I have USD 2000 to invest. Should I buy Bitcoins or gold? - page 11.

picolo

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Quote from: funtotry on March 13, 2015, 04:53:41 PM

Quote from: ranlo on March 13, 2015, 04:34:40 PM

Quote from: funtotry on March 13, 2015, 04:07:45 PM

Quote from: manselr on March 13, 2015, 01:18:37 PM

Bitcoin in theory should be a more risky investment, but with risk comes big rewards. With Gold you are going to be bored aiming for a small increase in wealth in the next decades. With Bitcoin it's uncharted territory, it's an open field.

Yep exactly. Gold would be more long term, and in the case of an emergency like the money system collapsing then it is viable. Bitcoin can also be used, but we all know how that would work

Keep in mind that gold can't be exploited, either (aside from pyrite, which should be easy enough to determine). While we view Bitcoin as being exploit-free, the truth is that we don't know. Everything is exploit-free... until it's exploited. Look at things like the heartbeat bug in SSL.

True, since bitcoin is a computer program one day someone could find an exploit and then it would all collapse. Gold is physical and therefore cannot be "hacked" and no one can just randomly print gold.

Bitcoin is not a computer program but could be destroyed. Gold could theorically be created in a lab for a cheap price.

funtotry

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Quote from: ranlo on March 13, 2015, 04:34:40 PM

Quote from: funtotry on March 13, 2015, 04:07:45 PM

Quote from: manselr on March 13, 2015, 01:18:37 PM

Bitcoin in theory should be a more risky investment, but with risk comes big rewards. With Gold you are going to be bored aiming for a small increase in wealth in the next decades. With Bitcoin it's uncharted territory, it's an open field.

Yep exactly. Gold would be more long term, and in the case of an emergency like the money system collapsing then it is viable. Bitcoin can also be used, but we all know how that would work

Keep in mind that gold can't be exploited, either (aside from pyrite, which should be easy enough to determine). While we view Bitcoin as being exploit-free, the truth is that we don't know. Everything is exploit-free... until it's exploited. Look at things like the heartbeat bug in SSL.

True, since bitcoin is a computer program one day someone could find an exploit and then it would all collapse. Gold is physical and therefore cannot be "hacked" and no one can just randomly print gold.

ranlo

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Quote from: funtotry on March 13, 2015, 04:07:45 PM

Quote from: manselr on March 13, 2015, 01:18:37 PM

Bitcoin in theory should be a more risky investment, but with risk comes big rewards. With Gold you are going to be bored aiming for a small increase in wealth in the next decades. With Bitcoin it's uncharted territory, it's an open field.

Yep exactly. Gold would be more long term, and in the case of an emergency like the money system collapsing then it is viable. Bitcoin can also be used, but we all know how that would work

Keep in mind that gold can't be exploited, either (aside from pyrite, which should be easy enough to determine). While we view Bitcoin as being exploit-free, the truth is that we don't know. Everything is exploit-free... until it's exploited. Look at things like the heartbeat bug in SSL.

funtotry

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Quote from: manselr on March 13, 2015, 01:18:37 PM

Bitcoin in theory should be a more risky investment, but with risk comes big rewards. With Gold you are going to be bored aiming for a small increase in wealth in the next decades. With Bitcoin it's uncharted territory, it's an open field.

Yep exactly. Gold would be more long term, and in the case of an emergency like the money system collapsing then it is viable. Bitcoin can also be used, but we all know how that would work

tee-rex

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Quote from: ?? on ??

Quote from: tee-rex on March 13, 2015, 01:01:55 PM

Quote from: ?? on ??

Europe is rushing into gold so expect a short rise and then a fall, I would put half in silver and half in Bitcoin (silver is low and it should go up at least 3$ an ounce by the next year)

Silver is by far more volatile than gold and subject to market manipulation. Remember the Hunt brothers who tried (but ultimately failed) to corner the world market of silver in 1980? It could actually go as high as 50$ per ounce or fall as low as 10$ (which we are not far off today), or even both.

