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

[Dogedegen]

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).

This is not correct, you are wrong. Nobody is buying raw material gold for investment purposes, they are buying gold products such as coins or bars. So jewelry is similar to investment gold as long as the quality of the gold is identical so that we can compare it. Actually most people don't even own jewelry gold, they own paper gold. Gold which may or may not exist somewhere else. So before you dismiss real gold as in jewelry, you need to dismiss most investment gold because it is just a piece of paper. It is a promise that you own some gold somewhere, much worse than actually having gold jewelry at home.

You are right, jewelry is not gold but a product made of gold, in the sense of investment asset.

This is not correct either as I have explained. Who owns raw material gold? Gold bars are a gold product too.

[CryptoHeadlineNews]

For centuries, gold has always been the asset that offer best value of our wealth, and most especially the perfect store of value, until 2009 when Bitcoin was launched by Satoshi Nakamoto to offer us full control over our assets  without the interference of both government and it's central bank. And judging from 2009, how far the value of Bitcoin has been over the years, I can boldly say that as of today, Bitcoin stands tall to be the best asset that truly secures our wealth over time. Because unlike fiat cash whereby if you invest $1000 today and holds it for 10yrs, when you go back to the bank to get your investment, the overall amount you might be given after 10yrs might be just $1150. While golf if you had invested same amount for 10yrs, your overall profit might have been either $1300 or $1500. Unlike Bitcoin, if you had invested $1000, in 10yrs that $1000 might have turn to $10,000 or more.

[SUPERSAIAN]

Bitcoin protects the future, which is good. To be prepared for the future, one should be prepared to save Bitcoin and be prepared for it. As for cash, yes, it's always necessary to have cash for immediate expenses or emergencies. I can't speak for gold, it's still a good investment, but I don't know exactly how necessary it is. My preference would be Bitcoin; perhaps adding a little gold would be a good option.

[viljy]

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

A relic from the past:
The price of gold on January 1, 2000 was $289 per ounce. The current price is approximately $4,200 per ounce. Thus, in the first quarter of the 21st century, the price of gold increased by ~14.5 times.
On January 1, 2000, the S&P 500 index stood at 1,469 points. Now it stands at 6857 points. Thus, in the first quarter of this century, it has grown ~4.6 times.

There is a well-known proverb about eggs and a basket. So the optimal solution would be to diversify money between these three assets.

[Vaculin]

For centuries, gold has always been the asset that offer best value of our wealth, and most especially the perfect store of value, until 2009 when Bitcoin was launched by Satoshi Nakamoto to offer us full control over our assets  without the interference of both government and it's central bank. And judging from 2009, how far the value of Bitcoin has been over the years, I can boldly say that as of today, Bitcoin stands tall to be the best asset that truly secures our wealth over time. Because unlike fiat cash whereby if you invest $1000 today and holds it for 10yrs, when you go back to the bank to get your investment, the overall amount you might be given after 10yrs might be just $1150. While golf if you had invested same amount for 10yrs, your overall profit might have been either $1300 or $1500. Unlike Bitcoin, if you had invested $1000, in 10yrs that $1000 might have turn to $10,000 or more.

There is no doubt that between the three, bitcoin secures the highest value of wealth. But investing in bitcoin is not just all about wealth and profits, massive losses can also occur if you invest in bitcoin unprepared, lack of knowledge and no clear understanding how the market works. Simply put, it's a very risky asset that could turn your profit expectations into a complete loss, the reason why only few manage to take the risk, the rest just simply settle on a less risky investment like gold.

However, if you want to maximize wealth accumulation, it's not wrong to have gold, cash and bitcoin as your investments, but as much as possible, increase your allocation amount for bitcoin if you want to gain highly positive outcome.

[abhiseshakana]

Bitcoin protects the future, which is good. To be prepared for the future, one should be prepared to save Bitcoin and be prepared for it. As for cash, yes, it's always necessary to have cash for immediate expenses or emergencies. I can't speak for gold, it's still a good investment, but I don't know exactly how necessary it is. My preference would be Bitcoin; perhaps adding a little gold would be a good option.

