making systems that don't need hoarding at all

Of course, your point about the verification of the supply and the auditing of whether institutions or governments have the gold that they claim to have, that would be good.  It is easier to verify with bitcoin, yet at the same time, games to attempt to hide values is going to continue to happen, and perhaps if some folks (institutions and/or governments) are not showing that they hold the bitcoin that they claim to have, then other folks will lose confidence in their having the bitcoin that they claim to have.  We also might lose faith in third-parties to hold our bitcoin if they are not being transparent with us about the bitcoin that they have, and we may well choose to prefer self-custody over third-party custody.

[CageMabok]

...

There certainly seem to be a shift happening with how institutions evaluate gold versus crypto. Crypto delivers transparency and worldwide liquidity that gold just can't match in the digital era but I still think gold maintains value as a hedge and a physical asset, Banks moving into crypto makes sense strategically but I wouldn't rule gold out totally just yet.

There is also a digital version of gold so anyone can buy gold digitally and physically like buyers of the past and the banks moving into crypto is really part of the banks’ own awareness of Bitcoin so banks are starting to make decisions that are surprising to many people because maybe the banks have been very impressed with the transparency system in Bitcoin. So this could be a breakthrough for banks because previously banks didn’t really like Bitcoin, but in the end they also had to admit that the system in Bitcoin is the best and they are starting to want to move to it.

[JayJuanGee]

...

There certainly seem to be a shift happening with how institutions evaluate gold versus crypto. Crypto delivers transparency and worldwide liquidity that gold just can't match in the digital era but I still think gold maintains value as a hedge and a physical asset, Banks moving into crypto makes sense strategically but I wouldn't rule gold out totally just yet.

There is also a digital version of gold so anyone can buy gold digitally and physically like buyers of the past and the banks moving into crypto is really part of the banks’ own awareness of Bitcoin so banks are starting to make decisions that are surprising to many people because maybe the banks have been very impressed with the transparency system in Bitcoin. So this could be a breakthrough for banks because previously banks didn’t really like Bitcoin, but in the end they also had to admit that the system in Bitcoin is the best and they are starting to want to move to it.

Does it help to proclaim that there is a digital form of gold, when that is not true?

Sure, there has been various gold representations that would be claims on gold, but they are not actual gold because gold is not digital, there are likely hundreds of claims on each ounce of physical gold, and these have been ways to manipulate the gold for decades, since it is also much more difficult to claim possession of the actual physical gold, which is physical not digital.   How easy is it to move $100 million worth of gold around as compared with moving $100 million worth of bitcoin?

Bitcoin's being digital by nature brings it advantages, especially in the transportability sense, yet also in almost all aspects of money except for the tangibility sense, which surely we are figuring out that the tangibility aspect of moneyness is not as important as some folks would like to proclaim it to be, since it is even difficult to verify that the physical thing that we hold is actual gold rather than fake gold, and sure there are likely already markets that make more bitcoin representation than actually exist by making multiple claims on the same bitcoin, so in that regard there are going continue to be attempts to manipulate bitcoin's supply, even though bitcoin is easier to take possession of than gold.. there are still a lot of folks who choose not to take possession of their claims on bitcoin and they allow their bitcoin to be held with third parties who are not necessarily being transparent in regards to what they are doing with the bitcoin that they claim to have.

We will see the extent to which bitcoin ends up being manipulated in the future and/or the extent to which actions are taken by bitcoin users to either take possession of their coin or to verify that the actual claims about existing bitcoin are reflective of the quantity of bitcoin that are held by the one claiming to have possession of those bitcoin (the private keys).

[Ruttoshi]

I don't think so, most of the countries are keeping or buying more gold. Only a few sells

Nice seeing another unbiased person who says it as it is, unlike people with Trump's character who would blatantly lie about the obvious. They should prove how this is real/impactful when Gold is still retaining almost all the trillions of dollars it has gained in the past 1 year. Talk is cheap, however, they should know that Gold is a national treasure that most countries, if not all, have tested for centuries and trusted. So they will now sell it to buy Bitcoin when no country has even actualised their talked-about strategic Bitcoin reserve? That's laughable!

No one is saying that any government should sell part of their gold to buy bitcoin because if that government is serious and understands that exponential growth in bitcoin value, they will gladly set up a bitcoin strategy reserve and buy with as little as 5% of the country's funds to save gaurd the value of their wealth in bitcoin that's a fast growing asset in value.

Gold has been in existence before the birth of Jesus Christ so why wouldn't it gain fame and possess the kind of value it has now and gain more confidence of the people because it has proven to be an edge to inflation. However, bitcoin is just 16 years old but look at how massive it has grown in value due to the potential it has, to the point that it has been tested as a store of value over time.

Do you know that currently the price of 1kg of gold = 1btc at when bitcoin price was $102k+. Bitcoin will create a new ATH in this circle and the price of 1btc >1kg of gold. Let's check this out, it means that in 10years time 1btc will be 5kg of gold. Have you seen the reality that in future which nobody knows when but due to the rate of adoption of bitcoin, bitcoin and gold will be of the same market cap. You need to see the vision just like the early investors in bitcoin saw the vision of how bitcoin price will be in six digits now.

