I have USD 2000 to invest. Should I buy Bitcoins or gold?

[funtotry]

the fees for other investments are too high for a $2000 investing be worth. Or to invest in start ups.

Your best option is btc or low return bank investments

 

Another reason is that physical gold (only gold I would buy because its actually a useful currency and shiny) is hard to divide. Usually you buy 1oz, no 0.632 oz like we see in bitcoin, you can't just cut up some gold bars to divide them. So therefore 2000 would be VERY hard to invest in gold because it would not buy you an exact number of oz with 0 change.

[Zeta0S]

the fees for other investments are too high for a $2000 investing be worth. Or to invest in start ups.

Your best option is btc or low return bank investments

 

Another reason is that physical gold (only gold I would buy because its actually a useful currency and shiny) is hard to divide. Usually you buy 1oz, no 0.632 oz like we see in bitcoin, you can't just cut up some gold bars to divide them. So therefore 2000 would be VERY hard to invest in gold because it would not buy you an exact number of oz with 0 change.

I found this on my favorite dutch website:
https://www.hollandgold.nl/goud-kopen/goudbaren-kopen/valcambi-50-1-gram-goudbaar-combibars.html

[funtotry]

the fees for other investments are too high for a $2000 investing be worth. Or to invest in start ups.

Your best option is btc or low return bank investments

 

Another reason is that physical gold (only gold I would buy because its actually a useful currency and shiny) is hard to divide. Usually you buy 1oz, no 0.632 oz like we see in bitcoin, you can't just cut up some gold bars to divide them. So therefore 2000 would be VERY hard to invest in gold because it would not buy you an exact number of oz with 0 change.

What is the fees on this though. Each 1g of gold is seperated (has to be cut and seperated) so that is probably MUCH more expensive, plus the company likely charges fees for creating this product. All in all gold is a physical object and therefore can't be split very easly, you can't trade it back and forth quickly, so its more of something to hold for a while, and actually have the object.

[Zeta0S]

the fees for other investments are too high for a $2000 investing be worth. Or to invest in start ups.

Your best option is btc or low return bank investments

 

Another reason is that physical gold (only gold I would buy because its actually a useful currency and shiny) is hard to divide. Usually you buy 1oz, no 0.632 oz like we see in bitcoin, you can't just cut up some gold bars to divide them. So therefore 2000 would be VERY hard to invest in gold because it would not buy you an exact number of oz with 0 change.

What is the fees on this though. Each 1g of gold is seperated (has to be cut and seperated) so that is probably MUCH more expensive, plus the company likely charges fees for creating this product. All in all gold is a physical object and therefore can't be split very easly, you can't trade it back and forth quickly, so its more of something to hold for a while, and actually have the object.

Yes, this is a bit more expensive, but the price will lower when used more.

This is the divergence right now:
€ 1.802,00 https://www.hollandgold.nl/goud-kopen/goudbaren-kopen/umicore-50-gram-goudbaar.html
€ 1.913,00 https://www.hollandgold.nl/goud-kopen/goudbaren-kopen/valcambi-50-1-gram-goudbaar-combibars.html

p.s they had them in silver to, but is sold out now :-(

[funtotry]

1800 EUROS FOR AN OUNCE OF GOLD!
That is well over the current USD price of 1200, which is about 800 US dollars less than 1800 euros. No one could make profits trading on that whatsoever, thats close to 50% fees, which means gold would have to go up that much to break even...

[Braino]

The Valcambi bars are really nice but you do pay a premium for that ability to split them into smaller bits. The premium can be carried since many people accept that premium on fractional bullion. If you just want to hold gold or silver then buy ounce rounds (or bars) so you can hold them for 10 years and be done with this pointless discussion.

If you want to make profit fast get into crypto.

[ShopemNL]

Yeah we sell them aswell (2 in stock)
https://www.101munten.nl/product/Baren-/GCB50GR/Combibaar-50-x-1-gram---Valcambi-(2-op-voorraad).html

Mucht cheaper as buying 50, 1 gram bars though they cost like 47€ each

[markj113]

1800 EUROS FOR AN OUNCE OF GOLD!
That is well over the current USD price of 1200, which is about 800 US dollars less than 1800 euros. No one could make profits trading on that whatsoever, thats close to 50% fees, which means gold would have to go up that much to break even...

its not an oz they are 50g bars

[Zeta0S]

1800 EUROS FOR AN OUNCE OF GOLD!
That is well over the current USD price of 1200, which is about 800 US dollars less than 1800 euros. No one could make profits trading on that whatsoever, thats close to 50% fees, which means gold would have to go up that much to break even...

