Topic: Bitcoin vs Precious Metals - the final verdict is in. (Read 466 times)

good discussion guys, much appreciated i'm locking the topic since i think it served its purpose

I fully agree with you, the times of becoming rich with gold are over. Just look at the gold price for the last 2 years, it was moving around the 1.800-2.000 levels without giving any real return to its holders. Gold the number one asset that protects against a crisis, failed this time and the only people that got rich through gold are the ones that bought it 20 years ago. Back then the price was below 500 USD, so in 20 years you could have made 300%. There is no interest on holding gold and if you own a lot then you even have to pay storage cost at the bank or for a high quality safe at home. The only additional return we could generate with gold would be to buy and sell it more actively to take advantage of price changes. Still the return possibilities from gold seem really small compared to crypto currencies. For all the investors like me who didn’t have the opportunity to buy gold when it was cheap, I don’t think it makes any sense to buy it now. The price is way too high that we could make a decent profit any time soon. Even if gold would be more important again for investors, I don’t see any chance to make 50 or 100% return with it. Our chances are much higher to stick with crypto currencies. To me bitcoin and other cryptos is the new form of investment, like what was gold to my grandparents.

If comparing stability between Bitcoin and Altcoins, Bitcoin is definitely win by a long way, and not everyone want to take an extremely high risk and manipulated market like low market cap Altcoins market.  but then again because the context in the OP is Bitcoin vs Precious Metal then if compared to Gold, Bitcoin still lose in term of price stability. But in term of security Bitcoin vs Gold I do agree that because Bitcoin is new technology and Gold has been used for decades Bitcoin is definitely a lot safer to be held, meaning that gold is easier to be stole or robbed.

not bad!

premiums on small silver coins can be $4. tack that on to the $22 spot price and you could be paying $26 or $27 so if you got it at 19 average then you must have done alot of buying when spot price was around $15 or $16.

spoken like a true precious metals investor. that's another difference between bitcoin and precious metal. when someone dies and they didn't leave instructions about how to access their bitcoin, that bitcoin is lost forever. with a large stash of precious metal it will be found and they'll know what to do with it, how to use it. no private key needed. no lost forever scenario. even if you hid it well.

That's a hefty haul you got, are you considering selling your bigger bars in exchange for smaller albeit much expensive precious metals maybe like switching your silver bars for platinum or gold although gold wouldn't be a choice for you as thieves will just steal it outright. I wouldn't agree that it's an upside for the thieves to be able to see your silver stash, at the least put that stash in somewhere that you can hide like a floorboard or a safe that's stashed in a cupboard to make it look inconspicuous.

I think Bitcoin and gold will continue to be beneficial. The value of Bitcoin will experience an upward trend in the next 20+ years, but will remain volatile and always corrected, and Gold continues to be a good store of value.

That Gold is held by Millionaires and billionaires as a means of hedging, as a store of wealth. You won't go bankrupt if you have Gold. It plays based on its brand name, based on thousands of years of value. That's what rich people believe in.

If you are trying to make a million dollars, or a billion dollars from Investment, then Bitcoin is the right choice. If you're trying to protect a million, or a billion, Gold is your choice. But back to you, it all depends on what game you play.

Some is at 10 bucks an oz worse case some is 25 an oz.

likely the average is around 19 an oz. would be okay to dump it.

I likely will keep it til I die unless it moons to 100 an oz.

not necessarily. there's alot of nice down to earth precious metals investors who do so out of a sense of trying to conserve some wealth and hedge against inflation. these type of people don't just do things on a whim. they plan out what they are going to do and how.

apparently gold and silver went up today by a huge 3 or 4 percent and it REALLY got precious metals investors talking. they never see that type of price movement. EVER. 

if someone is only doing it for making money i think crypto is better. bitcoin is better.

I don't know about any other person, But personally, I have always seen investing in gold as something that is reserved for some group of persons, and that is the elites in the society. While i think Bitcoin is for every one, for both the elite and the average persons in the society, even to those whom we see as poor, bitcoin investment is open to them as well, this for me makes investing in  Bitcoin a better option for any one.