[Spaceman1000$]

Retail buying gold and banks selling them to buy crypto.
Gold is useless for banks in the new financial system gold is not corruption free like btc or crypto there is no actual track of gold how much gold is minted and controlled so bankers don't need gold they need btc and crypto.
Retail buying gold so bankers selling gold and buying crypto.
The biggest secret is that banks buying crypto a lot not gold the gold is for retail buyers.

Even If gold have utility and use case then corporations want to buy gold for cheap off course they do that when gold crashing while btc and crypto will go up.
All this gold shilling what's going on is just for bankers to get rid of their gold and buy btc you see brics nations buying up gold so that gomex of western countries can use gold futures to manipulate gold price up without even buying gold with eur usd or gbp currency.

Gold now is biggest dump project on the silly retail traders with the help of india and china together with wall street and western bankers.

(G)OLD for me is in the old order of investment, for this current generation and in the of reality of today gold doesn't cut the short that much, the value to which cryptocurrency is growing across the world, the pace cannot be compared to gold, as cryptocurrency is on a higher frequency and adaptability amongst the young generation across the length and breadth of the Earth. People are used to gold and they've seen how far it has gone, people want something new and flexible and cryptocurrency has all the features investors are looking for. how acceptable is gold to the younger generation compared to cryptocurrency. So the banks know what they are doing and are investing wisely.

[JayJuanGee]

I don't think so, most of the countries are keeping or buying more gold. Only a few sells

Nice seeing another unbiased person who says it as it is, unlike people with Trump's character who would blatantly lie about the obvious. They should prove how this is real/impactful when Gold is still retaining almost all the trillions of dollars it has gained in the past 1 year. Talk is cheap, however, they should know that Gold is a national treasure that most countries, if not all, have tested for centuries and trusted. So they will now sell it to buy Bitcoin when no country has even actualised their talked-about strategic Bitcoin reserve? That's laughable!

No one is saying that any government should sell part of their gold to buy bitcoin because if that government is serious and understands that exponential growth in bitcoin value, they will gladly set up a bitcoin strategy reserve and buy with as little as 5% of the country's funds to save gaurd the value of their wealth in bitcoin that's a fast growing asset in value.

Even though you are correct that governments (and/or central banks) need not allocate a lot to bitcoin in order to potentially profit stupendously, there are folks asserting that governments and central banks should sell their gold to buy bitcoin.  If we already know that gold is losing value relative to bitcoin, then there can be all kinds of ways to consider reallocation to bitcoin and largely divesting from gold, and we would not even need to agree upon those various ways since even governments/institutions who choose such path of reallocating to bitcoin and divesting from gold are not going to come to similar conclusions regarding how to do it, and some will profit more from their potentially being more aggressive in their reallocation from gold into bitcoin, no matter how they choose to do it.  On a practical level, it hardly makes sense to proclaim that governments should hang onto their gold and just buy additional bitcoin with any new revenue.. that seems overly whimpy to me, even though for sure there are going to be plenty of governments/central banks that choose either overlywhimpy approaches or even choose to stay no coiners and/or low coiners, just like individuals are also making those kinds of choices to hang onto relic ideas and/or fail/refuse to recognize the value and/or power of bitcoin as a place to put time, energy and value.

Gold has been in existence before the birth of Jesus Christ so why wouldn't it gain fame and possess the kind of value it has now and gain more confidence of the people because it has proven to be an edge to inflation. However, bitcoin is just 16 years old but look at how massive it has grown in value due to the potential it has, to the point that it has been tested as a store of value over time.

You seem to be contradicting yourself with a desire to stick with a "why not both" proclamation, and sure gold is not going to die right away, but it does not mean that it is a good place to stay invested, perhaps beyond 10% of an investment portfolio (at most), whether we are talking about governments/central banks, institutions and/or individuals.

Do you know that currently the price of 1kg of gold = 1btc at when bitcoin price was $102k+. Bitcoin will create a new ATH in this circle and the price of 1btc >1kg of gold. Let's check this out, it means that in 10years time 1btc will be 5kg of gold. Have you seen the reality that in future which nobody knows when but due to the rate of adoption of bitcoin, bitcoin and gold will be of the same market cap. You need to see the vision just like the early investors in bitcoin saw the vision of how bitcoin price will be in six digits now.

Perhaps a better presentation is to show that bitcoin continues to catch up to gold's market cap.


https://tradingdifferent.com/dashboard/bitcoin-vs-gold

Between 2017 and 2020, bitcoin was largely bouncing around 0.5% to 2.5% of gold's market cap, yet from 2021 to now, bitcoin has been largely bouncing between 3% and 10% of gold's market cap, and there is no reason to conclude that the upward trend of bitcoin gaining more and more of gold's market cap is not going to continue... which surely we could have equal market caps and even bitcoin becoming 10x or more of gold's market cap within the next 6 months to even draging out to 10 to 15 years.

Surely it can be hard to know going forward how the change will continue to occur, including if it could take 50-200 years for bitcoin to reach 1,000x gold's market cap...  yet we should still be able to recognize and appreciate the direction of the trend.

Retail buying gold and banks selling them to buy crypto.
Gold is useless for banks in the new financial system gold is not corruption free like btc or crypto there is no actual track of gold how much gold is minted and controlled so bankers don't need gold they need btc and crypto.
Retail buying gold so bankers selling gold and buying crypto.
The biggest secret is that banks buying crypto a lot not gold the gold is for retail buyers.