Can it be that gold here is more expensive here?

[markj113]

1800 EUROS FOR AN OUNCE OF GOLD!
That is well over the current USD price of 1200, which is about 800 US dollars less than 1800 euros. No one could make profits trading on that whatsoever, thats close to 50% fees, which means gold would have to go up that much to break even...

Can it be that gold here is more expensive here?

No,

He quotes a price of $1200 an oz (31.1g),  the combibars are 50g.

Combibars do carry a higher premium that generic gold by a few %.

https://autrading.co.uk/product/valcambi-combi-50-gram-999-9-fine-gold-bullion-bar/?cat=266&page=1

[ranlo]

1800 EUROS FOR AN OUNCE OF GOLD!
That is well over the current USD price of 1200, which is about 800 US dollars less than 1800 euros. No one could make profits trading on that whatsoever, thats close to 50% fees, which means gold would have to go up that much to break even...

Can it be that gold here is more expensive here?

No,

He quotes a price of $1200 an oz (31.1g),  the combibars are 50g.

Combibars do carry a higher premium that generic gold by a few %.

https://autrading.co.uk/product/valcambi-combi-50-gram-999-9-fine-gold-bullion-bar/?cat=266&page=1

This is what I was going to bring up... the weight difference. Essentially, those bars are $1929.26 in USD, which is equal to 1771.83 euros. Not far off from the 1800 euros quoted.

[Chef Ramsay]

Gold and silver, being heavily manipulated by central banks, are great to have for barter in the shtf scenarios where say a farmer or rancher would give you priority over others that would pay in fiat. Plus, these banks have every reason to keep manipulating to protect their fiat. Those that are playing bitcoin right now are just accumulating as much as possible before they let it go up again.

[Saw]

To be honest I wouldn't put money into either Bitcoin or Gold.If I had 2,000 USD to invest right now I would by Oil,and not futures I mean straight out own the barrel.It is what 48.00 a barrel today......I would hold half of it til it hits 60.00 then dump half and reinvest profits at slightest dip.Or at that time by gold.I would never buy BTC ....It is on a death slide IMO and will be replaced by whats known as a Gen 2 hybrid cryptocurrency.But this is just my opinion.Do whatever you like.

Gen 2 hybrid cryto? What's that?
Is there any post about that?
And... Dose it'll be more "profitable" than bitcoin?
Sorry for questions, but I'm really curious about it
Anyway, Thanks in advance

 Gen 2; referring to the innovations in cryptocurrency technology.

 Ok,in as brief as I can make it....Bitcoin,Litecoin,and Dogecoin are the most successful cyptos available at this time.They all operate on what is know as a POW(Proof Of Work)blockchain.This is a more complicated process than I wish to disclose here.Be that as it may,they and other cryptos are then called Generation 1 cryptos,in reference to the 1st of its kind.

 A Generation 2,gen 2 for short,is a crypto that uses a combination of a POW blockchain with a POS(Proof Of Stake) blockchain.This combination makes it a hybrid,Some Gen 2 cryptos are 100% POS.

 The POS system greatly reduces the transaction confirmation times thus speeding up transactions and also allowing for less energy consumption.Which is a huge plus when it comes to online purchases,and the concept of using crypto debit cards at Point of Sale registers in participating retail stores.

 There are other benefits ,such as the individual is able to earn interest on the balance one holds in their wallet,The hybrids offer mining and staking which keeps their networks active....The biggest drawback to Gen 2 POS cryptos has been they are prone to forking.There has been significant advancements to overcoming this problem and the more successful Gen 2's almost never fork.

 I do not claim to know which of the Gen 2's will become the dominant coin.I currently hold many different wallets and actively stake 10-12 at a time on a VAIO laptop with no difficulty.However some of the more successful ones available at this time are,Blackcoin,Pandacoin,HTML5,Orbitcoin......The list goes on and on.It is my opinion that the current gen 1 coins we see being dominant today will be obsolete in the near future.I would further state an opinion that the current low price of BTC is a result of the competition it faces with some of the more successful Gen 2's and the market economics of trading on cryptomarkets...

