Well both of them have values, the fact is it's not only dependent on the market but it's also dependent on the usage and the community as well, for example in India, people can use gold like USS, anywhere, they can exchange it within seconds or even buy something else with it. But in other countries this asset is more digitalized.
Plus gold is not printed. We know for a fact that the diamonds are controlled by the big companies to make sure their price remains high but gold is more dependent on the mines and the mineral reserve in the particular state or the country so government doesn't really have a big say in it. They can certainly make changes in the way it's traded and make laws about trading etc.. but they cannot go back in time and make entirely new mines for gold. Plus after the rule of Britishers they stole a lot and not the distribution is not just dependent on geography but on other things as well.
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My friend, gold is not printed by governments like banknotes, but rather it is extracted from gold mines located in the ground. There are limited quantities of gold that can be extracted from the ground and some countries do not have gold in their territories at all, so the amount of gold is limited and this is what makes it of high value Unlike money, you can print whatever you want from it.
I agree with you that cryptocurrencies are more practical than gold, you can use cryptocurrencies for daily transactions as well as for cross-border financial and commercial exchange, while it is not possible through gold, so we can use gold to maintain the value of assets and use cryptocurrencies instead of paper money in daily transactions and also across borders .
I agree with you that cryptocurrencies are more practical than gold, you can use cryptocurrencies for daily transactions as well as for cross-border financial and commercial exchange, while it is not possible through gold, so we can use gold to maintain the value of assets and use cryptocurrencies instead of paper money in daily transactions and also across borders .
Gold price also will fall if the supply increases or the demand decrease but nothing like that happened for centuries because gold is the most trusted asset to invest at any time but its not really the best at ROI. While talking about the fiat bills its completely different from.gold because government can print any amount they want whereas gold can be only mined as much they available.
If you are talking about inflation as if in the monetary inflation, yes printing more gold is also inflation. But the key here is the rate. You cannot just print more massive gold "out of thin air." Also, gold is money, and people value hard money more than currency. Bitcoin in the universe without altcoin is even harder money than gold IMO, but the problem is its value has been under dilution by thousand of altcoins. If you value this other cryptocurrency, the supply will be unlimited, just like fiat. Meanwhile, you can't create synthetic gold (yet).
What are you talking about? Gold is not printed; it's mined just like what Oshosondy said. It requires physical energy and equipment to retrieve it efficiently. It has multiple steps process to obtain, whether it's about separating the actual gold from the everyday dirt or anything that gives you Gold. It's the result. There's scarcity in the amount of Gold, but none of it's too little to be significant with fiat.
If you know the history of money or how actual people trade, it's with the use of precious metals that other people might think is worth changing for. In the old times, the trades are happening with different stones or any livestock to buy something. Gold Standard was created to ensure that there's enough value backing fiat. Sadly, it was removed and not active anymore, and they can print even more.
If you know the history of money or how actual people trade, it's with the use of precious metals that other people might think is worth changing for. In the old times, the trades are happening with different stones or any livestock to buy something. Gold Standard was created to ensure that there's enough value backing fiat. Sadly, it was removed and not active anymore, and they can print even more.
Why do people value gold more than money?
Gold is also money because it has value, what you want to say is fiat, be specific.If more gold is printed then it is not inflation but if more money is printed then how is this inflation?
Fiat is printed and devalued by governments but gold is mined but the demand increased the price, the fiat price decreased by governments is also responsible for increase gold price.If printing more dollars causes inflation then people should buy cryptocurrency instead of gold and if that happens then gold will be of no value. Once gold loses its value, a surge in currency will not lead to inflation, because then the value of cryptocurrency will exceed gold.
Why not hold both gold and bitcoin, there is nothing bad in that, but I will go for bitcoin first. You said gold are used for jewelry, also used for many other fashion designs, this can not make gold go valueless, people will also still hold gold, but I will consider bitcoin first. 
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