Gold, Cash, and Bitcoin: Who Truly Secures Your Wealth?

[Ziskinberg]

I would prefer gold and bitcoin. They create a perfect combination for future wealth. Gold may be a traditional investment, but until now its value is still surging high due to a bigger market demand. Same with bitcoin, despite how volatile it is, its value is still irresistible especially if bull run is around, its price will definitely reach another all time high. Those who can ride the bull run will end up with massive profits if they decide to sell a significant amount of bitcoin.

However, fiat shouldn't still be underestimated. Its essential for everyday living so its a must to have a sufficient amount of cash in your wallet or in your bank account, especially that fiat is still the official currency despite how its value consistently depreciate.

[finaleshot2016]

In your opinion,  do you still think gold and cash can really keep up in the next 10-20 years?  Or do you think Bitcoin is gradually taking the crown for the value of cash?

Of course, there's a lot of different money and payment system nowadays so having also is very efficient for a person. Bitcoin is volatile, it's not perfect that can be used specifically for payments even until now, rare people only using it for payments even they have small transaction fees today. Gold and Bitcoin is a good investment asset, a physical and digital asset are 2 different things which we can conclude that you can have both. Of course when it comes to payment and daily transaction, cash still remains. Gold already existed in the past but look, they still made a bunch of coins that can be used for payments, so same thing to BTC, it acts like digital gold so no one will ever use that for payments, it's more of an investment, also stable coins exist 

[M47AK16]

I don't think age matters for holding gold or Bitcoin; actually, oldies have more knowledge about gold, but if they learn the history of Bitcoin, having both gold and Bitcoin is the best action to secure your wealth. But the question here is how long you can hold them since old people have shorter lifespans compared to young people.

So if we analyze the chart of both Bitcoin and gold, then gold is rising consistently, but it's not so volatile, unlike Bitcoin.
If you know the timing of when to invest and secure your wealth with Bitcoin, then the next cycle will give you a better profit than gold.

Oldies have more knowledge about gold . That can be because of their old age too. Not only Gold actually but other traditional assets too like stocks. But after all, you are still right that an old person can still be involved in the newer techs like Bitcoin and then a young person can also get involved in an old assets like gold and stocks.

In terms of life span of a human being, I think this is something that we can't tell in advance but maybe we can say that Bitcoin is more built for the short-term, apart from its long-term potential.

[DiMarxist]

I have not seen Gold in physical, I have not touched Gold in physical and I have not used Gold so anything concerning Gold should be rollout from my life. It is not part of me so I don't know if it can make someone rich or not and I have only heard from people that, it can make people rich. And to get a Gold is not easy. I have seen cash and touched it and use it. But there is no value in it. I have use bitcoin for just few years of 3 + and I am good to go. So what truly secure my wealth is already known and that should be the last man standing of Bitcoin. You can use it in many ways. If you store it in the wallet for years to come, it will increase in value, and it can be used to purchase thing online and pay for services.

Bitcoin all the way.

[Finestream]

All have the potentials to secure your wealth. But if you want faster accumulation of your wealth, gold and bitcoin will make it happen, most particularly if you own a significant amount and hold them for indefinite years, and only sell them once a life-changing profit is in front of you.

However, with cash, if you have big businesses that constantly generate cash, that will also help you in securing your wealth the future, though not as wealthy if your investments are all in gold and bitcoin.

[Natalim]

The majority would pick either cash or gold. Since even though bitcoin is well known but not everyone knows of it. Some are still scared to invest on a cryptocurrency. So investing in gold would be a safer option for them. Gold price also increasing each year since the demand is bigger and bigger. Despite that, cash has that inflation to look out so not that good for long term.

There's a difference between you chose not to invest in bitcoin because the people didn't know it well, or you chose not to invest in bitcoin even if you know already and have heard already about the high potentials with bitcoin that will make you profitable in the next possible months or years. Just know that your decision should not rely on the majority's decision as you have your own ability and capacity to think well. If you want to invest in bitcoin, go for it because you know it well. But if you want to settle with cash and gold, they can also make you profitable, but not as profitable and wealthy with bitcoin offers and potentials.

[m2017]

It seems like these debates over gold, money, and bitcoin will never end. While the solution would seem simple - exploit the advantages of each asset as long as it's profitable for you - people inevitably have to swing from one extreme to the other.

Gold is the past, cash is the present, and Bitcoin is the future.

But what do you all think? I’m curious.

An interesting thought, but I would rephrase it differently: money is for use in the present, bitcoin and gold are for use in the future, using risk diversification.

In your opinion,  do you still think gold and cash can really keep up in the next 10-20 years? 