Even If gold have utility and use case then corporations want to buy gold for cheap off course they do that when gold crashing while btc and crypto will go up.
All this gold shilling what's going on is just for bankers to get rid of their gold and buy btc you see brics nations buying up gold so that gomex of western countries can use gold futures to manipulate gold price up without even buying gold with eur usd or gbp currency.

Gold now is biggest dump project on the silly retail traders with the help of india and china together with wall street and western bankers.

(G)OLD for me is in the old order of investment, for this current generation and in the of reality of today gold doesn't cut the short that much, the value to which cryptocurrency is growing across the world, the pace cannot be compared to gold, as cryptocurrency is on a higher frequency and adaptability amongst the young generation across the length and breadth of the Earth. People are used to gold and they've seen how far it has gone, people want something new and flexible and cryptocurrency has all the features investors are looking for. how acceptable is gold to the younger generation compared to cryptocurrency. So the banks know what they are doing and are investing wisely.

You are quite distracted if you believe that crypto currencies are offering anything of meaning as a competitor to gold.  Perhaps if you replace your use of the term "cryptocurrencies" with "bitcoin", then you might be able to get yourself on a better track, to the extent that you understand the difference between bitcoin and crypto. Your choice to use the term crypto tends to show that you may well not really understand what bitcoin is.

[Spaceman1000$]

I don't think so, most of the countries are keeping or buying more gold. Only a few sells

Nice seeing another unbiased person who says it as it is, unlike people with Trump's character who would blatantly lie about the obvious. They should prove how this is real/impactful when Gold is still retaining almost all the trillions of dollars it has gained in the past 1 year. Talk is cheap, however, they should know that Gold is a national treasure that most countries, if not all, have tested for centuries and trusted. So they will now sell it to buy Bitcoin when no country has even actualised their talked-about strategic Bitcoin reserve? That's laughable!

No one is saying that any government should sell part of their gold to buy bitcoin because if that government is serious and understands that exponential growth in bitcoin value, they will gladly set up a bitcoin strategy reserve and buy with as little as 5% of the country's funds to save gaurd the value of their wealth in bitcoin that's a fast growing asset in value.

Even though you are correct that governments (and/or central banks) need not allocate a lot to bitcoin in order to potentially profit stupendously, there are folks asserting that governments and central banks should sell their gold to buy bitcoin.  If we already know that gold is losing value relative to bitcoin, then there can be all kinds of ways to consider reallocation to bitcoin and largely divesting from gold, and we would not even need to agree upon those various ways since even governments/institutions who choose such path of reallocating to bitcoin and divesting from gold are not going to come to similar conclusions regarding how to do it, and some will profit more from their potentially being more aggressive in their reallocation from gold into bitcoin, no matter how they choose to do it.  On a practical level, it hardly makes sense to proclaim that governments should hang onto their gold and just buy additional bitcoin with any new revenue.. that seems overly whimpy to me, even though for sure there are going to be plenty of governments/central banks that choose either overlywhimpy approaches or even choose to stay no coiners and/or low coiners, just like individuals are also making those kinds of choices to hang onto relic ideas and/or fail/refuse to recognize the value and/or power of bitcoin as a place to put time, energy and value.

Gold has been in existence before the birth of Jesus Christ so why wouldn't it gain fame and possess the kind of value it has now and gain more confidence of the people because it has proven to be an edge to inflation. However, bitcoin is just 16 years old but look at how massive it has grown in value due to the potential it has, to the point that it has been tested as a store of value over time.

You seem to be contradicting yourself with a desire to stick with a "why not both" proclamation, and sure gold is not going to die right away, but it does not mean that it is a good place to stay invested, perhaps beyond 10% of an investment portfolio (at most), whether we are talking about governments/central banks, institutions and/or individuals.

Do you know that currently the price of 1kg of gold = 1btc at when bitcoin price was $102k+. Bitcoin will create a new ATH in this circle and the price of 1btc >1kg of gold. Let's check this out, it means that in 10years time 1btc will be 5kg of gold. Have you seen the reality that in future which nobody knows when but due to the rate of adoption of bitcoin, bitcoin and gold will be of the same market cap. You need to see the vision just like the early investors in bitcoin saw the vision of how bitcoin price will be in six digits now.

Perhaps a better presentation is to show that bitcoin continues to catch up to gold's market cap.


https://tradingdifferent.com/dashboard/bitcoin-vs-gold

Between 2017 and 2020, bitcoin was largely bouncing around 0.5% to 2.5% of gold's market cap, yet from 2021 to now, bitcoin has been largely bouncing between 3% and 10% of gold's market cap, and there is no reason to conclude that the upward trend of bitcoin gaining more and more of gold's market cap is not going to continue... which surely we could have equal market caps and even bitcoin becoming 10x or more of gold's market cap within the next 6 months to even draging out to 10 to 15 years.

Surely it can be hard to know going forward how the change will continue to occur, including if it could take 50-200 years for bitcoin to reach 1,000x gold's market cap...  yet we should still be able to recognize and appreciate the direction of the trend.

Retail buying gold and banks selling them to buy crypto.
Gold is useless for banks in the new financial system gold is not corruption free like btc or crypto there is no actual track of gold how much gold is minted and controlled so bankers don't need gold they need btc and crypto.
Retail buying gold so bankers selling gold and buying crypto.
The biggest secret is that banks buying crypto a lot not gold the gold is for retail buyers.