Coupled with the fact that Bitcoin is way more volatile in price, making it very possible for those who will learn how to use this to their advantage to also use this as an opportunity to even make more money for themselves, something that is rarely possible with gold.

So in conclusion, I will always choose Bitcoin when compared to precious stones, I even forgot to mention the long form and kyc stuff one would have to fill and through just to buy and sell gold, something that is completely irrelevant in bitcoin investment, I mean, I can buy bitcoin even without going through any exchange, How? P2P.

Gold investment is highly classified, this makes Bitcoin a better investment for anyone, including myself.

Let's be honest: nowadays probably no, you're not going to get rich buying gold, 100 years ago yes. I understand is a totally different story but simply saying that no one can become rich thanks to gold is not the full story. Of course I would choose bitcoin over gold every single day, there is no discussion for me.

i'm surprised no one here has brought up these hybrid gold/blockchain/stablecoin things seems like there's a ton of them out there such as this one: https://aabbgoldtoken.com/

i'm not sure how legit any of them is though. i would be skeptical of all of them though ESPECIALLY if they don't offer a way to redeem my tokens into physical delivery. (selling the tokens on their exchange, transferring bitcoin to my bank account and buying gold at the local coin shop doesn't count!). i would want there to be a third party audited vault where i can send this unrelated third party my tokens and they would ship my gold. and they can't be related to the digital gold company in any way except that they perform a vaulting service.

definitely, the risk is quite different when it comes to bitcoin. for gold, you can hold for long term without bothering that it would go down overnight. its price level is much more stable. for tangible assets to hold, i opt for gold jewelries to store as you can buy in small amounts depending on how many grams of jewelry you will buy.
and when it comes to actual investments, it depends now on the person, to what extent of risk he can get involved with. btc may give you nice profits, but it depends on when you will buy and when you will sell it.

There will always be arguments for and gold over Bitcoin and vice versa. That doesn’t change regardless of which one performs or is proclaimed as being better. Bitcoin is certainly more risky. At any time something could happen that could make the entire network worthless. It is still very much in experiment territory.

Gold is definitely for store a value, but actually Bitcoin is relatively stable and can be used as store a value too. If people seek for high volatility and speculate asset, isn't altcoins is better since it's full of pump and dump.

Bitcoin could be more safer than gold because it's more flexible, it will not lose as long as you have the private key and you can access your coins in anywhere.

This statement is so true, only few even almost no one could get rich buy buying gold or other precious metal. But, I Bitcoin and Gold has different usage. For speculator and people who seek for profit and their main goal for buying assets is speculating on the price and get profit from it, then Bitcoin beat gold in many ways, but just like any other investment, high profit also means high risk, so for people who seek for stability and reliability for their assets, Gold is definitely more suitable than Bitcoin.

That is why in my post you quoted, i said there is risk in anything people call an investment, and that also includes gold. But i think it is easier to lose BTC's than gold. If you do not keep your physical gold in your banks safe deposit box or in a safe vault, your next option will be to store it in your home, and except you are a target of robbers or burglars, you wouldn't still lose it.

BTC requires more attention to security, especially if you're storing a large amount of it, you have to download from the original website, verify your download, ensure your wallet file is stored locally in an airgapped device or you use a hardware wallet, you also have to make multiple backups of your seed phrase and keep them in more than one location, etc, all of these isn't easy to do for an average joe, that is why so many of them simply store their BTC's in centralized exchanges, which is a very bad thing to do.

I just appreciate the portability of bitcoin. It is extremely easier comparably to gold, to say, move a million dollars worth of bitcoin. And there is no jeweler that will charge you so much money, you just buy and sell peer-to-peer through vast liquidity.

This is the same as saying that gold is not risk-free, because you can lose gold itself. I don't know many instances of people who lost their seed phrase, to be honest. I have only heard of cases where people lost their wallet files in the early days when bitcoin was worthless, and some rare cases of erased paper wallets.

