Topic: Bitcoin or gold? - page 225. (Read 984457 times)

That's right bitcoin has an ability to bounce back in quick time which is never possible with gold and if you compare the price then bitcoin will be much higher in future as the supply of bitcoin is limited and when demand will go higher in future it will directly contribute to the higher price of bitcoins.

Wait what I didn't get your point in starting you saying gold is a better investment and then you conclude by saying bitcoin is a better investment could you please stick to one point and also I would counter your gold part if you see bitcoin is mostly increasing even if there is a really drastic drop while gold if there's a really big drop it takes years to recover.

yeah bitcoin has a bright future so that bitcoin prices will definitely higher in the future. may be 2 or 3 times higher than current prices
so it is recommended to choose bitcoin

There is also the Russian palladium ballerina series :



Palladium maples :


Palladium panda :

to issue profitable bitcoin might be more on the favorites because bitcoin high potential in the future and bitcoin price changes very fast, so it is very profitable for investors

Silver is not a rare metal, as around 30,000 tonnes of the metal are mined out annually. Compare that to ~200 tonnes per year for Palladium. That was the only reason why I classified Palladium as a bullion metal suitable for investment, and silver as an industrial metal.

No doubt,i would choose Bitcoin.It has doubled in the last six months from $650 to $1280 now.Block chain system is considered now as the most secure system in the world. There is no fear of loss.It is still expected to increase in future.I hope i could become a millionaire in future by holding large amount of bitcoins.

In fact, palladium had been used for monetary purposes in the past

Though this usage was rather limited, of course. Ironically, it was used in none other than the former Soviet Union. I refer here to commemorative coins minted from this metal. Maybe, some other counties also minted coins from palladium but I haven't heard about them. I'm not very much into numismatics, honestly, I had a few rare coins in the past but I gave them all away as gifts



A Russian tsar, Ivan III, is portrayed on the obverse. He is considered as the founder of what later became known as Russia

Thats pretty much my thinking.   Not that the ratio really relates to accuracy of anything but its mostly likely that gold is undervalued and behind the curve in its appreciation.

Silver is used in solar polar, its a very useful practical and efficient metal.  Its special in all kinds of ways and in addition it might be used for some secondary monetary use however its primary use is industrial and it will always be mined incidentally and in quite great amounts.   Any spike in silver is going to be in the tail end of a system which has lost its integrity, most of us know this is possible now.

In recent years silver is less used, less base demand due to photography.  Digital cameras use far less silver and none at all in used to create the actual photos of course.  Printers use little silver and none in the ink that Ive ever heard of.  The rise of electric power is its most likely future growth industry, it has a unique place there so Ive read.   There is a big tech release of a new battery recently, its not using silver in that design not sure but I think silver will be relevant in some quantity

The other noble metals are often related in demand to car production for pollution and emissions reduction


Palladium seems very stable.   Ive read it is not suitable for monetary purposes as its not equal in its distribution.   Russia has the vast majority of known reserves, in some crazy world Russia is the reserve currency maybe you will see this metal used for that.   
Hopefully not because it would be equal to our system now where the main producer and controller of dollars is USA and they manipulate the market in their favour debasing worth and distorting capitalism

Sounds like Bitcoin for gambling, shoveling all wins into a gold vault. Parity between Gold and Bitcoin incentivising that move.

You seem to be heavily misinformed about the real causes behind that rally

Just a hint, gold had been rising along with silver as well. But I didn't hear that it was used in the solar sector (though it should have excellent reflectance if that matters, of course). The primary reason behind the price rally in these metals (and this is not just my conclusion) was massive quantitative easing run by the Fed back then, and it meant just that, i.e. devaluation of the dollar. In regard to silver, more specifically, the price surge was also intensified by severe market manipulation, and this is not a secret either. Trading rules were eventually changed after the investigation into the silver market rigging had been conducted soon thereafter

Being able to buy both is probably the best. I find gold very stable and secure when it comes to it's value. Especially in unstable currency markets.

Bitcoin is in a way the exact opposite. Bearish/Bullish and thus very volatile.

i will choose bitcoin too like you, i see that bitcoin have a good future and i think its good for to trying with bitcoin because bitcoin can be get for free and i don't have to spend my money, i can have it for free by doing anything. but for gold, i think i should buy it and for now, my money isn't enough to buy gold.

Not always true, silver spike in 2011, when it reached $50 per ounce, was caused by solar industry, it had nothing to do with dollar and his value decreasing. Later they figured out a way to replace silver, so they didnt need it that much like they initialy thought, so it drove price down same as it went up. So... I better hope for industry to make up something new, of course something that need plenty of silver for it

I think you'll find platinum and palladium are also classed as industrial metals.

What you invest in depends heavily where you live e.g. in the UK Gold is tax free whereas every other precious metal is subject to 20% VAT tax (can be reduced by sourcing elsewhere in the EU but tax is still payable taking you way above spot price)

That's the point that I can't but agree with

The problem with gold, silver and other precious metals is that their value cannot increase much on their own. Their price in essence follows the value of the US dollar (in reverse order, obviously), i.e. if the latter appreciates (rises in value), the price of precious metals goes down and vice versa. So even if the dollar plunges heavily, the value of PM's won't increase as much. For example, if the greenback loses its purchasing power by 50% (i.e. twice, which is still unlikely), we could hardly expect that the prices of these shiny metals would increase more than that. Bitcoin, on the contrary, has been gaining in value all by itself, mostly independent of the US dollar, which it just happens to be priced in

The point for understanding what would be profitable is related time span,
for sure now right now I will choose btc, that could become easily a "cubic gold" with a 5 digits value.

I'm curious what makes you think that palladium is somehow more precious than silver. Indeed, if we just take a look at the current prices, palladium costs about 774 dollars while silver around 18 dollars per ounce. But we should remember that palladium has also massive use in various industries. For example, it is primarily used as a catalyst in different chemical processes. In fact, more than half of the annual supply of this metal goes into this field. I guess we could well say that it is primarily an industrial metal

Other than that, there are a lot of rare metals that cost a lot more than palladium, silver and gold combined

As quoted there are lots and lots of metals that are much worthy and valuable than gold and platinum. But gold is the one that gave people the trust because of its usage for value backing by governments. The profiting difference makes people to decide bitcoin or gold upon their need.

only gold for jewelry and for investment

bitcoin could for investment and a means of payment on line
in this case I prefer bitcoin with fluktuativ and competitive prices