Why should they compete? They're financial assets in different leagues.

If you're comparing them as wealth preservation tools, then only idiots would try to do so in money (traditional). Because money is a tool of exchange, not accumulation.

Or do you think Bitcoin is gradually taking the crown for the value of cash?

Both will be displaced from the money market by the CBDC.

[CryptoBuds]

I have not seen Gold in physical, I have not touched Gold in physical and I have not used Gold so anything concerning Gold should be rollout from my life. It is not part of me so I don't know if it can make someone rich or not and I have only heard from people that, it can make people rich. And to get a Gold is not easy.

What happened to you? It is surprising that someone knows about bitcoin, knows about finance, and is old enough to participate in financial activities, gambling, but has never seen physical gold. An extremely human-friendly asset because it is closely linked to the history of human development.

Gold does not make anyone rich because gold is known to be a stable asset and helps maintain value rather than just speculate. People buy gold, own physical gold for many different reasons other than simply speculating in the hope of making huge profits.

[DiMarxist]

I have not seen Gold in physical, I have not touched Gold in physical and I have not used Gold so anything concerning Gold should be rollout from my life. It is not part of me so I don't know if it can make someone rich or not and I have only heard from people that, it can make people rich. And to get a Gold is not easy.

What happened to you? It is surprising that someone knows about bitcoin, knows about finance, and is old enough to participate in financial activities, gambling, but has never seen physical gold. An extremely human-friendly asset because it is closely linked to the history of human development.

Gold does not make anyone rich because gold is known to be a stable asset and helps maintain value rather than just speculate. People buy gold, own physical gold for many different reasons other than simply speculating in the hope of making huge profits.

Out of 1 thousand people in my street I strongly believe non of them have seen Gold in my region unless they travelled to another part of the country. We don't have gold in our area and nobody in my region mine gold. We don't even know how physical gold looks like except the pictures we see in movies and newspapers. Guy nothing happened to me, good bless every region with different natural resources and my is not gold. If you have see and touched physical gold, it is good for you but not me. I don't know how you imagine thing, if you have seen Gold, that doesn't mean everyone in world must see it. I see you comment as out of point because in my financial dealing, gold has not been used for practical things. But if you are talking about the gold they have used to produce things like necklace, wristwatch etc. I have seen that but I was not talking about those things but the raw Gold.

And once again I only heard of it unless I travel out to another part which Gold is popular and I'm planning to do that soon.

[alankasman]

There's a difference between you chose not to invest in bitcoin because the people didn't know it well, or you chose not to invest in bitcoin even if you know already and have heard already about the high potentials with bitcoin that will make you profitable in the next possible months or years. Just know that your decision should not rely on the majority's decision as you have your own ability and capacity to think well. If you want to invest in bitcoin, go for it because you know it well. But if you want to settle with cash and gold, they can also make you profitable, but not as profitable and wealthy with bitcoin offers and potentials.

Currently, these two things are highly sought after by individuals, but Bitcoin is different because it requires prior study to determine the potential for profit. A little understanding of Bitcoin investment will certainly make the path easier.
This is different from gold, which is always sought after by many people, especially mothers, as a form of decoration while saving.

And to achieve this, we must have a large amount of money, especially at current prices. It's certainly even more profitable for those who already have substantial gold savings. At current prices, it's certainly a significant profit for those who have already saved, and this is a significant form of investment.
What we need to understand about the differences between investing in Bitcoin and investing in gold is that the paths are different, so having both becomes a strong investment for each individual.

[davis196]

Cash doesn't secure your wealth, because it loses value. Do you mean having fiat money in a bank deposit? Banks don't pay interest rates for deposits anymore(not in my country). I'm surprised that you are comparing cash to BTC and gold. Why don't you choose stocks and bonds instead of cash? Investing in the right stocks can multiply your wealth, not just secure it. Bonds are a better option than cash, because you get interest, but buying government bonds directly is not available in my country. If I had to choose between those three options, I would pick a combination between Gold and BTC. Let's say 70% BTC and 30% gold.

[Dogedegen]

It seems like these debates over gold, money, and bitcoin will never end. While the solution would seem simple - exploit the advantages of each asset as long as it's profitable for you - people inevitably have to swing from one extreme to the other.

In reality, there is no real debate. There are only biased individuals that are fighting for things that are objectively worse for any number of reasons. An objective comparison between gold and Bitcoin shows that Bitcoin is supreme in just about every way. We've been down this road before and only an objective discussion is worthwhile on different features such as transport ability. Subjective or philosophical evaluations can be dismissed because depending on their false rationalizations people can take up any kind of position, no matter how wrong it is.