The relationship between the three is better understood as a transformation of the function of money over time, not a competition. Gold and cash will remain viable for the next 20 years, albeit with changing functions, while Bitcoin takes on a new role that neither can fill. Going forward, gold will remain a reserve asset in the physical world, especially for central banks and governments seeking to reduce their dependence on the dollar. Fiat cash will also persist, but its function will be limited to a transaction tool, not a store of value, as developed countries gradually move towards digital payment systems. In a digital economy based on real-time settlement, cash is a 20th-century technology that is not scalable.

Bitcoin is not a speculative asset; in the digital economy, it is the first non-sovereign store of value in history. With the scarcity of gold, it cannot be manipulated, and has a network effect that has led to its massive growth. Gold lacks the technology like Bitcoin that allows a global payment infrastructure to be built on the Bitcoin network.

Bitcoin will not replace gold or cash, but it is evolving into a global digital reserve asset for individuals, corporations, institutions, and even countries. Gold remains the world's physical hedge. Cash remains used for everyday transactions, especially before the introduction of CBDCs. Just as the internet and email replaced physical mail, Bitcoin will dominate the digital generation's store of value. Bitcoin won't eliminate gold, but it will diminish its significance.

[Iranus]

For centuries, gold has always been the asset that offer best value of our wealth, and most especially the perfect store of value, until 2009 when Bitcoin was launched by Satoshi Nakamoto to offer us full control over our assets  without the interference of both government and it's central bank. And judging from 2009, how far the value of Bitcoin has been over the years, I can boldly say that as of today, Bitcoin stands tall to be the best asset that truly secures our wealth over time. Because unlike fiat cash whereby if you invest $1000 today and holds it for 10yrs, when you go back to the bank to get your investment, the overall amount you might be given after 10yrs might be just $1150. While golf if you had invested same amount for 10yrs, your overall profit might have been either $1300 or $1500. Unlike Bitcoin, if you had invested $1000, in 10yrs that $1000 might have turn to $10,000 or more.

Admittedly, putting money into bitcoin will give the best returns out of the 3 assets the OP mentioned. But you shouldn't expect bitcoin to be able to deliver exponential returns in the coming years. For example, if you are expecting bitcoin to give you 10x returns in the next 10 years, I can tell you that this is no longer realistic with bitcoin today.

Bitcoin is only up 80% if you measure from its 2021 ATH of $69k to now, how can you expect it to increase 10x in the next 10 years?

Also, another interesting fact is that those who invested in gold since the beginning of the year have made more than 50% profit. While those who bought bitcoin at $100k at the beginning of the year, they lost almost 10%.

[Danica22]

Bitcoin protects the future, which is good. To be prepared for the future, one should be prepared to save Bitcoin and be prepared for it. As for cash, yes, it's always necessary to have cash for immediate expenses or emergencies. I can't speak for gold, it's still a good investment, but I don't know exactly how necessary it is. My preference would be Bitcoin; perhaps adding a little gold would be a good option.

If you have a large amount of assets and want to diversify to reduce risk, you will see how necessary gold is. Because in terms of safety from legality, liquidity, and stability, gold is the number 1 choice. But if you are still in the phase of getting rich with the idea of ​​investing in risky assets or business. Gold is really not necessary for you.

Gold is known to be a less volatile asset and is often used as a safe haven rather than for speculation. So it's no surprise that most bitcoin investors, especially retail investors don't like gold. Because most of us are willing to take risks for high returns and gold clearly does not fit our criteria.

[DrBeer]

...
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).

I will talk about jewelry as someone who has experience working in a company where one of the businesses was pawnshops.
On the one hand, we have jewelry made of high-quality metal. On the other hand, we have a finished product with high added value due to the work of master jewelers and its aesthetic beauty. However, on the market, such items will be accepted at the price of scrap metal! In other words, all the added value that you paid for when purchasing the jewelry will be lost, and you will only receive the price of the metal and nothing more.
Conclusion: gold jewelry remains a highly liquid asset, but if you need to sell it, you will lose a significant portion of the original purchase price.