BTC fluctuates in price far more than gold, BTC is volatile while gold is a store of value and can be said to be stable. If you want an asset that is volatile, with occasional dips but has the ability to rise fast and make you returns on investment, buy BTC. But if you want an asset that can hold value for very long, then buy gold.
BTC is not a risk-free asset, people do lose their keys, lock themselves out of their BTC's or store it in a centralized exchange and lose it, there is risk in anything you call an investment.

Although gold is a very good medium to invest in, it is not 100% reliable because it fluctuates in price. Also, gold always has to be sold at a lower price than it is worth in case of jewelry. It is true that the price of gold has been rising over the ages, but there are occasional dips.  And if we talk about security then we have to physically store them, we have to face some complications in this case too. I would say to invest in bitcoin for long term.  It is reliable even though it is very long term to get profit.  It goes without saying that there is no risk of loss in bitcoin if you can control your emotions.  No one can get rich overnight by investing in bitcoins. But if you do it right, you will have to wait for a long time.

i saw this seller of precious metals if you buy a 1000 ounce silver bar you can't even take possession of it because if you do then i don't know if they would buy it back from you. in order to keep it in chain of custody so u can resell it u had to store it in their facility.  those are the kind of difficulties you run into in the real world with precious metals...

I don't think gold is completely centralized because it is scattered across the entire surface of our earth and only those who can discover and mine it can own it, no government can create it like fiat. But no one knows how much gold our earth has, there may be a lot of gold that we humans have not discovered yet.

Talking about how to make money from gold, we also have a forex market and you can also profit from trading the XAU/USD pair. It can generate even greater profits when compared to the BTC/USD trading pair. But holding physical gold will not have the same potential as holding bitcoin. Simply because gold has achieved its achievements and reached its limit while bitcoin still has a lot of potential thanks to its outstanding properties.

Personally, I think investments are different for each person and generation. Do you think investing in Bitcoin is a reasonable method now? It is still old, and people who invest in gold say that gold is the best. The reason is...it's still going up...of course, considering Bitcoin's volatility and investment value...I think Bitcoin is the best...but risks coexist...it's really difficult. ..I personally vote for Bitcoin.
I work at a sport betting company, and I think the current trend is charging the betting amount with virtual currency and making bets. This will all change soon.

Both are unique and valuable things, whether it is bitcoin or precious metal. Both have their own merits in their place. But if I were to personally pick and choose between the two, it would be bitcoin because it is the most valuable and secure tangible thing compared to gold. Due to its volatile nature, bitcoin also has the ability to gain a quick profit. Yes, it is true that, due to its volatile nature, it is equally possible to lose, but it depends on you how you adopt strategy. On the other hand, gold has a steady and calm nature, which means there is no high volatility in the price. And the most prominent and admirable thing because of which I like Bitcoin is security, which means if we compare Bitcoin and gold, you will get extra care and security in gold. While Bitcoin connects you to the decentralized world and gives you the allowance of a free-hand peer-to-peer network deal or transaction, And instead of extra security, it provides the facility of a more secure blockchain.

These are the reasons why I and many of my members like bitcoin over gold.

I agree, Bitcoin will not make anyone rich if they don't invest huge amount of money.  Gone are the days when Bitcoin investments can be multiplied by 100x in just some years.  If we want to have such kind of profit I believe we need to wait for many decades.


Spot on because Bitcoin is in the green in range from its time entering the market and today, but Bitcoin is not a good store of value for those who entered during the peak of 2021 market price since it  losses a lot of its value at the current time. Being highly volatile makes Bitcoin inferior to precious metal in terms of store of value, IMO.

My assumption is that you have a basic understanding of finance. You are right diversification is the key and we shouldn't be overconfident about bitcoin. We know it is a great asset to fight inflation but its risk is great compared to other assets. Because of this some investors might want to avoid it and save their money mostly on gold and other precious metals. Bitcoin's historical growth is promising but nothing is guaranteed that it will perform like the previous one The probability is high.

