Topic: Bitcoin or gold? - page 535. (Read 984460 times)

I totally agree with you. I would also choose both but I see more potential in bitcoin and I think it will be way more promising than gold will be. I would invest in both gold and bitcoin but more in bitcoin because in ten years it will be ten times bigger than gold.

Exactly. Bitcoin has only been around for a few years yet it has grown ten times faster than the price of gold. Both of them are great to invest inn but I would rather invest in bitcoin because it seems more profitable and in ten years it will be HUGE!

To all the people discussing volatility and comparing gold and bitcoin in terms of it, I think that as a new technology, bitcoin is subject to much more volatility than gold. But over the long run, given the fact that no new bitcoins will be mined after the 21-millionth, we can expect it to ultimately serve as a better store of value than gold. So there is certainly much more than hope for bitcoin, there is a future.

The only way Gold won't go up is if people stop valuing it. At some point in the next couple decades, if there is a point where a new currency like crypto currency takes over the world and there is no value for fiat currencies which are backed by gold, there will no more be a value of gold. It will be just another luminous metal used by women as shiny jewelry. Unlikely to happen now, might happen someday.

I remember when I was wanting to buy gold in 2008, it was valued at $800. Now it was at $1200 late last year.
Gold will always go up, I don't know if it because people think it is a safer than any other product to own.
But gold will always go up in value. It only dips slightly at times but not like the way cryptos do.

I dont think so,

Maybe you are talking about production estimated to current mines,but must have more reserves and new mines will be created.

Unless the Gold silver ratio keeps drifting apart as in the last few years (was 80:1 last time I checked)

5 year GSR chart -



Silver is more of an industrial metal where gold is investment

Most official country silver bullions are VAT free here in The Netherlands, quess its different over there. The chance the silver price will rise the comming years is much higher then of gold.

20% VAT in the UK thats why  (can source it from germany but premiums are still way higher than gold)

Gold is VAT free and if you get legal tender gold such as sovereigns or Britannia's they are also capital gains tax free too.

I currently have 37.9 troy oz of gold that fits in a nice small safe.

If I converted that into silver at the current GSR would equal 3032 oz or just shy of 95kg.  I know which I would rather carry around if the shit hit the fan.

texas  :
Texas Gold Bill Becomes Law, State to Remove $1B Worth of Bullion From New York... Texas Governor Greg Abbott signed a bill into law on Friday, June 12, that will allow Texas to build a gold and silver bullion depository. In addition, Texas will repatriate $1 billion worth of bullion from the Federal Reserve in New York to the new facility once completed. This is what the governor had to say: “Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state”".

Why not buy silver instead of gold. There will be no more silver in the ground within 10-20 years..

21 million bitcoins that are infinitely divisible so not rare

Bitcoin unlike gold only 21 million bitcoins will ever be produced. In other words it has what gold doesn't, it's extremely rare per bitcoin.

Diversification is the best option at present. You cannot trust a single product that it can give you the best returns. If you diversify your investments then you can earn profit atleast from one product as both are volatile in nature.

Think you need to get your facts right first -

Comex were about to default not due to the price crashing-

http://seekingalpha.com/article/3247676-did-comex-just-receive-a-physical-gold-bailout-from-the-feds

"
    On June 1, 2015, JPMorgan added almost exactly enough ounces of physical gold to patch the deficiency between supply and delivery demand at COMEX, avoiding widespread dealer default.
    Declassified documents, along with strong circumstantial evidence indicate that it was not JPMorgan, but its most important customer, the US Federal Reserve, that just bailed out COMEX.
    The deficit in world physical gold supply will be at least 606.1 tons in 2015, but may be much larger, and similar incidents are likely in the future.
    The deficit in world gold supply versus demand will grow much larger in 2016 and beyond.
    Even if the entire remaining US gold reserves were mobilized, prices could not be permanently held down to current levels, making gold and gold mining stocks a good deal now.
"

Gold is suppressed not propped up.

Average sustained costs of mining 1oz gold is $919, also add in transport costs, minting and retail costs and I think your 4X value is bullshit.

Wait until china goes pop followed by a few EU countries then we'll see if gold is currently 4X real price!

p.s. I also suggest you read up on current gold/silver demand and shortfalls in physical supply.

ANN could be BTC,GOLD or LTC?   

Gold is obviously in a bubble right now
it started crashing and the fed bailed comex out look it up, its rigged and propped to be high.  Buy it up if you dare, at 4x real price.

Bitcoin is right about right at its current price will be going up
i wrote these articles about it.  Not gold but i just told you about gold

http://altcoinpress.com/2015/06/bitcoins-recent-morph-into-an-entirely-new-animal-in-embryo/
http://altcoinpress.com/2015/07/tin-foil-hats-duck-duck-goose-and-what-it-means-for-bitcoin/

Interesting list, so Satoshi Nakamoto is to BTC same that Bill Gates is to fiat.The richest men of the world.

In fact, you are pretty much wrong on this

Even if we assume that the Fort Knox gold is actually there, the total US gold reserves would equal to some 8,000 metric tons. The IMF gold reserves are around 2,800 metric tons of gold, which produces a total of about 11,000 tons. Given that the estimate of all gold out there (including jewelery) is at 180,000 tons, the cumulative IMF and US government gold holdings amount only to miserable 6%...

And don't forget that burned coins are irreversibly lost (unlike gold), which doesn't favor more even distribution

and secondly, it might be happened in near future that May bitcoin collapsed, or banned by gov due to some reason, So surely I will go for the Gold, Because i cant believe in the sustainability of the BTC. No doubt btc is more volatile than Gold, but its not safer than gold.