Even If gold have utility and use case then corporations want to buy gold for cheap off course they do that when gold crashing while btc and crypto will go up.
All this gold shilling what's going on is just for bankers to get rid of their gold and buy btc you see brics nations buying up gold so that gomex of western countries can use gold futures to manipulate gold price up without even buying gold with eur usd or gbp currency.

Gold now is biggest dump project on the silly retail traders with the help of india and china together with wall street and western bankers.

(G)OLD for me is in the old order of investment, for this current generation and in the of reality of today gold doesn't cut the short that much, the value to which cryptocurrency is growing across the world, the pace cannot be compared to gold, as cryptocurrency is on a higher frequency and adaptability amongst the young generation across the length and breadth of the Earth. People are used to gold and they've seen how far it has gone, people want something new and flexible and cryptocurrency has all the features investors are looking for. how acceptable is gold to the younger generation compared to cryptocurrency. So the banks know what they are doing and are investing wisely.

You are quite distracted if you believe that crypto currencies are offering anything of meaning as a competitor to gold.  Perhaps if you replace your use of the term "cryptocurrencies" with "bitcoin", then you might be able to get yourself on a better track, to the extent that you understand the difference between bitcoin and crypto. Your choice to use the term crypto tends to show that you may well not really understand what bitcoin is.

Your correct @JayjuanGee, my postulation was in the respect of the caption as stipulated by the OP where I think he was referring to crypto with the inclusion of Bitcoin as part of it, so there was no room for specifics but however my assertion as regards to cryptocurrency growth will basically always be ascribed to bitcoin.

[Antotena]

Retail buying gold and banks selling them to buy crypto.
Gold is useless for banks in the new financial system gold is not corruption free like btc or crypto there is no actual track of gold how much gold is minted and controlled so bankers don't need gold they need btc and crypto.
Retail buying gold so bankers selling gold and buying crypto.
The biggest secret is that banks buying crypto a lot not gold the gold is for retail buyers.

I wish you can share the source of this information because this is either a poor speculationnor a lie, that's my take on it. If Banks are selling their Gold to buy crypto, we would have seen heavy demand on Bitcoin in particular or even broke the all time high by now but there is no claim of Bitcoin reducing from any centralized exchange, in addition Gold has just reach its all time high some months ago, only retail buyers can't move the historic price of Gold to a new all time high.

It possible that some Banks are buying Bitcoin but selling Gold? No or perhaps there is a particular Bank that sold the Gold reserve to buy crypto buy not Banks. If federal reserve are selling and buying crypto or buy Bitcoin since the president believes in crypto, then others might consider but if they don't, then everything becomes speculation and not really the thing happening behind the scene of the banking system.

[JayJuanGee]

You are quite distracted if you believe that crypto currencies are offering anything of meaning as a competitor to gold.  Perhaps if you replace your use of the term "cryptocurrencies" with "bitcoin", then you might be able to get yourself on a better track, to the extent that you understand the difference between bitcoin and crypto. Your choice to use the term crypto tends to show that you may well not really understand what bitcoin is.

Your correct @JayjuanGee, my postulation was in the respect of the caption as stipulated by the OP where I think he was referring to crypto with the inclusion of Bitcoin as part of it, so there was no room for specifics but however my assertion as regards to cryptocurrency growth will basically always be ascribed to bitcoin.

Personally, I believe that it is much better to use the term bitcoin, if you are referring to bitcoin, even if some predecessor had incorrectly led with ambiguity.  Sure there might be some times where the term bitcoin and crypto can be used simultaneously or the term crypto can be used to speak more broadly beyond bitcoin, yet so many times, the term crypto is used in ambiguous and/or misleading ways and even sometimes there seems to be a kind of affinity scam going on to equate shitcoins with bitcoin or to imply some kind of a relationship in order to pump some shitcoin or to denigrate bitcoin. If nothing else, at least your reader is more likely to understand what you are talking about if you are at least trying to use the term bitcoin when you are talking about bitcoin, and then to clarify the extent to which you are talking about various shitcoins in the event that you chose to use the term crypto.

I have a hard time imagining any shitcoins being close to competing with gold, especially since so many of them are highly correlated to bitcoin's performance and would hardly be able to survive if bitcoin were to cease to exist.

Retail buying gold and banks selling them to buy crypto.
Gold is useless for banks in the new financial system gold is not corruption free like btc or crypto there is no actual track of gold how much gold is minted and controlled so bankers don't need gold they need btc and crypto.
Retail buying gold so bankers selling gold and buying crypto.
The biggest secret is that banks buying crypto a lot not gold the gold is for retail buyers.

I wish you can share the source of this information because this is either a poor speculationnor a lie, that's my take on it. If Banks are selling their Gold to buy crypto, we would have seen heavy demand on Bitcoin in particular or even broke the all time high by now but there is no claim of Bitcoin reducing from any centralized exchange, in addition Gold has just reach its all time high some months ago, only retail buyers can't move the historic price of Gold to a new all time high.

It possible that some Banks are buying Bitcoin but selling Gold? No or perhaps there is a particular Bank that sold the Gold reserve to buy crypto buy not Banks. If federal reserve are selling and buying crypto or buy Bitcoin since the president believes in crypto, then others might consider but if they don't, then everything becomes speculation and not really the thing happening behind the scene of the banking system.