Both are good for saving money to avoid inflation. However, if you look at history, many ordinary people prefer gold, but if they look at the profits they will definitely choose Bitcoin as their future asset. What is clear if we look at history is that we have been deceived by fiat money.

the key is diversification. I invest in precious metals and Bitcoin. Most importantly, don't put all your eggs in one basket because that will minimize our risks in the future.

Considering my past knowledge and understanding of the precious metals, l don't think investing in them will give one a desirable profit. They are  unstable and
 also not dependable. In addition, it will take a good amount of money to make a reasonable investment, which might eventually turn out  to be lose. l prefer bitcoin that requires a little amount to make an investment, and if one watches carefully, it will bring about gain, and even more, depending on the time and situation.  

Ofcourse, it became difficult for gold, mainly due to the way the supply is centralized. If most people were self-custodying it, demand will be high during certain times and the centralized custodians wouldn't have enough to manipulate the price. It's just like Bitcoin which tended to be manipulated when much of the supply was increasingly controlled by few people. But it became difficult and unattractive for them when people start self-custodying more and when what determines the price was changed so that even if they control much of the supply, they couldn't influence the price dishonestly.  Other positive factors were used to help check negative centralized price control.

I think investing in gold and expecting to make profit only makes sense if a person already has tons of money, so even a small amount of growth can lead to a lot in terms of profits. But in that case, you should probably stop focusing on profits and start thinking about making an impact with the wealth you already have. Or a person might also simply keep some wealth in gold because of believing that it's safer than fiat (which it is because fiat is losing value over time).
As for Bitcoin, it's an easier thing to buy, a safer thing to buy (no need to worry about overpaying or about falsifications), but it can be way less stable than gold, and a bear market might catch a person off-guard.

Maybe no one will get rich trading gold in the way you described, but there are people who make huge profits from gold, and I am primarily referring to gold mining companies. There are also ordinary people who search for gold with metal detectors in their spare time, and there are some TV shows where their adventures are followed, and I remember that some of them get lucky and find a really big nugget of gold.

Bitcoin is something completely different, and its volatility (in the short term), and especially in the long term, is incomparable when it comes to possible profit. In addition, we live in a digital world, and new generations have less and less interest in precious metals.

Gold is a precious metal and precious metals aren't been invested into again as we did before to make profits but to secure profits. The price of gold isn't as volatile as the price of Bitcoin so the possibility of making high profits aren't there but you can be guaranteed that when you buy gold, your money will be secured for the future. Gold had its moments and it was during the Gold rush days that's when if you had invested in gold, you'll be making high profits but not today. Now we're in the Bitcoin rush days and if you want to make profits you have to buy Bitcoin. Investing in gold gives your investment stability since the price won't be volatile and your investment in gold gives you an edge against inflation.


This is why investing in Bitcoin is highly recommended because Bitcoin can give you high profits and still be used as a store of value. Bitcoin has more pros then cons compared to Gold. Gold is physical so it'll be more difficult to move or transferred around but Bitcoin is digital and requires little to no effort to move around. Bitcoin is easier to invest into as it's decentralization and can be done from the comfort of any place but gold can't unless you want to buy just shares of Gold and not the real Gold. Bitcoin doesn't only give your security of the wealth but profits in a short time, Bitcoin has been outperforming gold since its introduction to the market as well.

because the market is illiquid and there is alot of friction for someone to sell some of their gold, just a normal investor i mean. there is no one single spot price apparently get this:

each coin shop/dealer might set their own "spot price". what they do is take the real spot price and apply a markup to it then they impose a premium on top of that when you buy! what a scam! i even heard of people willingly paying over $200 for a single ounce of silver just because it was made by some particular mint but guess how much they can sell it for at the dealer? probably spot price. what a scam. paying 10 times the spot rate. just because.


