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Author Topic: Bitcoin or Gold? What would you pick?  (Read 299014 times)
Cortex7
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July 23, 2014, 06:23:01 PM
Last edit: July 23, 2014, 08:43:54 PM by Cortex7
 #261

Gold is one of the best electric conductors out there (being only the second best after silver, if I'm not mistaken).

Good old Copper beats it, but gold is favorable for switches and connectors or extremely thin wires due to it's higher corrosion resistance.

Resistivity (Ω across faces of 1m³ cube)

Carbon (graphene)    1×10−8
Silver    1.59×10−8
Copper    1.68×10−8
Gold    2.44×10−8
Aluminium 2.82×10−8
Calcium 3.36×10−8
Tungsten 5.60×10−8

So, if you can't get out of the noise, you've been had and are playing with a fake gold bar. Cheesy

I mean measurement noise.

A tungsten loaded bar can be thought of as a short stubby wire. A tungsten core surrounded by quite a thick gold sheath.

If you take any high impedance resistance measurement (like a multimeter) then the difference in resistance will be buried deep within the noise, you could amplify the voltage signal as much as you like but no good relative measurements could be made, you would only find noise.

I don't think a resistance test could be accomplished using simple push contact probes.

The cross sectional area of a 400 Oz bar is ~0.0036 M²
The length of a 400 Oz bar is ~0.2 M

So its resistance end to end is ~=  ( 2.44*10-8  * 0.2 ) /  0.0036 ~= 5.6 * 10-7 Ω  that's 560 nΩ

A tungsten loaded bar would be on the order of 700 nΩ

To bring the resistance reading into a range where one could detect a tungsten core you would have to push significant current through that bar, in the order of 10A or more if you had the most sensitive galvanometer on a Wheatstone bridge. Plus the apparatus would need good environment control ( whole apparatus as same temperature ).

You would need a known interface layer at each end. Otherwise you could take a measurement and see a relativley higher resistance but that might just be a relativley poor connection on one end.

Machining flat areas is needed to give a known electrical interface when dealing below µΩ, the flatness reuired would not be super flat optical though as you could apply pressure to the contact blocks and take advantage of golds high malleability.
Cortex7
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July 23, 2014, 06:56:29 PM
Last edit: July 23, 2014, 08:16:38 PM by Cortex7
 #262

Smart traders allways say to diversify you portfolio...

The BEST strategy.

...where is bitcoin going, and will it be allowed to take the next leap.

Dell.com now accepts bitcoin, I assume the CEO of Dell, having a personal net worth of ~15 billion, is rather well "connected".

So I am assuming bitcoin IS being allowed to take that next leap.
ThomasCrowne
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July 24, 2014, 06:10:41 AM
 #263

100% have to go with bitcoin on this one!

boumalo
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July 24, 2014, 10:52:40 AM
 #264

100% have to go with bitcoin on this one!

Bitcoin has more upside potential but Gold seem like a very safe/potentially high rewarding investment; it won't go down 80% easily

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July 24, 2014, 11:43:20 AM
Last edit: July 24, 2014, 12:13:27 PM by deisik
 #265

100% have to go with bitcoin on this one!

Bitcoin has more upside potential but Gold seem like a very safe/potentially high rewarding investment; it won't go down 80% easily

Even if it goes 20% south, it will be the right time to buy it long. Gold average cost of production is around $1,000 (may be even higher than that), so it can't possibly go lower than this number for any long period now... Cool

regedit
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July 24, 2014, 11:52:27 AM
 #266



It came to this point last year but its recovering..
giveBTCpls
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July 24, 2014, 12:07:58 PM
 #267

Bitcoin is too risky compared to Gold, but it can lead to massive gains compared to Gold. So 50/50.

boumalo
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July 25, 2014, 03:23:43 PM
 #268

100% have to go with bitcoin on this one!

It is better to diversify its assets : some Gold, some Bitcoin, some natural ressources companies

polynesia
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July 25, 2014, 03:46:14 PM
 #269

Some gold, to keep the ladies in the family happy.   Smiley
Remaining  BTC
CoinDiver
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July 25, 2014, 03:48:32 PM
 #270

The upside to bitcoin far outweighs gold. Gold is also far more expensive to secure. I can have multiple encrypted copies of my bitcoin wallet in totally insecure places, and don't care if any of them get taken.

http://mises.org/daily/3229
BTC:1PEyEKyVZgUvV4moXvCD5rQN21QETGPpLc
tee-rex
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July 25, 2014, 07:23:39 PM
 #271

100% have to go with bitcoin on this one!

It is better to diversify its assets : some Gold, some Bitcoin, some natural ressources companies

And a couple of banks would do as well! Wink
deert
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July 26, 2014, 04:02:37 PM
 #272

I will take away the BTC . BTC than gold more valuable.
gold bull market has come to an end, the crazy BTC has only just begun
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July 26, 2014, 04:10:17 PM
 #273

If you are gambler and prefer risk - BTC. If you would like to stay on safe side - gold. If you somewhere in between - both.
boumalo
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August 03, 2014, 10:56:42 PM
 #274

I will take away the BTC . BTC than gold more valuable.
gold bull market has come to an end, the crazy BTC has only just begun

Gold is a buy; it is reliable and wanted, it is very scarce and has proven itself through time

Bitcoin is a buy as well obviously!

polynesia
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August 04, 2014, 01:51:07 AM
 #275

I will take away the BTC . BTC than gold more valuable.
gold bull market has come to an end, the crazy BTC has only just begun

Gold is a buy; it is reliable and wanted, it is very scarce and has proven itself through time

Bitcoin is a buy as well obviously!

It is the proportion of gold vs BTC in your portfolio which counts.  Smiley
extrabyte
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August 04, 2014, 03:27:04 AM
 #276

Bitcoin is a gold of future
deisik
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August 04, 2014, 06:19:16 AM
 #277

Bitcoin is a gold of future

Yes, it's banned in Russia... Grin

CoinDiver
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August 04, 2014, 03:50:49 PM
 #278

Bitcoin will be banned until they find it's more lucrative to legalize and tax. It's as simple as that.

http://mises.org/daily/3229
BTC:1PEyEKyVZgUvV4moXvCD5rQN21QETGPpLc
deisik
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August 04, 2014, 04:23:53 PM
 #279

Bitcoin will be banned until they find it's more lucrative to legalize and tax. It's as simple as that.

If Bitcoin is recognized and made legal throughout the world, this ban will look both ridiculous and absurd... Why not then prohibit all other currencies from possession and trade as had been made under the Soviets (with a threat of death penalty for holding just 100 dollars)? Roll Eyes

polynesia
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August 04, 2014, 05:08:45 PM
 #280

Bitcoin is a gold of future

Yes, it's banned in Russia... Grin

So are a lot of other things.
Doesn't mean that it is not used.  Tongue
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