[Dogedegen]

A relic from the past:
The price of gold on January 1, 2000 was $289 per ounce. The current price is approximately $4,200 per ounce. Thus, in the first quarter of the 21st century, the price of gold increased by ~14.5 times.
On January 1, 2000, the S&P 500 index stood at 1,469 points. Now it stands at 6857 points. Thus, in the first quarter of this century, it has grown ~4.6 times.

Gold's value is dependent on a single primary demand driver central bank reserve. As such it has a higher chance of collapsing than S&P 500. It is more risky, but people need math education to realize why. Somehow some people think that the price of gold goes up high because some people want it for jewelry or because of the industry demand, but this is not true.. Anyway it is always 1 mined gold asteroid away from complete collapse. Today it is still difficult, but one day it will be a reality.

There is a well-known proverb about eggs and a basket. So the optimal solution would be to diversify money between these three assets.

Most people own fake gold, so this proverb has failed.

I will talk about jewelry as someone who has experience working in a company where one of the businesses was pawnshops.
On the one hand, we have jewelry made of high-quality metal. On the other hand, we have a finished product with high added value due to the work of master jewelers and its aesthetic beauty. However, on the market, such items will be accepted at the price of scrap metal! In other words, all the added value that you paid for when purchasing the jewelry will be lost, and you will only receive the price of the metal and nothing more.
Conclusion: gold jewelry remains a highly liquid asset, but if you need to sell it, you will lose a significant portion of the original purchase price.

If you want gold as jewelry and investment it can have a dual role. To preserve more value I guess you should make as few modifications or customization to it, the less complex the jewelry the less the premium on it. Anyway if you held onto it for a long time, the current value of the gold in the jewelry will be much higher so even factoring in a significant reduction you will be in profit. Anyway you could get more money if you try to find the right buyer, if you want to sell fast then you will have to pay for it as you said.

[reagansimms]

Investor confidence in gold will never fade, even though it originates from the past, it is still reliable today and its status remains the main choice as a safe asset.
Bitcoin can be an option for those willing to take risks because it has the potential for high returns, but it's also highly volatile. It can also protect wealth from inflation, but it's highly vulnerable to regulatory changes that could impact its value. Furthermore, Bitcoin is highly vulnerable to cyberattacks and theft.
Cash is the most liquid asset, but it is also vulnerable to theft, counterfeiting and can lose value due to inflation.

So, of the three assets, gold is superior in terms of securing your wealth because it has high intrinsic value and is also rare, as you mentioned in the topic, gold can also protect wealth from inflation and economic instability. However, the choice depends on the risk profile and investment goals of each individual.

[minairia3]

...
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).

I will talk about jewelry as someone who has experience working in a company where one of the businesses was pawnshops.
On the one hand, we have jewelry made of high-quality metal. On the other hand, we have a finished product with high added value due to the work of master jewelers and its aesthetic beauty. However, on the market, such items will be accepted at the price of scrap metal! In other words, all the added value that you paid for when purchasing the jewelry will be lost, and you will only receive the price of the metal and nothing more.
Conclusion: gold jewelry remains a highly liquid asset, but if you need to sell it, you will lose a significant portion of the original purchase price.

To be clear, gold used to make jewelry is mainly 999, 995 or 22k and 18k gold. All are gold but the gold content varies, and the value of gold jewelry includes the type of gold, workmanship, brand or design. If we buy gold jewelry and when we sell it, what we get is only the value of the raw gold, other costs like labor will be deducted and this is our loss when we buy gold jewelry.

However, if we buy 24k gold (9999) it is equivalent to gold stored by banks and is often used for investment. We will not incur any costs like gold jewelry. Therefore, if someone wants to invest in physical gold, buy 24k gold.

[khiholangkang]

Gold is to maintain the value of our money, maintain the results of your work and maintain stability, while Bitcoin is to increase the value of our money, with a 4-year cycle of bitcoin and relative increases such as printing new ATH shows that bitcoin can increase the money we have much faster, and cash is only for short-term needs, its value will not be eroded if we use it for the short term, such as the needs that must be fulfilled.

Between bitcoin or Gold assets it is better to diversify, that is the answer that can be taken, regarding which is the best it can be subjective, depending on each perspective in assessing, which is clear if having both for your future is one form of financial maturity.