the problem with that way of thinking is, hasn't inflation outpaced all of that in those same time periods? so maybe gold helped offset some devaluation of someone's networth but i don't think it necessarily outpaced inflation. food costs have risen just that much if not more. maybe someone would have been better off just buying that car or buying that house instead of sticking it into gold because maybe now their gold is not worth enough to afford those things.

example: ford trucks now cost over $100,000 in some cases if you get them fully loaded. that's called inflation big time. and your gold is only able to go up so much.  

i didn't say no one gets rich through gold. pawn shops, coin shops and mints they all are the ones making the money. retail investors i don't think they get rich. i think most of them actually lose money investing in precious metals. that's just how it is.

most retail investors in the united states, i dont know where you're from, they just think of gold as something that comes from the local coin shop. and that's about it...they're too busy to even think about where it comes from beyond that. and even if they did, they are too busy to try and do it themself. and have better things to do. just the way it is. digging up gold out of the ground here in the usa people would think you were crazy.

Precious metals have made a lot of people rich and if you can remember the gold rush, many from that time became rich so that was likely the peak CMIIW.

And during that time, the other people that have became rich were those who sold shovels. Luckily, we're in a different era where Bitcoin isn't yet on its peak.

It's just even starting out and compared to the shovels, there goes the miners (ASIC) and another good thing on this one, Bitcoin isn't just limited from those things.

It's actually money that we can use to pay people unlike gold, needs to be converted to cash first which is the same for Bitcoin. But if you're transacting with a person or a shop that accepts BTC, you do P2P.

And having Bitcoin, you can carry it on your mobile wallet unlike gold, it is tangible and it's hot in the eyes of people that sees it.

IMO, I think that Bitcoin has more advantages than gold. For example, you can have up to 100 bitcoins stored in your wallet, and you can just carry them around. No one will really know what you have with you unless you tell people the volume of Bitcoin you have on you, but you can't carry about a troy ounce of gold that is worth millions of dollars. The person with such an amount of gold cannot sell it without revealing their identity and involving a third party. Although some people as invest in gold but they believe it can act as a hedge against devaluation no the Fiat money. 

Bitcoin investment is more profitable and easy to store than gold. Gold has been their for a very long time and it has gained ground, that is everybody knows the name gold both old people and young people. In the bible gold has been in existence but bitcoin came yesterday and has already shown that in the nearest future its value might be triple that of gold, due to it's volatile nature. Bitcoin price ever since creation has been increasing rapidly compare to gold. I don't see gold as an investment, rather I see it as a store of value but bitcoin is both an investment and a store of value.

Personally, I do not see investing in gold as a good thing. Acquiring gold is good as a store of value and a hedge against inflation in the long term, but it is not profitable unless you store large quantities.

As for investing in Bitcoin, it is profitable on the one hand due to the rise in prices several times, and on the other hand it can be used as a store of value in the long term.

I see you are comparing bitcoin to precious metals base on their individual values. Both bitcoin and precious metals like gold are stores of value. Infact gold has over the decades proven to be a very good store of value. Even with the fact that bitcoin is highly volatile I will choose bitcoin over precious metals any day, anytime. Bitcoin is a multipurpose coin. While it stores your wealth,  you can still use a portion of it to buy candy from the grocery shop. This is one thing we cannot do with precious metals because bitcoin is highly divisible compared to precious metals.

Both assets have the potential to store of value and gold has been used for a long time. Bitcoin is new compared to gold so it's not well-tested I can say but its performance is somehow better than gold. Investors who are not willing to take much risk wanted to invest in gold on the contrary bitcoin's performance attracted investors who wanted to get fast growth for their investment. 

There's investing for preserving the wealth, and there's investing for increasing the wealth. Gold is mostly for preserving and slow growing. Risky investments like stocks or Bitcoin are for "becoming rich". But you can't expect them to grow infinitely. Best case scenario is that Bitcoin will eventually become gold 2.0 and stop having these big bull and bear markets and will grow slowly and predictably. Worst case scenario is that Bitcoin crashes hard when investors that look for high returns move on to other things.

