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Topic: [2019-06-05] Gold Can’t Compete With Bitcoin as Form of Money - page 2. (Read 292 times)

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https://www.kitco.com/news/video/show/Kitco-NEWS/2424/2019-06-04/Gold-Cant-Compete-With-Bitcoin-As-Form-Of-Money#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS

When it comes to recognition as "money" and a "store of value", Bitcoin out-competes gold on its practicality and versatility, said Clem Chambers, CEO of ADVFN

I could not take enough gold out of the country for it to be useful to me if I had to leave the country; if I was a South Korean and I thought the North was going to drop a bomb on my city, if I was an Iranian that was running away from people in Iran. There are all sorts of reasons why I would want to take a lot of money abroad. I can’t take more than $10,000. In gold, I can’t carry enough, it’s too heavy. I can’t take, say, 20 kilos of gold to the airport.
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