I have not seen Gold in physical, I have not touched Gold in physical and I have not used Gold so anything concerning Gold should be rollout from my life. It is not part of me so I don't know if it can make someone rich or not and I have only heard from people that, it can make people rich. And to get a Gold is not easy.

What happened to you? It is surprising that someone knows about bitcoin, knows about finance, and is old enough to participate in financial activities, gambling, but has never seen physical gold. An extremely human-friendly asset because it is closely linked to the history of human development.

Besides some jewelry, I have never seen any real amount of gold anybody. Neither has anyone I know nor anyone that they know. The demand for gold is largely artificial and exaggerated. Without the central banks demanding it for their own reserves the price would plummet 50 to 90% easily. Actually I don't even know anyone who wants gold. There were some people who made some money and asked for advice on what to do with it. They didn't want Bitcoin it was too abstract for them, but they also outright refused any amount of gold even an ounce.

Out of 1 thousand people in my street I strongly believe non of them have seen Gold in my region unless they travelled to another part of the country.

Not even a jewelry or at least inherited jewelry? I can understand it though if you live somewhere very poor, that makes perfect sense. Anyway somebody who is rising out of poverty slowly has absolutely no need for gold in any way, not even as a store of value.

[DiMarxist]

Not even a jewelry or at least inherited jewelry? I can understand it though if you live somewhere very poor, that makes perfect sense. Anyway somebody who is rising out of poverty slowly has absolutely no need for gold in any way, not even as a store of value.

In my own understanding, jewelry is not a Gold but it is a product of gold. If someone or a lecturer asks you to bring Gold and you bring jewelry to him. My guy you will fall the test. If you are saying jewelry is Gold then I have touched it and seen it. But when talk about gold it is the raw material you got from the ground and sell it to industries. Like the once I saw in this movie " Susi" movie, those are gold discuss here not jewelry. My country is blessed with natural resources with all kind but the are misusing them.
In my country, we have Gold in abundance, we have Crude Oil in Abundance, and others yet the citizens struggling to survive. It is hard to get a dollar a day in my country. So as bitcoin came most of us do not think of the government again but invest in it and trade with it to survive. Farming and fishing is the common occupations in the area (my residency).

[Maslate]

If you can secure a good amount of bitcoin, gold and cash, I guess it would guarantee wealth security for you in the future. Bitcoin and gold as your investments, and the longer you hold a significant amount of them, the more valuable and profitable they'll become in the future. This is not just an assumption, but a proven fact.

However, cash on the other hand is still essential as it is. You need to have a sustainable flow of cash for you to spend, for you to live a comfortable life, because while fiat is for spending, gold and bitcoin should remain your long term investments that may possibly lead into financial stability and security, bigger wealth accumulation in the future.

[free-bit.co.in]

In my own understanding, jewelry is not a Gold but it is a product of gold. If someone or a lecturer asks you to bring Gold and you bring jewelry to him. My guy you will fall the test. If you are saying jewelry is Gold then I have touched it and seen it. But when talk about gold it is the raw material you got from the ground and sell it to industries. Like the once I saw in this movie " Susi" movie, those are gold discuss here not jewelry. My country is blessed with natural resources with all kind but the are misusing them.
In my country, we have Gold in abundance, we have Crude Oil in Abundance, and others yet the citizens struggling to survive. It is hard to get a dollar a day in my country. So as bitcoin came most of us do not think of the government again but invest in it and trade with it to survive. Farming and fishing is the common occupations in the area (my residency).

You are right, jewelry is not gold but a product made of gold, in the sense of investment asset.
The reason there are so many types of gold is because the demand for gold is so diverse that people have created many different types of gold and classified gold according to purity.
However, jewelry is also made of gold, so whenever the price of gold fluctuates, the price of jewelry fluctuates as well.

I guess you come from an African country and I can say that what people there are going through is the consequence of a unipolar world. A continent rich in mineral resources and precious metals but living in poverty.  

[YOSHIE]

Gold, Cash, and Bitcoin: Who Truly Secures Your Wealth?

In my opinion, you are wrong if you say that gold is the past and money is said to be the present, so Bitcoin is in the future.
I have experienced the internet being down for five days, the lights going out for five days and all the network being lost, panic playing for months, if this situation happens again in the future, my question is, what can you do with Bitcoin and how will your economy progress or regress.....!

• For me Bitcoin can be used as an economic resource in terms of investment, trade, exchange rates.
• In my opinion, gold can be used as the basis for storing wealth, this has been done from century to century and from ancient times to the present and in the future, it is a precious metal.
• Money is certainly not a form of storing wealth, in fact money can be used for buying/selling transactions and exchange value.