Some have made it through their wealth life through gold, but we must not deny the fact that this is only a centralized physical asset, now that bitcoin arrives, it is targeted on everyone, bitcoin is never like gold which was centralized, bitcoin is a decentralized digital currency and anyone can make investment in it at any time and make profit without having to hold for long, a good example are the traders, you can also work and get paid in bitcoin, just as you have seen it being a digital currency unlike gold which is just an asset but but people were not paid in it.

People don't (or at least shouldn't be, as you've highlighted) buy gold to make money. Maybe silver has the potential to make money in an explosive inflationary scenario....however that's another topic. People buy these metals to store value, in the event that money is not worth anything anymore.

Gold and silver still have their place as store of value's. In the event that a monetary catastrophe happens, where liquidity dries up for all assets and the ability to transact digital currencies somehow becomes limited severely, these will prevail. Even when Bitcoin is not prohibited, these store of value precious metals will still serve as hedges against the failing reserve currencies. I believe that is their primary investment purpose, rather than trading for profit as you suggest.

The debate between bitcoin and precious metals such as gold or silver actually really depends on how we respons it. Because for me personally, bitcoin or precious metals like gold are both very good assets. So to conclude which is the best, I think it's all very relative. Because these assets have their respective advantages and disadvantages. So I personally cannot conclude which is the best among these assets. I prefer to be neutral in this comparison or debate. Because currently I am also investing in these assets. And so far, I don't feel any strangeness or negative feelings towards the asset.

Indeed, if you look at the movement of gold prices, it is indeed very slow. It takes tens or decades to get sizable profits. But for me personally, this is not a problem. Even though it takes quite a long time, I have considered this carefully. Besides, if you say no one gets rich through gold, I don't think you're right. Because if your opinion is correct, then gold will not be an asset known to humans throughout the world.

Because you need to know, in the country where I live, quite a few people get rich through gold. Even though they don't come from investment channels, they can get rich through gold. And this is obtained from mining gold independently. Because in my country, if you study gold mining seriously. There are many places where the soil or rocks contain gold. So if used well, the opportunity to gain profits will be very large.

Precious metals are used as a hedge against inflation and as a store of value. Gold and silver are mostly used for this purpose. Bitcoin is more of an investment and gives you a significantly high return on investment compared to other asset classes. It is better to store your profit in Gold, Silver or Platinum to help fight currency devaluation and inflation.
Invest in Bitcoin, make a profit, and store the profit in Gold and silver.

Gold is only up 400% in 30 years, and performed a mediocre 40% in 10 years. Not sure if that amount of gains can necessarily make most people rich(definitely not), but it surely somewhat did protect people's wealth in those timespans.

Op you make it sound as if buying precious metal like gold or silver is a useless thing to do or a waste of money. And I don't understand why.

For people living in countries with a weak fiat currency that gets devaluation concurrently due to the inflation spike an alternative to keep the money value stable is by buying a precious metal like gold to retain value for as long as you want to keep it for sell. Gold protects you from losing your wealth under a deflating economy that when other person's are worried about their money losing value you are exempted in the loss.

Actually, bitcoin and gold both retains value but if it's for investment purpose that's when bitcoin should be taken as a better alternative.  For portability, seamless movement and transfer without having to leave your location bitcoin is an excellent choice. In all it's still depends on the risk you're ready to take in keeping the value of your fiat money from falling.

Another bad thing in precious metal there's a chance of being scammed, someone might tell you it's a real gold, but it turns you're get a fake gold. Even you're already experienced in this asset, you could still get scammed since the difference of real gold and fake gold isn't really obvious.

While Bitcoin, it's really obvious to see someone wanted to scam using few ways e.g. unconfirmed transaction without RBF feature (easily to check via mempool.space), using testnet Bitcoin (the address start with t), fake/fork BTC that using their own network can't be viewed in BTC explorer etc.