Your post is very confusing Antotena.  I see bitcoin prices going up in the past year, and sure Gold prices have been going up too, but it seems that bitcoin's price relative to gold (referring to the market caps) is continuing to go up, even though, sure, gold is showing some recent signs of life, but if we zoom all the way back to 2012, we should be able to appreciate that gold might have had gone up 3x or so in term of it's dollar price, yet bitcoin has gone up around 20,000x..so if you are not recognizing a wee bit of a trend, and you are merely getting caught up upon recent times (like the last 6 months) then you are likely getting distracted by noise rather than being able to recognize/appreciate the real trend..

...and yeah, sure maybe bitcoin has a bit of a disadvantage based on its being a new asset in the early stages of it exponential s-curve adoption, but at the same time, I doubt that it is reasonable to be either discounting the trend over the past 10-13 years and to merely be getting caught up upon very recent happenings, since the whole gold market (as compared with the bitcoin market) is comprised of individuals, institutions and governments, and sure there may well be one segment that is demanding more than the other, but in the end all three of those segments of the market add up in regards to the demand that is placed on gold and/or bitcoin.

[Orluemma]

Retail buying gold and banks selling them to buy crypto.
Gold is useless for banks in the new financial system gold is not corruption free like btc or crypto there is no actual track of gold how much gold is minted and controlled so bankers don't need gold they need btc and crypto.
Retail buying gold so bankers selling gold and buying crypto.
The biggest secret is that banks buying crypto a lot not gold the gold is for retail buyers.

Even If gold have utility and use case then corporations want to buy gold for cheap off course they do that when gold crashing while btc and crypto will go up.
All this gold shilling what's going on is just for bankers to get rid of their gold and buy btc you see brics nations buying up gold so that gomex of western countries can use gold futures to manipulate gold price up without even buying gold with eur usd or gbp currency.

Gold now is biggest dump project on the silly retail traders with the help of india and china together with wall street and western bankers.

Honestly, I think what’s happening with central banks and financial institutions selling gold to the public is kind of revealing. It’s not just about gold as an investment—it’s about trust.

Central banks usually guard their gold like a dragon guards treasure, right? But now, some of them are quietly allowing regular people to access tiny slices of that same gold. Coins, bars, digital tokens, gold-backed bonds whatever form it takes, the message is the same:

“We know people are worried about inflation, about weak currencies, about instability… so here’s a more solid option.”


It’s not them dumping gold or trying to get rid of it. In fact, many central banks are buying more gold behind the scenes. What they’re doing is kind of strategic—they’re giving the public access to gold as a safety valve. It’s like saying:

 “We still control the system, but if you need to protect yourself, here’s something trusted.”


To me, that’s powerful. Gold isn’t just an ancient relic anymore. It’s becoming relevant again not as the main currency, but as a quiet backup. A side-door out of a failing system.

And you can see the shift happening especially in countries with economic trouble Turkey, Zimbabwe, Nigeria, India. In those places, people don’t want to hold cash anymore. They trust gold more than their own currency. And governments are realizing it’s better to let them hold gold, in a controlled way, than to push them toward dollars or crypto.

So my take?

If you’re in a country where inflation is rising or the local currency is shaky, owning some gold makes sense—even just a gram at a time.

But be smart. Don’t just buy anything that says “gold.” Look into how it’s stored, if you can redeem it, how easy it is to sell later.

And finally this might be a sign that the world is slowly drifting away from total faith in fiat money. Not overnight, but step by step. And that’s worth paying attention to.

[JayJuanGee]

[edited out]

Honestly, I think what’s happening with central banks and financial institutions selling gold to the public is kind of revealing. It’s not just about gold as an investment—it’s about trust.
Central banks usually guard their gold like a dragon guards treasure, right? But now, some of them are quietly allowing regular people to access tiny slices of that same gold. Coins, bars, digital tokens, gold-backed bonds whatever form it takes, the message is the same:

“We know people are worried about inflation, about weak currencies, about instability… so here’s a more solid option.”
It’s not them dumping gold or trying to get rid of it. In fact, many central banks are buying more gold behind the scenes. What they’re doing is kind of strategic—they’re giving the public access to gold as a safety valve. It’s like saying:

 “We still control the system, but if you need to protect yourself, here’s something trusted.”
To me, that’s powerful. Gold isn’t just an ancient relic anymore. It’s becoming relevant again not as the main currency, but as a quiet backup. A side-door out of a failing system.

And you can see the shift happening especially in countries with economic trouble Turkey, Zimbabwe, Nigeria, India. In those places, people don’t want to hold cash anymore. They trust gold more than their own currency. And governments are realizing it’s better to let them hold gold, in a controlled way, than to push them toward dollars or crypto.

So my take?
If you’re in a country where inflation is rising or the local currency is shaky, owning some gold makes sense—even just a gram at a time.
But be smart. Don’t just buy anything that says “gold.” Look into how it’s stored, if you can redeem it, how easy it is to sell later.

And finally this might be a sign that the world is slowly drifting away from total faith in fiat money. Not overnight, but step by step. And that’s worth paying attention to.

You don't even care if anyone gets to know you?  You just want to post bot posts?

[Samlucky O]

...

There certainly seem to be a shift happening with how institutions evaluate gold versus crypto. Crypto delivers transparency and worldwide liquidity that gold just can't match in the digital era but I still think gold maintains value as a hedge and a physical asset, Banks moving into crypto makes sense strategically but I wouldn't rule gold out totally just yet.