[philipma1957]

I came across this  image today showing Dollar,  Gold and Bitcoin and people were debating on it.  Even before now there has always been debates on what is the most valuable store of your wealth be it -  gold, cash or bitcoin.  In my own opinion, maybe it's not really about which is better but about what each of them does best and the most potential for the future.  Lets break it down.

1. Gold -  Defends the Past

Gold  has always been one  of the most  trusted assets for thousands of years.  It is scarce and reliable and very heavy. It is difficult to move and spend gold digitally.  Gold really does safeguard your wealth, but it's mainly a thing for the past.

2. Cash -  Defends the Present

Cash is the most convenient and accepted assets worldwide. It is reliable and backed by goverments,  but inflation always creeps in and slowly eats its value away.  Cash is valuable and useful,  but always was and will be tied to an economy that could collapse.

3. Bitcoin -  Defends the Future

Bitcoin is a digital asset and has more influence on a global scale. No one has reverse control of it. It is decentralized. With it, you have pure and full ownership of the asset. Bitcoin, unlike the other forms of trade,  is designed for the digital economy.

Putting these together,  I will not really call it a debate so much as a timeline.

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

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

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 think you are pretty clueless as to the issue facing BTC

2024 3.125                coins at 100k make a block around       $312500
2028 1.5625              coins at 200k make a block around       $312500
2032 0.78125            coins at 400k make a block around.       $312500
2036 0.390625           coins at 800k make a block around       $312500
2040 0.1953125         coins at 1600k make a block around      $312500
2044 0.09765625        coins at 3200k make a block around     $312500
2048 0.04882812        coins at 6400k make a block around     $312500
2052 0.02441406        coins at 12800k make a block around   $312500
2056 0.01220703        coins at 25600k make a block around   $312500

2052 coins need to be 12,800,000
2056 coins need to be 25,600,000

and that does not look to realistic.

I would argue btc needs a reset

if BTC2 made 1 block every 15 minutes not every 10

you would do 4 an hour not 6

and 96 a day not 144

and the 1/2 ing would be every 6 years not 4


thus.

2012 would be 2014
2016 would be 2022
2020 would be 2028      we would still be doing 6.25 blocks up to 2028 not 2020
2024 would be 2034
2028 would be 2040
2032 would be 2046
2036 would be 2052
2040 would be 2058
2044 would be 2064
2048 would be 2070
2052 would be 2076
2056 would be 2082 this would be when we get to 25.6 million a coin much better but oh well


so personally how is BTC for the future when it looks like it will have big issues in 2052 and 2056

[Dogedegen]

I would argue btc needs a reset

if BTC2 made 1 block every 15 minutes not every 10

you would do 4 an hour not 6

Yeah, let's make the usability of the whole thing much worse for the majority because you think there is a problem. Cool idea. With technological progress Bitcoin should be made faster and not slower.

so personally how is BTC for the future when it looks like it will have big issues in 2052 and 2056

This is not true, your post assumes that the security budget must stay the same or grow all the time. It does not. I don't know how altcoin analysts managed to sell this idea through long term tactics on Twitter and other platforms that even some Bitcoiners are starting to believe it. At the same time their alternatives are POS protocols where the supply is diluted in favor of the rich and in most cases the security budget has shrunk considerably in many cases like 90%. They are the ones to talk with their great solutions.. They have been doing this for several years and it has started to work. You know if you repeat a lie often enough people start going with it, and this is the situation with this topic..

[Itz-prisigold]

I think you are pretty clueless as to the issue facing BTC

2024 3.125                coins at 100k make a block around       $312500
2028 1.5625              coins at 200k make a block around       $312500
2032 0.78125            coins at 400k make a block around.       $312500
2036 0.390625           coins at 800k make a block around       $312500
2040 0.1953125         coins at 1600k make a block around      $312500
2044 0.09765625        coins at 3200k make a block around     $312500
2048 0.04882812        coins at 6400k make a block around     $312500
2052 0.02441406        coins at 12800k make a block around   $312500
2056 0.01220703        coins at 25600k make a block around   $312500

2052 coins need to be 12,800,000
2056 coins need to be 25,600,000

and that does not look to realistic.