It's damn low right now, I don't see it dropping any more and at 1000$ you could get 64.5 ounces @ current spot $15.46. If we see a raise in 3$ (which is fair) that could be a 193.5$ increase. Now gold is at 1,155$ an ounce so you could get ALMOST 1 ounce. Gold has dropped from 1375$ this last year and silver has dropped from 22. It doesn't seem to be going much lower on either of them especially since silver production has stopped due to cost and output and use is still up (yes it's volatile) but gold has crashed as well, it's all up to you as they're pretty close in comparison.

In fact, silver didn't come down from 22$ the last year, 22$ was a maximum with an average price around 19$ per ounce. I remember when it went from around 35$ to almost 50$ and then dropped below 20$ within a few months. Such things never happened to gold (yes, it fell from 1900$ to 1130$ but it took a few years to come about).

asuryan180

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Quote from: manselr on March 13, 2015, 01:18:37 PM

Bitcoin in theory should be a more risky investment, but with risk comes big rewards. With Gold you are going to be bored aiming for a small increase in wealth in the next decades. With Bitcoin it's uncharted territory, it's an open field.

This is a good point you can only make so much with gold and that is not a lot, but when you invest in bitcoin the sky is the limit and of course middle earth is also the limit but that is what makes it interesting to me the fact it can go either way but to an extreme and not just bore you with sideways for years. I would invest 2000 in btc but you are your own man. good luck

manselr

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Bitcoin in theory should be a more risky investment, but with risk comes big rewards. With Gold you are going to be bored aiming for a small increase in wealth in the next decades. With Bitcoin it's uncharted territory, it's an open field.

tee-rex

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Quote from: ranlo on March 13, 2015, 01:07:18 PM

Quote from: tee-rex on March 13, 2015, 12:50:49 PM

Quote from: ranlo on March 13, 2015, 12:32:29 PM

Quote from: tee-rex on March 13, 2015, 06:37:51 AM

Bitcoin can fall in price many times yet (in fact, it already did within the last one and a half year), or even become worthless altogether in the end. Gold, on the contrary, has never seen anything of the kind within the last few centuries at least. The only two times in history that I know of when it fell significantly in price were the periods after the Black Death devastated Europe in the 14th century and when the gold of the Incas flooded Europe in the 16th century. So, if you don't own physical gold already, this won't be a bad investment as a hedge against almost anything.

Bitcoin is for the speculative mind, gold for the conservative one.

That's because gold is backed by governments. Bitcoin is backed by individuals. Gold is also physical and can be used to create things (like jewelry), which Bitcoin can't be.

Quite the contrary! Governments are laying themselves out to keep gold prices at bay (that is, low), since gold is a currency by and of itself but governments don't need competition with the shit they happen to print. Gold is backed by its inherent qualities, that's why it has been valued so high through centuries despite all governments efforts.

I thought the governments backed it, which is why we have things (or I believe "had?") like Fort Knox that were holding cells for it. My understanding was that gold was basically the "storage" vehicle and fiat was the method of transacting day to day, rather than carrying around gold everywhere.

All governments combined together hold only a small fraction of all available gold in circulation. No one knows (well, the total majority of populace) how much gold is placed in Fort Knox and whether it is actually there (no audit since the early 1930s).

ranlo

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Quote from: tee-rex on March 13, 2015, 12:50:49 PM

Quote from: ranlo on March 13, 2015, 12:32:29 PM

Quote from: tee-rex on March 13, 2015, 06:37:51 AM

Bitcoin can fall in price many times yet (in fact, it already did within the last one and a half year), or even become worthless altogether in the end. Gold, on the contrary, has never seen anything of the kind within the last few centuries at least. The only two times in history that I know of when it fell significantly in price were the periods after the Black Death devastated Europe in the 14th century and when the gold of the Incas flooded Europe in the 16th century. So, if you don't own physical gold already, this won't be a bad investment as a hedge against almost anything.

Bitcoin is for the speculative mind, gold for the conservative one.

That's because gold is backed by governments. Bitcoin is backed by individuals. Gold is also physical and can be used to create things (like jewelry), which Bitcoin can't be.

