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Topic: Bitcoin or gold? - page 409. (Read 984547 times)

hero member
Activity: 742
Merit: 500
May 27, 2016, 06:12:08 PM
or idiots buy them on ebay.

Not hard to spot the fake -


That is very good fake

If it is made of .9999 Au - I would buy for for spot price Smiley

STT
legendary
Activity: 4102
Merit: 1454
May 27, 2016, 06:06:19 PM
Year 2003 confirms that the coin has changed many hands, lol

Gold isnt used by many hands, that is the problem.  There is no excuse for wear on any modern minted coin.    Im not sure why this is an issue to discuss on coins, its hard to duplicate an exact dimension and weight because only one element fits and that is gold.
  If people dont even examine what they are buying then sure its going to be a problem but if you know the specifications of the coin then why is this even a thing.   who is so rich here they havent got time to double check a $1,200 purchase for ten minutes
hero member
Activity: 840
Merit: 1000
May 27, 2016, 04:49:40 PM
Now I am  fan of gold but I want to do an investment and do not deal till next 1-2 years then I would say gold is better option.

Gold will always help you in long run and you can trust it with closed eyes as gold holds maximum number of satisfied customers which bitcoin don't at this stage.
hero member
Activity: 826
Merit: 1000
The All-in-One Cryptocurrency Exchange
May 27, 2016, 04:40:05 PM
Now I am  fan of gold but I want to do an investment and do not deal till next 1-2 years then I would say gold is better option.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
May 27, 2016, 03:41:08 PM
or idiots buy them on ebay.

Not hard to spot the fake -

To me, the coin on the left looks only slightly more worn out, nothing beyond that. I don't think it requires much effort to make the details more pronounced...

Year 2003 confirms that the coin has changed many hands, lol
legendary
Activity: 2254
Merit: 1043
May 27, 2016, 02:46:11 PM
or idiots buy them on ebay.

Not hard to spot the fake -

legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
May 27, 2016, 02:39:18 PM
I didn't mean that you should prove that you are the owner of the gold that you offer as payment. How are going to prove that the piece of gold (coin or a gold nugget) you pull from your pocket is actually gold and not tungsten covered with a thin layer of titanium nitride, lol...

Papers can be fabricated even more easily than gold

If you buy gold coins it doesnt take a genius to spot a fake over the the real thing.

Even the newest fakes look shit compared to a real one, the detail is always off

But you still can't deny the fact that the very existence of fake coins proves that there are people which can be fooled into thinking they are holding the real shit, right?

A fool and his money are soon parted
legendary
Activity: 2254
Merit: 1043
May 27, 2016, 02:28:22 PM
I didn't mean that you should prove that you are the owner of the gold that you offer as payment. How are going to prove that the piece of gold (coin or a gold nugget) you pull from your pocket is actually gold and not tungsten covered with a thin layer of titanium nitride, lol...

Papers can be fabricated even more easily than gold

If you buy gold coins it doesnt take a genius to spot a fake over the the real thing.

Even the newest fakes look shit compared to a real one, the detail is always off.

Obviously a different story for bars though as there are some good fake pamps and Perth mint bars.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
May 27, 2016, 02:15:24 PM
I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.
yeah with bitcoin you can pay for goods and so forth. while the gold? You can not do the same thing with gold. but if you have the gold. it can be used as jewelery dude

Well if barter is still allowed and happening to your country o city, you can still pay off gold for the goods and products that you are going to buy

You may try to pay in gold, but how are you going to convince the seller that your gold is authentic?
I think if you have gold you have also a papers to know if you are the owner.but i didnt know if really needs papers.. because never experience yet.. its better to stay in bitcoins because dont needs any papers or anything..

I didn't mean that you should prove that you are the owner of the gold that you offer as payment. How are going to prove that the piece of gold (coin or a gold nugget) you pull from your pocket is actually gold and not tungsten shit covered with a thin layer of titanium nitride, lol...

Papers can be fabricated even more easily than gold
legendary
Activity: 2254
Merit: 1043
May 27, 2016, 01:33:46 PM
Speak out why investing in gold for me it's bad.

  For example, we have decided to buy gold in the bank. First, the difference between the purchase and sale of metals, in particular gold, can reach up to 10% or even more. In addition, VAT will be added to the amount of the purchase price. At the moment, the VAT rate is 18%. That is, if we are to change your mind and sell gold in the same moment when it was purchased, then immediately lose up to 30%. On the other hand, to sell the purchased gold into the black have to wait a long time until it will grow in value.

Since the VAT is 18% for you, I guess I can safely assume where you are from (and from your post history, lol). Thereby, you should have made it clear that the value added tax is only applicable if you buy gold in billion. Gold coins, on the contrary, don't have VAT imposed, so you are telling only half the truth and the wrong one at that...

You should pay the income tax when you sell your coins with a profit later (as for most assets within 3 years after the purchase)

In the UK there is no VAT payable on any gold (bars or coins)

only silver, platinum, palladium.

UK legal tender coins like sovereigns and Britannias are also capital gains tax free too.