The real or physical gold has had been around for so long and with its inherent value many consider it to be a very safe haven especially on times of distress and economic turmoil. Now, with the coming of Bitcoin, people are presented with a digital alternative to gold. There is no need for transport or safekeeping as Bitcoin has no physical presence - however you can be hacked so be careful and follow the safety protocol all the time. Right now, you can make money with gold trading where you don't have to really own the gold but for people who love the idea of holding Bitcoin is unbeatable in terms of convenience and possible return or ROI.

yeah exactly i didn't think about that but any type of jewelry you might be stuck at the melting price they pay. as i said, the only people making money on gold are the pawn shops and dealers. the public is just there for them to use as a profit center. unfortunate as that is. luckily bitcoin isn't quite like that. because if it was, it would really be bad!

unfortunately most people dont have anyway of knowing what type of gold they have. that's another issue with gold. with bitcoin, you don't have that type of issue of trust.

that's why you have to have expensive test equipment to see what type of gold bar it is. which again, most hobby investors don't have. so it better be packaged really nice and unopened so they can believe it is legit...and they'll google the company who supposedly made it. but you can't let them open up the packaging and put acid on it or drill a small hole in it. that would destroy its value.


based on your analysis, i would say that is a very fair statement.

What the OP says is right and we should add those who buy costume jewellery thinking it is a good investment. It's one thing to buy it because your wife likes it, or you like wearing a gold chain, for example, but in that 'liking' there is a component of thinking that what you are wearing is worth it. And indeed what you are wearing, if it is a gold chain for example, has a value, but if you are going to sell it you will still get much less than the price you bought it for because you will be paid at the price of melted gold. It is far worse than the example of a one ounce gold coin given by the OP.

Both are good options in terms of investment, but when it comes to getting rich, Bitcoin is more promising. Gold tends to have a stable price and is very slow to rise and takes a very long time to generate decent profits, and Bitcoin will always provide profits without a certain time limit, especially in the long term which will definitely provide much better profits compared to gold , it can even make us rich.
And although gold can retain its value, people are more likely to store their wealth in Bitcoin, because Botcoin maintains its value and also increases its value, and better than other assets, in the medium and long term, it is much more profitable.

Gold can help you rich if you hold it very long time like 10 years or better 20 to 30 years. Its value increases with time but gold value increase comes from many factors like fiat currency inflation, war and political problems globally that don't usually occur.

Bitcoin can help you rich during shorter period because its design with 4-year halving gives people more emotion to be late and they feel more reasons to hop on before it is too late. In addition, the convenience from Bitcoin blockchain is surely better than physical gold bars. Even people can trade gold, they will have to rely on banks, vaults that less secured than Bitcoin blockchain.

Controlled supply
How is the 21 Million Bitcoin Cap Defined and Enforced?
Two above resources are informative to understand about Bitcoin controlled supply and how it will continue to be released in future as designed by Satoshi Nakamoto.

gold spot is based on 24k 'pure' 99%+ gold
however many scams show spot priced gold being just 18carat 75%.. or scammy dealers will lie and tell gold sellers their 24k is only 18k(75% pure) to knock down the price the dealer buys at for the dealer to then sell at its true purity price to someone else

with bitcoin 1sat=1sat where the purity(taint) doesnt really change the price per sat.. (though numbskulls have tried to meme scam people into paying more for a sat)

the other thing is if you look at price history
gold
 0                                    $2.1k
  ||||||||||||||||||||||||||||||
                                   ^
bitcoin
 0                            $69k
  |||||||||||||||||||||||
            ^

if you look at a current valuated stable "bottom" resistance. where gold is $900 (black |)
if you look at a current valuated stable "bottom" resistance. where btc is $21,000 (black |)

and then grade the rest to their all history ATH in green orange red
you will see gold is in the red premium and bitcoin is in the green value ranges

so id be buying btc not gold
there is more upside for btc and more downside for gold

what's your average price? if it's higher than today's spot then don't you kind of feel like all that effort was wasted since i could just come along and scoop up just as much silver at an even lower price point?