Quite the contrary! Governments are laying themselves out to keep gold prices at bay (that is, low), since gold is a currency by and of itself but governments don't need competition with the shit they happen to print. Gold is backed by its inherent qualities, that's why it has been valued so high through centuries despite all governments efforts.

I thought the governments backed it, which is why we have things (or I believe "had?") like Fort Knox that were holding cells for it. My understanding was that gold was basically the "storage" vehicle and fiat was the method of transacting day to day, rather than carrying around gold everywhere.

tee-rex

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Quote from: ?? on ??

Europe is rushing into gold so expect a short rise and then a fall, I would put half in silver and half in Bitcoin (silver is low and it should go up at least 3$ an ounce by the next year)

Silver is by far more volatile than gold and subject to market manipulation. Remember the Hunt brothers who tried (but ultimately failed) to corner the world market of silver in 1980? It could actually go as high as 50$ per ounce or fall as low as 10$ (which we are not far off today), or even both.

BTC-Bank

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In my opinion you can split it, half bitcoins/half gold to be more safe.Both can be risky and profitably too but if i was you i was going to put more on bitcoins half..

Kind Regards,
BTC-Bank.

tee-rex

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Quote from: ranlo on March 13, 2015, 12:32:29 PM

Quote from: tee-rex on March 13, 2015, 06:37:51 AM

Bitcoin can fall in price many times yet (in fact, it already did within the last one and a half year), or even become worthless altogether in the end. Gold, on the contrary, has never seen anything of the kind within the last few centuries at least. The only two times in history that I know of when it fell significantly in price were the periods after the Black Death devastated Europe in the 14th century and when the gold of the Incas flooded Europe in the 16th century. So, if you don't own physical gold already, this won't be a bad investment as a hedge against almost anything.

Bitcoin is for the speculative mind, gold for the conservative one.

That's because gold is backed by governments. Bitcoin is backed by individuals. Gold is also physical and can be used to create things (like jewelry), which Bitcoin can't be.

Quite the contrary! Governments are laying themselves out to keep gold prices at bay (that is, low), since gold is a currency by and of itself but governments don't need competition with the shit they happen to print. Gold is backed by its inherent qualities, that's why it has been valued so high through centuries despite all governments efforts.

ranlo

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Quote from: tee-rex on March 13, 2015, 06:37:51 AM

Bitcoin can fall in price many times yet (in fact, it already did within the last one and a half year), or even become worthless altogether in the end. Gold, on the contrary, has never seen anything of the kind within the last few centuries at least. The only two times in history that I know of when it fell significantly in price were the periods after the Black Death devastated Europe in the 14th century and when the gold of the Incas flooded Europe in the 16th century. So, if you don't own physical gold already, this won't be a bad investment as a hedge against almost anything.

Bitcoin is for the speculative mind, gold for the conservative one.

That's because gold is backed by governments. Bitcoin is backed by individuals. Gold is also physical and can be used to create things (like jewelry), which Bitcoin can't be.

Ashwell John

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First is ask yourself what about you know more bitcoin or gold? Both are risky business. So need to know well if you want to gain.

tee-rex

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Bitcoin can fall in price many times yet (in fact, it already did within the last one and a half year), or even become worthless altogether in the end. Gold, on the contrary, has never seen anything of the kind within the last few centuries at least. The only two times in history that I know of when it fell significantly in price were the periods after the Black Death devastated Europe in the 14th century and when the gold of the Incas flooded Europe in the 16th century. So, if you don't own physical gold already, this won't be a bad investment as a hedge against almost anything.

Bitcoin is for the speculative mind, gold for the conservative one.

mliverpool

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I personaly wouldn't invest that amount of money in bitcoins because of its changing value...But, it's your money and your decision...Good luck anyway!

ranlo

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Quote from: Wardrick on March 12, 2015, 04:19:13 PM

Quote from: RodeoX on March 12, 2015, 03:30:10 PM

I think of gold as low risk with moderate upside potential while BTC is high risk and extreme upside potential. They actually balance pretty well. I would go 1oz. gold and the rest in BTC.

