Topic: Bitcoin or gold? - page 449. (Read 984457 times)

This is not a theoretical future event, its already the case that people have placed in prison for using or mining bitcoin.   I read this was the case in Venezuela though it could be misinformation, I think its quite likely as the government has a giant fiscal deficit thanks to low oil price and is making up the difference in new money.   Also there is precedent in similar cases of a government struggling to maintain its monopoly over transactional currency, inflation is a form of tax not understood by populations.  The USA devaluation of gold was a form of taxation, it formed the start of big government spending as the biggest benefactor was the largest holder of gold which is US gov at that time
 Now BTC which is not held or controlled is a natural opposition to currency controls as we saw in China also


Palladium is mostly related to Car exhaust usage as a fume filter so it is industrial and also mostly mined in Russia.  Silver is also industrial and a bi-product of lead and other metals mined.  Only gold is fairly unique in its usage as precious metal only

Well thats a huge resume you made there lol,you had conviced me but ,what is the minimum ammount of gold we can purchaes online?Bitcoin i believe its a portion and we can buy anytime without to show identy i believe gold owners must pay to someone to hold the gold as some extra fee.

though you cant earn a lot of money with that in my opinion because the price doesnt fluctuate so fast

with bitcoin you can earn a lot of money in small time so i think its the best investment option right now

Gold, Silver & Palladium, That's where its at in the precious elements game.

Well, thanks for your comprehensive response. I agree with most of them. Although I doubt if they try to imprison people who own bitcoin.

Its safe to say gold will always be here right next to paper money.

As long there is paper money there is a need for gold, which is used for treasuries to claim as insurance for banks.

I find quite amusing that people here keep spouting off that gold is dying and bitcoin is taking over.

I have no emotional attachment to any investment but these guys are 100% crypto focused geeks that have no idea of the larger world.

You have to realise that -

a) Bitcoin is a gamble, nothing more nothing less.  Great to invest a small portion of your wealth in.

b) Gold is your insurance, when the financial system goes tits up people always flee to gold for safety driving the price up, about 20% of your wealth.

c) The rest spread through property investments, stocks and shares - Investments that produce income and return on your money.

Bitcoin is taking over from Gold
Bitcoin currently has 0.086% of gold's market cap - get a grip and rejoin reality.

If gold is dying why is china and russia litterally buying it by the tonne every month?
The people that advise these countries are far more intelligent than most of you here, plus they have insider knowledge that you wont know until its too late.

Why is the West selling their gold to China/Russia?
Simply because they are bankrupt.  The US and Europe are insolvent and have past the point of no return, they are desperate for cash and will do anything to get it including starting wars for natural resources.

Bitcoin is great, the price only ever goes up and is about to go the moon
Same shit constantly quoted here.  If this is the case then why hasnt any large banker organisation, hedge fund or any other large financial institution just come along and purchased a few hundred million $ worth of bitcoin.  They could easily do this.

Bitcoin will become a global curreny/reserve currency/overtake xxx currency
No government/bank will ever allow this to happen, money is control over sheeple and they are not about to give up that power any time soon.
You people are mearly Beta testers for crypto currency.
When the bankers are happy it works and is secure they will release a version they control then ban bitcoin globally with large fines/prison terms for those caught using it.

Gold price is too stable/Bitcoin price volatility makes it easy to earn loads of money
If its that easy then why arent all you dumb fuckers stinking rich and out living life rather than trawling this forum daily

We also don't know what happen to gold someday and we also don't know what happen with us someday. Better to risk one time to know what was better

strange statement. clearly apparent gold is very beneficial. gold stored with us could benefit greatly in the future. whatever happens gold is the best investment at this time.

Gold will not exist in the future ? lol, i don't think so man. When someday gold can't be found anymore, gold price will increase. and bitcoin also good, but we don't know what happened to bitcoin someday.

Soo you made in around 7 years what the gold owner has made on the last few years(20 years maybe)and investing ,buying the gold,and you have something around 20k or more without any investment soo this shows the bitcoin power under any other investment.I believe nothing else must be asked or said here ,we have a winner already,bitcoin.

Well its not better because gold is very good for a long term investment, look at the point that its also very stable.
Bitcoin is good for a short term because you can make profit on a short term.

Have you bought is physically or virtually? If it is just virtually (through ETFs or certificates for instance) then you do not really offer it.

Bitcoin is always better than gold.. because bitcoin is increasing year by year.. unlike gold its slow increasing and sometimes the price of gold is slowly decreasing unlike bitcoin all are increasing fast and slowy decreasing..

Both they are very good. But you can see now that the using of gold now is reducing and Bitcoin is rising.
So you also know that gold will not exist in the future later, because the world is also becoming more digital.
And if it become more digital than gold will be not useful.

i didn't invest a penny, i'm just mining altcoin and dump for bitcoin, i don't have 75k in bitcoin, but i've still a nice amount, if you really want to know i have an amount with four zero and not a 1 for the first digit all made from zero, just with mining and signature

you must admit that this is more impressive than simply buying or be lucky in trading

Gold is old but the price is always stable, for 10 years i think gold price will not decrease so much. In the other hand, invest on bitcoin for 10 years is risky imo.

Yes but overall for big investors the volatility of bitcoin might be too much, Although gold has already lost a % of it's price few years ago it's still less volatile overall from bitcoins, that might discourage some investors from BTC.

So how much gold have you bought and sold?

At a guess none.

I have bought and sold gold for quite a few years now, not once have been asked for I.D selling gold at any time.


100,000 retails globaly, like I said about 0.000001% then.

Currently I have approx $75k worth of gold so know what I am talking about.

How much do you have invested in bitcoin I wonder?

i know you need to give some documents you can not simply sell it and forget like it is a second hand stuff

i'm sure the usage of bitcoin is not as insignificant as you make it

http://www.ibtimes.co.uk/bitcoin-now-accepted-by-100000-merchants-worldwide-1486613 and this was last year with the bad sentiment at the beginning

even some gold dealers accept bitcoin