21.91Bid
22.02Ask
High: 22.04
Low: 21.53

how does a gold investor overcome a 50% buyers premium though and make money? answer: they don't. so what they have to do is try and buy gold that has a smaller premium than 50% but even a 10% premium on the buy and sell side is kind of painful wouldn't you think? i don't see how anyone really makes money with gold except coin shops and dealers. everyone else is just kidding themself.

i was looking at rhodium recently and it had a $1000 spread between the bid and ask.  

i have nothing against precious metals though, i think they're great it's just that i don't think they are setup in a way to help people turn profits in them. but they are fun to own and hold and appreciate their beauty.

Gold can also provide profits for you but it takes a very long time and that is why gold is considered a store of value, not an investment like bitcoin which is quite speculative and can provide profits within a certain time.

The measure of the level of wealth must be seen from the amount of capital one invests, gold does not provide quick returns and does not make people rich in an instant. But when you keep gold for a long time, it could make someone richer. Talking about the productivity of gold investment is very slow and most people invest gold only as a way to store value.

If you want to see a much more productive investment then Bitcoin is a good choice and we can see profits obtained more quickly compared to investing in gold. But what we need to know is that gold is also an investment that can maintain value in the long term and gold has been the choice of many people in the past.

Gold is mostly being used as a hedge — not something that would make you rich. Like, I don't think anyone in the right mind would think the latter. Bitcoin on the other hand — could become a hedge in the future, but it's still in its early stages hence its high growth(and high risk) nature.

If it was a competition between Bitcoin vs Precious Metals I would definitely choose Bitcoin. Investing in precious metals gold and silver is much less risky than Bitcoin. I am not telling anyone not to invest in gold or silver. Investing in Bitcoin is riskier than gold at present but I think it is better to invest in Bitcoin. Where I live I have never met anyone who has invested in gold. I have seen many people buy gold ornaments or silver ornaments to use. Those who held gold a few years back have made good profits in the present. But no one could benefit like Bitcoin. I prefer bitcoin to gold.

the same can be said for bitcoin no?, Don't get me wrong i like bitcoin a lot.

The point is that you are not seeing the main point of metals like gold and silver, you don't become rich with them, you only buy then when you don't trust much your fiat money, those and also  bitcoin are considered a medium Store of Value. Those may have their ups and downs.

But it is demonstrated that bitcoin has a better store of value than gold at least in the last 10 years no?

Gold is considered more as a store of value than being an investment. If you want to invest, it is better to invest in bitcoin, its price is more volatile in a way that it is better if you study the price and invest at the right time that can make it a good investment for you and also a store of value in long term.

I do not have big bags and that will let me go for bitcoin for better profit.

In security, bitcoin is better for me. I can hold bitcoin safely and securely without anyone knowing I have it.

I do buy silver steady dca for years.

I have 10  10oz bars
I have  20   5oz bars
I have  27  1oz bars and rounds
I have 100 Morgan and peace dollar


the above weighs 300 plus oz and the value is under 9000 usd.

the downside is it is heavy.

The upside is I keep it in an easy place for thieves to find.

Hopefully they would see it and just say fuck it and leave with just that.

I've been doing a bit of research on this debate and come to a conclusion about which one is better and why.

if it was possible to just buy gold at spot price and sell it at spot price then maybe gold would be a viable way to make money but in the real world, you don't buy some 1 ounce gold coin at spot price. You pay what they call a "premium", a ripoff factor if you will. Apparently some gold coins have a very high premium like if you buy from the US Mint. They could be as high as 50% premium. And when you turn around to sell it to your local coin shop you'll be lucky to get spot price. So just to break even you need gold to go up at least 50% in that scenario.

Of course not every 1 ounce gold coin has such a high premium but they all have premiums. You might pay a 5% premium at your local coin shop. For a $2000 ounce of gold, that is $100 fee. And then when you go and sell maybe another $100 fee.

you're not making money with gold. the only people doing that are the ones buying and selling it at the coin shop.

Gold is not going to make someone rich. How many people have you ever seen that say "investing in gold made me rich"? None!