There is also a digital version of gold so anyone can buy gold digitally and physically like buyers of the past and the banks moving into crypto is really part of the banks’ own awareness of Bitcoin so banks are starting to make decisions that are surprising to many people because maybe the banks have been very impressed with the transparency system in Bitcoin. So this could be a breakthrough for banks because previously banks didn’t really like Bitcoin, but in the end they also had to admit that the system in Bitcoin is the best and they are starting to want to move to it.

Does it help to proclaim that there is a digital form of gold, when that is not true?

Sure, there has been various gold representations that would be claims on gold, but they are not actual gold because gold is not digital, there are likely hundreds of claims on each ounce of physical gold, and these have been ways to manipulate the gold for decades, since it is also much more difficult to claim possession of the actual physical gold, which is physical not digital.   How easy is it to move $100 million worth of gold around as compared with moving $100 million worth of bitcoin?

Bitcoin's being digital by nature brings it advantages, especially in the transportability sense, yet also in almost all aspects of money except for the tangibility sense, which surely we are figuring out that the tangibility aspect of moneyness is not as important as some folks would like to proclaim it to be, since it is even difficult to verify that the physical thing that we hold is actual gold rather than fake gold, and sure there are likely already markets that make more bitcoin representation than actually exist by making multiple claims on the same bitcoin, so in that regard there are going continue to be attempts to manipulate bitcoin's supply, even though bitcoin is easier to take possession of than gold.. there are still a lot of folks who choose not to take possession of their claims on bitcoin and they allow their bitcoin to be held with third parties who are not necessarily being transparent in regards to what they are doing with the bitcoin that they claim to have.

this line i bolded  is the more reason i love bitcoin than gold, because i have thought about how risky it is to stack a huge amount of gold in the house compared to stacking bitcoin worth of billions in wallet, also how risky is to identify if that is actually a real gold. bitcoin is easily sold at ease at the comfort of your zone with one click on exchange via p2p, but selling gold may cost a lot to transport to look for a buyer, and the risk of getting robed along the road is also possible on like bitcoin that is easy and more secured. the price of gold might be manipulated and reduced by the physical buyer to suit him especially in the location where there are no much buyers for him to make profit, but on like bitcoin the price to USDT and fiat can not be manipulated since p2p price of buyers and sellers dont have much price difference, you dont need to stress yourself. another advantage of bitcoin over gold is that in times of war or natural disaster, you dont need to be afraid of losing your bitcoin since you have the seed backed up somewhere, you might even lost access to your phone maybe being stolen or fell off to the beach, after evacuating the location all you just need is to buy a new phone and import your seed an that's just all. but if natural disaster occurs and you have your gold stacked up somewhere, you will never have rest of mind because all your gold may be lost to the disaster or being stolen by people who come across it in anyway. so in general bitcoin is more advantageous than gold. i believe many have never seen it from this angle but if they do, they will have the reason to invest more in bitcoin than gold.

[slapper]

~

this line i bolded  is the more reason i love bitcoin than gold, because i have thought about how risky it is to stack a huge amount of gold in the house compared to stacking bitcoin worth of billions in wallet, also how risky is to identify if that is actually a real gold. bitcoin is easily sold at ease at the comfort of your zone with one click on exchange via p2p, but selling gold may cost a lot to transport to look for a buyer, and the risk of getting robed along the road is also possible on like bitcoin that is easy and more secured. the price of gold might be manipulated and reduced by the physical buyer to suit him especially in the location where there are no much buyers for him to make profit, but on like bitcoin the price to USDT and fiat can not be manipulated since p2p price of buyers and sellers dont have much price difference, you dont need to stress yourself. another advantage of bitcoin over gold is that in times of war or natural disaster, you dont need to be afraid of losing your bitcoin since you have the seed backed up somewhere, you might even lost access to your phone maybe being stolen or fell off to the beach, after evacuating the location all you just need is to buy a new phone and import your seed an that's just all. but if natural disaster occurs and you have your gold stacked up somewhere, you will never have rest of mind because all your gold may be lost to the disaster or being stolen by people who come across it in anyway. so in general bitcoin is more advantageous than gold. i believe many have never seen it from this angle but if they do, they will have the reason to invest more in bitcoin than gold.

Bitcoin is the first asset that does not care about your physical strength, where you are, or even the trustworthiness of your moving crew. It’s a pure distillation of value and agency. A few words of a string, learned or stored, and the vault is in your head. The old issue of "how to preserve my riches when the world is burning" has become digital. You speak of war and catastrophe. Consider the news in Ukraine, Iran, Israel. Tangible property get stuck, lost, looted, or devalued. Bitcoin? As long as you have your seed, borders become bad jokes and property rights are self-enforced

Gold is trapped by the body. Bitcoin is absolute abstraction. However, the more you bend into this new digital sovereignty, the more you realize that most people still don't trust themselves to hold keys. They outsource it, store it in custodial wallets, they leave it in the hands of exchanges, just as they do with banks and vaults, only with a new technology dressed up. Is Bitcoin then liberation or are we just recreate the same old dependencies? Perhaps it is not only the holding of coins that makes one free, but the ability to handle the weight of complete control (and responsibility) over your own assets, your own future

~

...but on like bitcoin the price to USDT and fiat can not be manipulated since p2p price of buyers and sellers dont have much price difference, you dont need to stress yourself...