The conclusion can be a strong basis and reason for gold to be crowned as a store of real wealth.

[HelliumZ]

If you imagine the future, you will need two things: one is that you will need to have a bank balance, cash. You will not be able to go a day without cash. You will not be able to buy your daily necessities without cash. But one thing is very important that if you want to deposit the money of the bank and keep it fixed for a fixed period of time, I must say it is unnecessary and of course if you keep investing in Bitcoin then Bitcoin will be a better option than fixed deposit. But as a physical asset, if I say gold is definitely a better option and if you can buy land, then both gold and land will be better options. However, if you are considering the future and taking steps towards long-term holding, then I would definitely suggest Bitcoin first.

[Alone055]

In your opinion,  do you still think gold and cash can really keep up in the next 10-20 years?  Or do you think Bitcoin is gradually taking the crown for the value of cash?

I can't say anything about cash because the world is moving towards digitalization, but gold? It will obviously be there, and I totally disagree with you calling gold 'the past' because gold still has value, and will always have value. There are so many people who would prefer gold over Bitcoin any day, and do you know why? Because gold tends to be more secure than Bitcoin, which is a volatile and unpredictable asset, it goes up in value for sure, but it goes down as well, and both of these things happen rapidly, but with gold, the growth in value is always higher than the loss.

Those who prefer taking the risk and are looking for better profits within a shorter period will invest their money in Bitcoin because Bitcoin tends to give good returns after each cycle. However, those who prefer security over higher profits will always choose gold over Bitcoin, because they know that after a decade, the value of the gold they have been holding will definitely be higher, and there is zero chance of it having a lower value. Can we say the same about Bitcoin? No, even though we say that it will have a higher value in the future, but we also know that volatility works both ways.

[Cryptomultiplier]

In your opinion,  do you still think gold and cash can really keep up in the next 10-20 years?  Or do you think Bitcoin is gradually taking the crown for the value of cash?

I can't say anything about cash because the world is moving towards digitalization, but gold? It will obviously be there, and I totally disagree with you calling gold 'the past' because gold still has value, and will always have value. There are so many people who would prefer gold over Bitcoin any day, and do you know why? Because gold tends to be more secure than Bitcoin, which is a volatile and unpredictable asset, it goes up in value for sure, but it goes down as well, and both of these things happen rapidly, but with gold, the growth in value is always higher than the loss.

Those who prefer taking the risk and are looking for better profits within a shorter period will invest their money in Bitcoin because Bitcoin tends to give good returns after each cycle. However, those who prefer security over higher profits will always choose gold over Bitcoin, because they know that after a decade, the value of the gold they have been holding will definitely be higher, and there is zero chance of it having a lower value. Can we say the same about Bitcoin? No, even though we say that it will have a higher value in the future, but we also know that volatility works both ways.

The best between gold, cash and Bitcoin is in their value and I know for a fact that gold will continue to remain a dominant choice to secure wealth.

However a smart investor would know that it is in their best interest to diversify their portfolio into these three aspects so as to preserve and grow their wealth overtime.

Bitcoin aims to maintain the value of money over inflation and deflation of one's fiat currency, but it isn't enough to displace gold over the next two or three decades as gold remains unique due to its physical quantifiable nature, major industrial use and history of trust.

[coolcoinz]

I'd always choose bitcoin out of the three.

Personally I hold 90% of my liquid assets in bitcoin, 8% in fiat money (invested) and 2% in cash.
I don't own gold at all as it's too difficult to move around, hide, sell... I just don't see the rational need to own gold when I can own gold 2.0 (btc)

Cash? It's fine as a SHTF countermeasure. I live far from the city, in a place where there's limited phone coverage, Internet only by wire. When I want to pay contractors it's always cash.
I have to hold some cash at home, there's no way around it, but I wouldn't call it investment because of inflation. It's not very high but usually between 3 and 5% which is big when you count decades.

Fiat investment money? Don't give me much profit, but this is expense money. I'm not going to spend bitcoin in a bear market and not everybody will take cash. For instance you can't buy a new car with 100% cash nowadays. You can't book a flight with cash unless you physically go to the airport and pay there. Also, there are cash limits when you cross the border, so you must have a bank account, again, no way around it.

Bitcoin is by far the best. It's only weak point is acceptance. For instance in my city there are maybe 4 or 4 bitcoin ATMs and all of them are located in places that are closed on Sundays, so imagine that you fly here with mostly bitcoin in your pocket and it's Saturday evening - you won't be able to pay for anything unless you find someone who accepts bitcoin directly and that's going to be hard.