@ crairezx20 - You do not need papers to prove ownership - not sure what dictatorship you live under?
legendary
Activity: 1638
Merit: 1046
May 27, 2016, 01:31:47 PM
I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.
yeah with bitcoin you can pay for goods and so forth. while the gold? You can not do the same thing with gold. but if you have the gold. it can be used as jewelery dude

Well if barter is still allowed and happening to your country o city, you can still pay off gold for the goods and products that you are going to buy

You may try to pay in gold, but how are you going to convince the seller that your gold is authentic?
I think if you have gold you have also a papers to know if you are the owner.but i didnt know if really needs papers.. because never experience yet.. its better to stay in bitcoins because dont needs any papers or anything..
legendary
Activity: 2058
Merit: 1030
I'm looking for free spin.
May 27, 2016, 01:25:57 PM
I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.
because bitcoin is a currency it's different with gold in other people view and they not know about bitcoin they thinking gold is a good investment and one things gold win is you can use gold as a collateral for your request loan.
Yeah right bitcoin is still need more adoption and more impression.. and bitcoin  has no physical and you can touch it.. unlike gold anytime you can touch it sell them locally and yeah you can use it to loan..
hero member
Activity: 518
Merit: 500
May 27, 2016, 01:03:06 PM
I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.
because bitcoin is a currency it's different with gold in other people view and they not know about bitcoin they thinking gold is a good investment and one things gold win is you can use gold as a collateral for your request loan.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
May 27, 2016, 10:25:37 AM
I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.
yeah with bitcoin you can pay for goods and so forth. while the gold? You can not do the same thing with gold. but if you have the gold. it can be used as jewelery dude

Well if barter is still allowed and happening to your country o city, you can still pay off gold for the goods and products that you are going to buy

You may try to pay in gold, but how are you going to convince the seller that your gold is authentic?
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
May 27, 2016, 05:33:10 AM
I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.
yeah with bitcoin you can pay for goods and so forth. while the gold? You can not do the same thing with gold. but if you have the gold. it can be used as jewelery dude

Well if barter is still allowed and happening to your country o city, you can still pay off gold for the goods and products that you are going to buy.
But since it is not that popular this day, so bitcoin is much more reliable in our times.
sr. member
Activity: 476
Merit: 250
May 27, 2016, 05:21:13 AM
I go for the bitcoin because its very profitable and it has also nice features compared with the gold.
With the bitcoin you can also pay things.
yeah with bitcoin you can pay for goods and so forth. while the gold? You can not do the same thing with gold. but if you have the gold. it can be used as jewelery dude
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
May 27, 2016, 02:54:01 AM
Speak out why investing in gold for me it's bad.

  For example, we have decided to buy gold in the bank. First, the difference between the purchase and sale of metals, in particular gold, can reach up to 10% or even more. In addition, VAT will be added to the amount of the purchase price. At the moment, the VAT rate is 18%. That is, if we are to change your mind and sell gold in the same moment when it was purchased, then immediately lose up to 30%. On the other hand, to sell the purchased gold into the black have to wait a long time until it will grow in value.

Since the VAT is 18% for you, I guess I can safely assume where you are from (and from your post history, lol). Thereby, you should have made it clear that the value added tax is only applicable if you buy gold in bullion. Gold coins, on the contrary, don't have VAT imposed, so you are telling only half the truth and the wrong one at that...

You should pay the income tax when you sell your coins with a profit later (as for most assets within 3 years after the purchase)
sr. member
Activity: 416
Merit: 250
Have a mining rig
May 27, 2016, 02:49:36 AM
I will prefer Bitcoin. Although Bitcoin fluctuating prices. But the price of bitcoin from day to day changes quite rapidly it may fall and could also rise.
Not like Gold, the price change is too long depend on bitcoin.
full member
Activity: 196
Merit: 100
May 27, 2016, 01:54:01 AM
Speak out why investing in gold for me it's bad.

  For example, we have decided to buy gold in the bank. First, the difference between the purchase and sale of metals, in particular gold, can reach up to 10% or even more. In addition, VAT will be added to the amount of the purchase price. At the moment, the VAT rate is 18%. That is, if we are to change your mind and sell gold in the same moment when it was purchased, then immediately lose up to 30%. On the other hand, to sell the purchased gold into the black have to wait a long time until it will grow in value.
full member
Activity: 224
Merit: 100
May 27, 2016, 01:20:21 AM
Gold nowdays is much safe and profitable so at my opinion better to choose gold, but bitcoin have huge potential and bitcoin is very promising.

Not at all, gold is these days not so good... its even lowered in price and by the way its also not safer if people know you got a good amount of gold they will rob you for sure with the bitcoin this is gonna be way more difficult.

Are you going to carry gold everywhere you go? That is simply impossible, you will always keep gold safe at home and that doesn't goes same with bitcoin you can carry as much as you can.
And because of this problem, the gold certificates or gold-backed money emerged, which then turned into paper money that can be used to make transactions. And others, take a look at what material used to make jewerly that worn by people? Much of them are golds! In conclusion, you can bring the gold anywhere (surely not gold bars, lol).
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