 Hope that answers your question.If you'd like to know more start at the websites of the coins I listed above,and check out their forums.If you aren't already aware you will soon find there are hundreds of competitors,and many are being actively traded on crypto exchanges such as Crptsy,Bleutrade,etc

[cyberpinoy]

If you are going to buy gold, watch for the banks contracts to expire with their investors, banks have a huge habit of driving the gold price down when its time to pay their investors on the contracts that are about to expire. that is the best time to buy gold because they have literally demolished the price purposely to keep them from paying billions of dollars in profit to their investors.

I would also wait for Bitoin, because remember tax return season is in full effect in USA, and if there are people interested in getting in tax return time is their best way to do so. If we do not see a nice little rise in BTC value between now and the end of may, i would say the value we see will be there for a while, because it means not even investors are interested in Bitcoin anymore. Since the only thing Bitcoin has for a demand is its tradable value on the markets, when those are diminished, bitcoin has nowhere to go but down in value.

As far as commodities are concerned the oil guy above is right, The sanctions on Russia will eventually all be lifted and the Europe oil business will get back on its way, when it does the oil prices will go back up to the 80 to 100 a barrel area, right now they are low because of the sanctions USA put on Russia and to compete USA demolished the oil prices to be able to service the Europe clients with the oil they sanctioned on Russia. When USA is no longer providing oil over there in any way, the price will go back up.


The POS coins for crypto investments, I agree with the above poster, however I do own a POS mining site so you know. But POS coins are more energy efficient, some of the ones he has listed are not my favorite, we even removed Blackcoins from Stakeminers.com because its yearly interest rate is lower than a bank can offer. But I agree with the rest of his post.

[Warren Buffett]

Clearly Bitcoins have a great chance to double, triple, or more in less than a year. Gold will not do that well.

Bitcoins have a great chance to be worth half, one third, or less a year from now. Gold will probably not do that bad.

[Braino]

Clearly Bitcoins have a great chance to double, triple, or more in less than a year. Gold will not do that well.

Bitcoins have a great chance to be worth half, one third, or less a year from now. Gold will probably not do that bad.

Nice adoption of the losing group mentality. If only I could reclaim the time I lost reading that.


Buy gold, then go find another forum and hobby since crypto is not for you.

or

Buy Bitcoin.
Pay attention.
Make moves.
Profit.

Far more exciting (and profitable)

[markj113]

Clearly Bitcoins have a great chance to double, triple, or more in less than a year. Gold will not do that well.

Bitcoins have a great chance to be worth half, one third, or less a year from now. Gold will probably not do that bad.

Nice adoption of the losing group mentality. If only I could reclaim the time I lost reading that.


Buy gold, then go find another forum and hobby since crypto is not for you.

or

Buy Bitcoin.
Pay attention.
Make moves.
Profit.

Far more exciting (and profitable)

Wise words from someone thats been on the forum 4 days, its all or nothing in BTC land  

[Amph]

Clearly Bitcoins have a great chance to double, triple, or more in less than a year. Gold will not do that well.

Bitcoins have a great chance to be worth half, one third, or less a year from now. Gold will probably not do that bad.

the chance of bitcoin to going higher is above the change of it going lower, if you see the full chart from 2009 to today you will understand why

gold on the other hand is the definition of stagnant...

[Lboss]

Clearly Bitcoins have a great chance to double, triple, or more in less than a year. Gold will not do that well.

Bitcoins have a great chance to be worth half, one third, or less a year from now. Gold will probably not do that bad.

the chance of bitcoin to going higher is above the change of it going lower, if you see the full chart from 2009 to today you will understand why

gold on the other hand is the definition of stagnant...

Completely agree. Besides , Bitcoin is in still infancy. The real big explosin in price will happen after masses start to use it.
Now, we are still relatively small community. Whenever new services are released , more and more people will use bitcoin. And that day you will regret to buy from todays price.

So, OP. Buy at least 80 % BTC and 20 % gold. And if you dont need money urgently. You can hold 100 % BTC.

Ps: Not an investment advice.

[UnDerDoG81]

Both, Gold and BTC get manipulated. Pick whatever you want.