[2015-03-21]WHEN THE DOLLAR COLLAPSES, WHICH IS BETTER FOR YOU? GOLD OR BITCOIN?

[evandersmart]

Evander Smart article on CCN Investigates

https://www.cryptocoinsnews.com/dollar-collapses-better-money-gold-bitcoin/

[1Referee]

I will always choose for Bitcoin.

#1 : For safety purposes. I definitely don't want a huge stash of gold in my house.
#2 : What if you're in urgent need of food or any other daily needs and something cost just 1 gram of gold, and the only thing you have is a gold brick of 1000 gram??
#3 : Current world economy is becoming more and more digital with the day. Gold is a physical good, how do you get something like this in digital form without worrying about corrupt companies and governments?

With Bitcoin you can avoid all things written above. And I'm sure there are more reasons why Bitcoin will be a better choice for people.

[unamis76]

Give me Bitcoin anytime. It has the store of value capabilities of gold and it is useable as a payment method, just as the dollar. Best of both worlds, so no doubts here, no articles needed

[TheGame]

Bitcoin is obviously the far superior currency. Gold would be a decent store of wealth but it's really not practical top use as a tangible currency. I don't think the dollar is going to collapse anytime soon though, but if it does I think I'll be safe with my bitcoins  .

[MegaFall]

Well if the dollar collapse the government will probably just confiscate all the gold again... so gold would be the idiot way to go.

FDR Executive Order 6102 (Gold Confiscation during the 30s) - http://www.cmi-gold-silver.com/gold-confiscation-1933/

[jjacob]

Well if the dollar collapse the government will probably just confiscate all the gold again... so gold would be the idiot way to go.

The question is not just from the perspective of an American citizen.
For the Chinese, the US government trying to seize gold is not a problem. 

[bitbouillion]

Well if the dollar collapse the government will probably just confiscate all the gold again... so gold would be the idiot way to go.

FDR Executive Order 6102 (Gold Confiscation during the 30s) - http://www.cmi-gold-silver.com/gold-confiscation-1933/

There is no reason to do that, because the Dollar is not backed by gold anymore. Hyperinflation is government induced for a reason because it wipes out all their debt. I guess skyrocketing gold prices are welcomed and the government will not install measures to eliminate the gold market.

[dhimasnk]

If the dollar collapses, I will choose the bitcoin.
Why?
Yes, because bitcoin is more practical, not extravagant place, can be taken anywhere, bitcoin is very easy to be exchanged, etc.

[lyth0s]

As long as bitcoin continues to have value bitcoin could perform the roll of money easier than gold. The problem with gold is that its divisibility is limited and even more so if it's price rises. Like I've said in the past, I'm not one for going back to carrying satchels of gold dust around with me to make daily purchases.

[Fiiasco]

I would choose 1/3 gold, 1/3 silver and 1/3 bitcoins.

Bitcoin's future is probably bright but obviously uncertain. Same with gold and silver, although they have been around for thousands of years.

Just to be safe.

[lyth0s]

I would choose 1/3 gold, 1/3 silver and 1/3 bitcoins.

Bitcoin's future is probably bright but obviously uncertain. Same with gold and silver, although they have been around for thousands of years.

Just to be safe.

Are you using gold and silver as a Money though? Or simply as a store of value?

[Bit_Happy]

I would choose 1/3 gold, 1/3 silver and 1/3 bitcoins.

Bitcoin's future is probably bright but obviously uncertain. Same with gold and silver, although they have been around for thousands of years.

Just to be safe.

1/4 gold, 1/4 silver, 1/4 bitcoins, and 25% in booze and smokes (only if you don't drink and smoke), since they can easily be traded for things you need.

[Hazir]

I would choose 1/3 gold, 1/3 silver and 1/3 bitcoins.

Bitcoin's future is probably bright but obviously uncertain. Same with gold and silver, although they have been around for thousands of years.

Just to be safe.

1/4 gold, 1/4 silver, 1/4 bitcoins, and 25% in booze and smokes (only if you don't drink and smoke), since they can easily be traded for things you need.

Haha. It is some nice survival plan in case of Zombie Apocalypse. But I think it will come in handy when Dollar collapse too. But frankly I have enough of articles like that. Dollar is not gonna collapse anytime soon. I would be worried much more about euro collapsing, as eurozone is under some crysis with Greece, Cyprus and other weak economically countries.