According to the price charts for gold, if the OP were to of picked gold to hold for one year he would of lost almost $200.00. This could make for an increase in price this year though. There is several other ways to invest this amount of money where you can get a lot more out of (I linked an article in my previous post). I think it appeals to people to invest in gold because it's always been a luxury, which it's alright if you have the right amount of money to throw around or the time to sit on. For a one year investment though you wouldn't get much action out of Gold.

If he had invested in Bitcoin a year ago, he'd have lost significantly more.

I do agree, though, that there are other places you can invest that are "safer." But with that safety comes less upside. The question is all about risk: would you rather risk 5% to get 5% or risk 100% to get 15000%?

Lauda

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Terminated.

Quote from: CrackedLogic on March 12, 2015, 09:16:46 AM

Quote from: jokowi on March 12, 2015, 04:58:26 AM

Buy Bitcoin mate Grin

Now that I think about it, Bitcoin is the better investment. It's rising slowly and by this time next year I speculate it being around $600-$650 if things don't fall this year.

If you want to buy Bitcoin just as an investment to profit from it, then rather don't. Bitcoin is meant to be used, unlike gold (an exemption are fashion accessories).
I usually tell people to buy Bitcoin all the time. OP if you believe in Bitcoin, buy it and use it.
If you want to invest (i.e. only hold, especially for shorter periods of time) you should look somewhere else.

Wardrick

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Quote from: RodeoX on March 12, 2015, 03:30:10 PM

I think of gold as low risk with moderate upside potential while BTC is high risk and extreme upside potential. They actually balance pretty well. I would go 1oz. gold and the rest in BTC.

According to the price charts for gold, if the OP were to of picked gold to hold for one year he would of lost almost $200.00. This could make for an increase in price this year though. There is several other ways to invest this amount of money where you can get a lot more out of (I linked an article in my previous post). I think it appeals to people to invest in gold because it's always been a luxury, which it's alright if you have the right amount of money to throw around or the time to sit on. For a one year investment though you wouldn't get much action out of Gold.

funtotry

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Quote from: Hfleer on March 12, 2015, 03:41:12 PM

Quote from: funtotry on March 12, 2015, 03:34:51 PM

Quote from: Hfleer on March 12, 2015, 03:31:24 PM

Quote from: funtotry on March 12, 2015, 03:18:20 PM

Quote from: Hfleer on March 12, 2015, 03:12:11 PM

Quote from: Wardrick on March 12, 2015, 03:06:00 PM

In my opinion investing $2000.00 into gold isn't efficient because of the high price. You are better off looking at something like regular or penny stocks. With $2000 invested into gold you are likely only going to lose or gain around $100 ,take a loos at gold prices here - http://www.cmegroup.com/trading/metals/precious/gold-volatility-index-vix-futures.html - If you are simply looking for a place holder then gold is your best option for that amount of money. If you are actually looking for a decent return but with some risk involved I would suggest Bitcoin or something from this article -

http://www.wikihow.com/Invest-Small-Amounts-of-Money-Wisely

That point is true. Its is very hard to split 2000$ into gold without paying insane premiums. First you buy 1 oz and then what? halve and oz on top? Those things go for 3-5% premium.

I'm pretty sure you can buy "gold", you don't actually own gold but you get gold as a number just like a stock exchange. Correct me if I'm wrong.

If you are referring to ETFs, then you only participate in the value change of gold, you actually never are entitled to the gold the ETF holds. So unlike stocks, there is no real alternative to physically holding gold.

Yes but I think the ETF would solve the problem of not being able to divide up gold, or owning a very small amount. You are never entitled to the actual gold you have in the ETF, but you can easily just sell it and buy real gold if you wish.

That is true for the time the financial world is still active and alive. Many gold bugs argue that paper gold is not real because when everything collapses only real gold will safe you.

Also for 2000$ ETF, the fees will be quite high for a full roundturn, but yeah, still better than with real gold.

Well yes of course, having stock will not be valid if the world's money system collapses, but thats a different argument. This is on wether gold or bitcoin is better for investing for profit.

Topic: I have USD 2000 to invest. Should I buy Bitcoins or gold? - page 11. (Read 14398 times)