Mostly true, yet markets are more psychological than we think. Thin liquidity, exchange failures, panic, all still possible, only in new flavors. But you are right: with a few words you can get out of geography, regimes, thieves. We are seeing the new era of human autonomy. The only catch: you must trust yourself more than any vault, and that's not a lesson that school ever taught

[JayJuanGee]

~

this line i bolded  is the more reason i love bitcoin than gold, because i have thought about how risky it is to stack a huge amount of gold in the house compared to stacking bitcoin worth of billions in wallet, also how risky is to identify if that is actually a real gold. bitcoin is easily sold at ease at the comfort of your zone with one click on exchange via p2p, but selling gold may cost a lot to transport to look for a buyer, and the risk of getting robed along the road is also possible on like bitcoin that is easy and more secured. the price of gold might be manipulated and reduced by the physical buyer to suit him especially in the location where there are no much buyers for him to make profit, but on like bitcoin the price to USDT and fiat can not be manipulated since p2p price of buyers and sellers dont have much price difference, you dont need to stress yourself. another advantage of bitcoin over gold is that in times of war or natural disaster, you dont need to be afraid of losing your bitcoin since you have the seed backed up somewhere, you might even lost access to your phone maybe being stolen or fell off to the beach, after evacuating the location all you just need is to buy a new phone and import your seed an that's just all. but if natural disaster occurs and you have your gold stacked up somewhere, you will never have rest of mind because all your gold may be lost to the disaster or being stolen by people who come across it in anyway. so in general bitcoin is more advantageous than gold. i believe many have never seen it from this angle but if they do, they will have the reason to invest more in bitcoin than gold.

Bitcoin is the first asset that does not care about your physical strength, where you are, or even the trustworthiness of your moving crew. It’s a pure distillation of value and agency. A few words of a string, learned or stored, and the vault is in your head. The old issue of "how to preserve my riches when the world is burning" has become digital. You speak of war and catastrophe. Consider the news in Ukraine, Iran, Israel. Tangible property get stuck, lost, looted, or devalued. Bitcoin? As long as you have your seed, borders become bad jokes and property rights are self-enforced

Gold is trapped by the body. Bitcoin is absolute abstraction. However, the more you bend into this new digital sovereignty, the more you realize that most people still don't trust themselves to hold keys. They outsource it, store it in custodial wallets, they leave it in the hands of exchanges, just as they do with banks and vaults, only with a new technology dressed up. Is Bitcoin then liberation or are we just recreate the same old dependencies? Perhaps it is not only the holding of coins that makes one free, but the ability to handle the weight of complete control (and responsibility) over your own assets, your own future

~

...but on like bitcoin the price to USDT and fiat can not be manipulated since p2p price of buyers and sellers dont have much price difference, you dont need to stress yourself...

Mostly true, yet markets are more psychological than we think. Thin liquidity, exchange failures, panic, all still possible, only in new flavors. But you are right: with a few words you can get out of geography, regimes, thieves. We are seeing the new era of human autonomy. The only catch: you must trust yourself more than any vault, and that's not a lesson that school ever taught

It likely would not be fair to suggest that bitcoin is without disadvantages since there can be some challenges in regards to both knowing how to use bitcoin effectively, protecting oneself and the responsibilities of being ones own bank, for those who choose to hold bitcoin and perhaps also trying to figure out successorship issues, which could be problematic if they keys (or how to access them) are not sufficiently explained and/or left to your chosen successors.

[coyhasmon]

It likely would not be fair to suggest that bitcoin is without disadvantages since there can be some challenges in regards to both knowing how to use bitcoin effectively, protecting oneself and the responsibilities of being ones own bank, for those who choose to hold bitcoin and perhaps also trying to figure out successorship issues, which could be problematic if they keys (or how to access them) are not sufficiently explained and/or left to your chosen successors.

I would not call this a disadvantage of Bitcoin. Is it a disadvantage that credit cards and bank accounts can be hacked because people fall to phishing scams? If we are talking about the thing itself, disadvantages would be other things like it is hard to use or slow confirmation speeds. I would more call it a consequence of radically new technology, because they all have these problems. Teaching people how to use smart phones was hard when they were new, and it opened up people to many different ways to get hacked or lose money that didn't exist before.

 

[Samlucky O]

~

snip

sip

~

...but on like bitcoin the price to USDT and fiat can not be manipulated since p2p price of buyers and sellers dont have much price difference, you dont need to stress yourself...

Mostly true, yet markets are more psychological than we think. Thin liquidity, exchange failures, panic, all still possible, only in new flavors. But you are right: with a few words you can get out of geography, regimes, thieves. We are seeing the new era of human autonomy. The only catch: you must trust yourself more than any vault, and that's not a lesson that school ever taught

It likely would not be fair to suggest that bitcoin is without disadvantages since there can be some challenges in regards to both knowing how to use bitcoin effectively, protecting oneself and the responsibilities of being ones own bank, for those who choose to hold bitcoin and perhaps also trying to figure out successorship issues, which could be problematic if they keys (or how to access them) are not sufficiently explained and/or left to your chosen successors.

yeah that's true.  i know surely  that even as we proclaim the importance of bitcoin over gold doesn't mean that bitcoin is risk free. one of the most risky part of bitcoin is loosing access to your wallet, that will automatically make a person lose all his asset forever.

there are guys who made such mistake back then and to day they have lose access to their wallet forever. example of such people are
1. James Howells who lost a hard drive containing 8000 bitcoin in 2013
2.  Stefan Thomas is also another guy who lost access to his hard drive containing a total of 7,002 bitcoin
there are many folks who lost access to their wallet and that is how they lose fortune forever so it is good to prioritize safety or safeguarding our seed as that the most important thing in bitcoin investment. that's why it is often said that not your key not your coin, this implies that if it is lost you also lose your asset.

