Bitcoin or gold? - page 576. | Bitcointalksearch.org

KimNam

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Quote from: ryanmnercer on March 19, 2014, 09:59:04 AM

Quote from: roslinpl on March 19, 2014, 09:53:41 AM

Quote from: ryanmnercer on March 19, 2014, 09:29:22 AM

If I had to put ALL my wealth into one for a decade... I'd go gold. I'm not a huge risk taker, gold is the most likely to preserve the bulk of my wealth during that decade.

Maybe yes or maybe no.

But I will remember this day after 10 years I will pm to you :-)

I'd only do that if I HAD to put 100% of my wealth into one or the other. Gold has a long history of holding value, it would most likely preserve the bulk of my wealth in that decade. One should never put 100% of their wealth in any one thing, it's moronic. Bitcoin is only a small % of my various investments. Similarly, I keep my money in dozens of wallets both hot and cold just as I have just shy of a dozen bank accounts spread out among various institutions.

agree with you
Diversification - Don't put all your eggs in one basket

professorXY

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I already have gold and now I am really interested in buying btc and using it as I think it is easy and have heard a lot of recommendations

ryanmnercer

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Quote from: roslinpl on March 19, 2014, 09:53:41 AM

Quote from: ryanmnercer on March 19, 2014, 09:29:22 AM

If I had to put ALL my wealth into one for a decade... I'd go gold. I'm not a huge risk taker, gold is the most likely to preserve the bulk of my wealth during that decade.

Maybe yes or maybe no.

But I will remember this day after 10 years I will pm to you :-)

I'd only do that if I HAD to put 100% of my wealth into one or the other. Gold has a long history of holding value, it would most likely preserve the bulk of my wealth in that decade. One should never put 100% of their wealth in any one thing, it's moronic. Bitcoin is only a small % of my various investments. Similarly, I keep my money in dozens of wallets both hot and cold just as I have just shy of a dozen bank accounts spread out among various institutions.

roslinpl

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Quote from: ryanmnercer on March 19, 2014, 09:29:22 AM

If I had to put ALL my wealth into one for a decade... I'd go gold. I'm not a huge risk taker, gold is the most likely to preserve the bulk of my wealth during that decade.

Maybe yes or maybe no.

But I will remember this day after 10 years I will pm to you :-)

ryanmnercer

member

Activity: 70

Merit: 10

If I had to put ALL my wealth into one for a decade... I'd go gold. I'm not a huge risk taker, gold is the most likely to preserve the bulk of my wealth during that decade.

roslinpl

legendary

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I was thinking about this today for a while and perhaps we can discuss about this forever as forever prices of btc and gold will be changing.
It is not easy to say what would be better for long terms. It is so hard to say what is going to happen with bitcoin in next 10-15years, and it is indeed very hard to say what will be price of gold.

Perhaps in 10 years we will be making jewelry from cosmic stones mined @ asteroids

But we can see that gold is with us from hmmmm loooong time Wink

and gold jewelry was always easy to sell.

yes you can say - why I am talking about jewelry - like it is most important to keep the gold price?

Well indeed. Even if people keep gold stabs for money in the future - at the end their gold will finished as a jewelry or some golden toilet or other golden toy - a car or something - (so I called it all jewelry).

I think putting "gold and bitcoin to the same basket" as some user mentioned before is wrong.

And I would add - anything what we will say here : Speculations.

gigEls

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Why not both? Cool

DiamondDust

newbie

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IMO now is good time to invest some into bitcoin, price going down but for sure not for so long

good luck everybody!

zetaray

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Will choose gold as store of value, but bitcoin as a method of payment

FalconFly

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Sentinel

Quote from: aminorex on March 17, 2014, 10:35:52 PM

Gold "owners" who have claims on gold held by banks or funds are going to find out what it means to be goxxed.

+1 , if you can't hold it - you don't own it.

aminorex

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Sine secretum non libertas

Gold "owners" who have claims on gold held by banks or funds are going to find out what it means to be goxxed.

skilo

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Quote from: keithers on March 17, 2014, 08:58:47 PM

Quote from: skilo on March 16, 2014, 09:54:28 PM

Why not buy silver? It's much cheaper than gold but still more valuable than fiat paper, Right now it takes about $21 to buy 1oz of silver.

Also silver can be melted down and used to kill werewolves and that's something you cant do with gold or platinum.

I 2nd this...I am looking at picking up a few kg of silver bars right now. I want to just hold a bunch of metals long, just as I am with BTC and LTC

Diversifying is always a good idea, Silver is a great medium of exchange because it's cheap enough where people can still buy it but not expensive like gold where no one wants to spend it or are afraid to let anyone see they have it lol.

I know a few places in my area that actually accept silver and gold coins as payment.

And of course Bitcoin is great too, Not many people or stores accept it (yet) but only time will tell, But it's really no matter because Bitcoin has other uses that give it value.

But yea buy a little of everything, Bullets, Bitcoin, Metals, Ginseng, Toilet paper etc etc everything is worth something.

keithers

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This is the land of wolves now & you're not a wolf

Quote from: skilo on March 16, 2014, 09:54:28 PM

Why not buy silver? It's much cheaper than gold but still more valuable than fiat paper, Right now it takes about $21 to buy 1oz of silver.

Also silver can be melted down and used to kill werewolves and that's something you cant do with gold or platinum.

I 2nd this...I am looking at picking up a few kg of silver bars right now. I want to just hold a bunch of metals long, just as I am with BTC and LTC

roslinpl

legendary

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Merit: 1199

Quote from: FastBluff on March 16, 2014, 11:02:53 PM

I personally would have to say Bitcoin. The price of Gold has been decreasing off and on over the course of the last year.

BitcoinBitcoinBitcoin:)

Gold is for oldies Tongue

DooMAD

legendary

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Leave no FUD unchallenged

A combination of physical assets, fiat money, gold and bitcoin, as diversifying is often paramount to stability. But if I had to choose one of the other... I honestly don't know.

Countries like China and India are now accumulating large sums of gold, so they seem to think that's where the future lies. But at the same time, there are pretty obvious manipulations going on in the gold market which would make me wary of investing large sums.

Bitcoin offers tremendous potential for the future, but without the aid of a crystal ball, it's impossible to know how it's going to play out. So for that reason I'd say bitcoin is the riskier investment, but has the potential for a much larger return if it does pay off.

FastBluff

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https://fastbluff.com/

I personally would have to say Bitcoin. The price of Gold has been decreasing off and on over the course of the last year.

skilo

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Why not buy silver? It's much cheaper than gold but still more valuable than fiat paper, Right now it takes about $21 to buy 1oz of silver.

Also silver can be melted down and used to kill werewolves and that's something you cant do with gold or platinum.

verdun2003

sr. member

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Bitcoin has the advantages of gold without its weaknesses (hard to transport or divisibility issues etc...) - People are a bit disappointed by the performance of the bitcoin right now but the fundamentals haven't change - Bitcoin anyday!

justbtcme

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Seems the majority of bitcoinatics would turn into goldbugs if even the chance.

ZiggyMarley

newbie

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Merit: 0

Gold for now

Topic: Bitcoin or gold? - page 576. (Read 984460 times)