Topic: Bitcoin vs. Gold Prices - page 7. (Read 2347 times)

This claim can be challenged. Just 2008 with its subprime mortgage crisis maelstrom hitting everywhere surprisingly didn't affect the value of gold much. It was the subsequent rounds of quantitative easings that actually doubled its value. But it was not real growth as this growth was primarily based on expectations and anticipation of future devaluation of the US dollar due to monetary policies of the Fed back in the day. But when the dollar devaluation didn't occur, the gold value quickly returned to its baseline levels. In a nutshell, it turned out an overall false expectation, and the only way you could earn money was through speculation, which meant selling gold at 2011 highs. Those who invested in gold for long term didn't get much (if we include dollar inflation into consideration).


And how does it take anything from what I said about power being the most valuable asset in society? Indeed, people will be fighting for it precisely because it has so much value. If it didn't, who would care?

well, for 1 gr gold, I think the price is quite far from bitcoin. can be said that bitcoin price is much better for now. but we can not rule out gold, because gold is also the best investment that has existed since the first to the present.

There are multiple scenarios where gold is a good investment.  2008 saw gold at least double.

If you have power, it sounds good on the surface.  But you're in effect fighting against all those who held power in the past.  The incentives of the modern world system encourages the powerful to kick all cans down the road (especially in the monetary and financial realm.)  Most of your power will be spent countering the effects of the actions of your predecessors.

Gold is far better than volatile btcs. The former is physical portfolio that assures investment benefits but not like thos virtual cryptoz

I'm pro-gold really, but I'm certainly not obsessed with it. It is a time-proven and well-tried asset for storing wealth even if its real value goes down somewhat over decades, primarily because there was no major economic wreck in the last 40 years (2008 doesn't count as a complete economic shutdown). But if there will be none in the future or it will be a little bit too hard for gold to keep up with, it is useless (apart from jewelry).

Also, could you explain in a few words why power is not the ultimate value as far as society is concerned?

BTC prices are much higher than gold. But it can not be said so, the calculation of the comparison between the price of BTC and gold has not had a standard for comparison. But in general BTC is more unstable than gold, despite the high price but contains many risks. Gold is a measure of the world economy. They are more stable.

The value of bitcoin is much larger than some gold pieces and I also choose to invest in bitcoin because it gives me more profit despite the risks, but I accept this, because risk is the most exciting thing in business. As an investor I will choose bitcoin rather than gold even though gold investment is stable and less risky

Bitcoin price goes up and down while gold values goes up. But still, i need bitcoin than golds.

Bitcoin investors and holders might find it interesting to know that major precious metal retailers have started accepting Bitcoin payments for gold, silver, platinum and other products from various mints.

obviously different, bitcoin and gold investment are also different, bitcoin prices are very volatile compared to gold is quite stable, but bitcoin is more advantageous when compared with gold ..

Why not?

You seem to sail pretty close to the fiat central bank line for your self description of being 'pro-gold.'

Power is not the ultimate value.  Not in today's world.  See The Real Reason for Holding Gold and Bitcoin.

I would concentrate on btcs because its a resources based on algorithm patch and will be supplied constantly till eternity than gold

Gold mining requires lesser advanced technology and comaparatively cheaper than btcs mining and so gold is also chaeper than btcs. Simply EQUAL

Conspiracy or not, I can't really accept this idea. Ultimately, what's in gold really? It is just a shiny metal but that's pretty much all there's to it. Even in cases of severe disasters, in a Mad Max scenario of sorts, it is weapons, food, and shelter that will be valued most. Gold stands somewhere in between, I mean, in between the cases where paper money is still valued and when nothing is valued apart from real things like those I mentioned. Besides, power has the ultimate value in society, not gold or some other tangible asset, and it is the thing which most conspiracy theories fail to consider and put into its proper place, that is at the top of the list.

We will have to give the elites the benefit of the doubt, as we're unable to overhear someone say, let them die for this money system.  But the link between the money system and death is only slightly more indirect, and surely an intelligent member of the top elites should have seen the connection.  (See my post Death Is the Price of Imperial Money.)

The entire system is based on forcing governments around the world toe the party line that helps prop up state issued money at the center of the empire.  If this causes debt slavery, conflict, economic pain, and the rise of figures like Hitler, then so be it.

The central problem of the world is that the money system is deceptive, and it's deceptive because members of the elites want to continue to receive unearned power and wealth.  This is an infinitely powerful incubator of discontent of all kinds, and war is only the most extreme form.

It is a conspiracy theory, but I have no doubt it's correct.

Just on the physical evidence of today's gold suppression, read a book like 'The Gold Cartel' and 'Gold Wars.'  What this proves is that today is really not different from the gold standard days, just that the public narrative has changed and gold prices are more flexible.  (The more things change, the more they stay the same!)  Certainly, you can't deny that the gold and silver standards were just a way to suppress precious metal prices.

The low prices of gold reflect not just this suppression, but the average investor's attitude that it's usually a losing battle to fight the elites, and/or that gold just seems to be dropping most of the time, so there's some truth to your suggestion as well.  There's a saying that no one has enough power to fight the entire market, so a combination of physical and psychological manipulation usually works best, in modern times.

That is why, a ban of gold, for example, would be in poor taste in today's world.  Much better to portray yourself as market-friendly and that markets don't want gold.  But a true marketplace?  That would be suicidal.  Just before WWI, if the British elites didn't vehemently declare their readiness to redeem gold for paper sterling at the fixed rate, when Britain had only 3% of the gold required to redeem all their issued paper, do you think the average saver would have trusted the paper?

of course Bitcoin is more expensive than gold, but nevertheless in gold metal will be much more promising in the future. You just look into the past, the history of gold, and everything will become clear. Gold and jewelry were valued everywhere and always, unlike other values.