I would argue btc needs a reset

if BTC2 made 1 block every 15 minutes not every 10

you would do 4 an hour not 6

and 96 a day not 144

and the 1/2 ing would be every 6 years not 4


thus.

2012 would be 2014
2016 would be 2022
2020 would be 2028      we would still be doing 6.25 blocks up to 2028 not 2020
2024 would be 2034
2028 would be 2040
2032 would be 2046
2036 would be 2052
2040 would be 2058
2044 would be 2064
2048 would be 2070
2052 would be 2076
2056 would be 2082 this would be when we get to 25.6 million a coin much better but oh well


so personally how is BTC for the future when it looks like it will have big issues in 2052 and 2056

I understand what you are saying, but I believe your conclusion is a bit off. The reasons you provided, your theory only works if we assume that Bitcoin security only ever relies on block rewards. However, that is not how security is designed to work.

The block reward was created to decline steadily so that transaction fees could steadily take over its role. That isn’t to say that Bitcoin is "doomed" to 2052 or that the price of Bitcoin has to 50x each cycle. Miners adjusts and security of the network are meant to adapt. It also means that less block space is available which means the network will adopt price driven security and adapt over time to an economy that is fee driven.

Historically Bitcoin was created to be the modern technology to serve as digital gold or cash. Every technology has weaknesses, gold is not portable, cash is inflationary, and Bitcoin has the halving cycle. Luckily, Bitcoin is also the only one that can adapt without changing its monetary policy. Bitcoin can enlarge its ecosystem through L2 layers along with different applications to support increasing transaction fee requirements after avoiding a 'reset'."

Trust that was built over 15 years relies on the network and how it works not changing. Suggesting Bitcoin should change block times or the halving schedule is to not understand Bitcoin and how it works. It is the very definition of Bitcoin. I don't think 2052 is going to be doomsday. The ecosystem is going to change way before that.  This is why a lot of people see bitcoin as the strongest store of value in the long run.  It is not because the halving numbers line up perfectly.   It is because the system keeps going as the rewards keep decreasing.

[Agbamoni]

IMO, both Gold and Bitcoin secure the future.

If you invest in Gold and Bitcoin now, in the long term, there will be huge profits for you because they both increase exponentially. Cash, on the other hand, does not defend anything, neither the present, the past, nor the future. Cash is meant to be for purchasing power; once left stagnant, it will lose value with time.

[Rabata]

In fact, we cannot create a cashless world or economy in one day. Where a system has been created for years, it will not end so easily. Cash will be important in the future, but there may be questions or different opinions about whether Bitcoin or Gold is the best for financial security. Most people around the world still consider Gold to be a safer asset because it has maintained its value for many years. But Bitcoin is still in its early stages, so it will take time to gain popularity like Gold. However, for those of us who have a correct understanding of Bitcoin, Bitcoin seems more profitable and safer than Gold in the future. It will still take time for everyone to form such an idea of ​​Bitcoin, and when such a position is created, the price of Bitcoin will be much higher than we can  not imagine now.

[qurbanshah02]

IMO, both Gold and Bitcoin secure the future.

If you invest in Gold and Bitcoin now, in the long term, there will be huge profits for you because they both increase exponentially. Cash, on the other hand, does not defend anything, neither the present, the past, nor the future. Cash is meant to be for purchasing power; once left stagnant, it will lose value with time.

Yes, these are the two things that will benefit us and if we focus on money, it is a note that can also be closed lying down and these are the things that have been coming for a long time, if we look at gold, it has been around for a long time, so it is the best thing for us to invest in and spend our money on it. Yes, if we keep these things, we can benefit from them in a few months, which is why we have to take their path. I do not believe much in notes because they can be exchanged at any price, but these are the things that are given time to exchange by investing money, which is the power of money and this thing should not be wasted.

[Findingnemo]

I would say include all three that mitigate the single point of failure. Gold has a long history and people's trust, Silver is showing very good growth in the last few years while bitcoin is being bitcoin and has given a huge amount of returns for the long-term holders. WHile the future may holds anything and one can fail even though we thought it is impossible to happen that is why I suggested the diversification which is good when it comes to secure the wealth.