[coyhasmon]

yeah that's true.  i know surely  that even as we proclaim the importance of bitcoin over gold doesn't mean that bitcoin is risk free. one of the most risky part of bitcoin is loosing access to your wallet, that will automatically make a person lose all his asset forever.

there are guys who made such mistake back then and to day they have lose access to their wallet forever. example of such people are
1. James Howells who lost a hard drive containing 8000 bitcoin in 2013
2.  Stefan Thomas is also another guy who lost access to his hard drive containing a total of 7,002 bitcoin
there are many folks who lost access to their wallet and that is how they lose fortune forever so it is good to prioritize safety or safeguarding our seed as that the most important thing in bitcoin investment. that's why it is often said that not your key not your coin, this implies that if it is lost you also lose your asset.

This is a very low risk scenario. These days almost all wallets try to force you to create backups. If you don't do the backup or if you do do it wrong, it is more a you problem not a Bitcoin problem. A much bigger risk for normal users is getting hacked I would say.

[JayJuanGee]

It likely would not be fair to suggest that bitcoin is without disadvantages since there can be some challenges in regards to both knowing how to use bitcoin effectively, protecting oneself and the responsibilities of being ones own bank, for those who choose to hold bitcoin and perhaps also trying to figure out successorship issues, which could be problematic if they keys (or how to access them) are not sufficiently explained and/or left to your chosen successors.

I would not call this a disadvantage of Bitcoin. Is it a disadvantage that credit cards and bank accounts can be hacked because people fall to phishing scams? If we are talking about the thing itself, disadvantages would be other things like it is hard to use or slow confirmation speeds. I would more call it a consequence of radically new technology, because they all have these problems. Teaching people how to use smart phones was hard when they were new, and it opened up people to many different ways to get hacked or lose money that didn't exist before.

We can agree to disagree.

The ramifications are pretty large when you fuck up in bitcoin, and newbies might even presume that they have more back ups than they do, like if they get hacked, social engineered, sim swapped or they don't save their private key, so losing money (especially a lot of it) can be a difficult way to learn about the irreversibility of bitcoin transactions.. or even the unforgivenness if you messed up how you wrote down your back up seed words.. or even if you overly complicate your back up system so either you or your heirs end up having hardly any clue how to get access to your wallet, even if you might still be able to see the balances of your addresses through a block explorer..  

yeah that's true.  i know surely  that even as we proclaim the importance of bitcoin over gold doesn't mean that bitcoin is risk free. one of the most risky part of bitcoin is loosing access to your wallet, that will automatically make a person lose all his asset forever.

there are guys who made such mistake back then and to day they have lose access to their wallet forever. example of such people are
1. James Howells who lost a hard drive containing 8000 bitcoin in 2013
2.  Stefan Thomas is also another guy who lost access to his hard drive containing a total of 7,002 bitcoin
there are many folks who lost access to their wallet and that is how they lose fortune forever so it is good to prioritize safety or safeguarding our seed as that the most important thing in bitcoin investment. that's why it is often said that not your key not your coin, this implies that if it is lost you also lose your asset.

This is a very low risk scenario. These days almost all wallets try to force you to create backups. If you don't do the backup or if you do do it wrong, it is more a you problem not a Bitcoin problem. A much bigger risk for normal users is getting hacked I would say.

We are talking about user problems that come from their failure/refusal to take proper steps and perhaps even sometimes assuming too much that someone will be able to help them if they cannot remember whether some of the letters of their back up seeds are spelled properly or in the right order or if they took a picture of their back up seeds because they forgot that portion of the instructions... and sure maybe no one got access to that file until 9 years later when they happen to have 70% of their networth connected to the private keys (wallet) whose contents are all of a sudden $0.

There are all kinds of examples of silly mistakes that bitcoiners make, and I recall a recent example of a guy whose computer was stolen and he had the back up keys (on a sticky attached to the computer), and surely he got lucky because he was able to move the coins (within a day or two, yet prior to the computer thief realizing what he had).  User errors are disadvantages of the system, which could also be referred to as a learning curve that is not even necessarily static, since also their will be changes in user-interfaces and a variety of wallets, some of which are more forgiving of mistakes or protective of their users than others, yet there still will likely be trade-offs in interface, and you can proclaim until you are blue in the face that it is the user's problem and not bitcoin's problem blah blah blah...  Does it matter who is to blame if we are trying to attempt at objective descriptions of advantages and disadvantages of various systems?

[Oshio-man]

Not all central banks will sell their gold to buy crypto, even though there is sudden inflation in the country than to make use of their  reserve or tax to solve the inflation and continue holding the gold for future purpose. Gold is an old asset financial institutions and Centra banks value so much in terms of profitability, reliable and safe for long term holding because it has the highest population of holders and is well acceptable in the whole world, compare to crypto asset that is not acceptable in some countries financial institutions.

[Pierre 2]

I think most central banks treat Bitcoin as digital gold, not a complete replacement to it. So what I observe is them actually buying both Bitcoin and Gold to their emergency funds.