Here is a point of view:
If you take a look at index Dow Jones performance 50 years ago you can see it was below 1000 points but now it's above 23000. The question is how many people got bankruptcy invested in DJIA? Whether it's gold, BTC, or Dow Jones you still face the same risk as an inexperienced investor.
Topic: Investing in bitcoin is more secure than investing in gold ? - page 5. (Read 2469 times)
Paper gold is like a web-wallet, but that doesn't mean the real McCoy has any of the same issues.
dude, the banks don't have 10% of the gold that they issue on paper. if every paper gold holder tried to get their gold in physical form ... see 1980 silver manipulations as example.
also; gold thousands of years used as currency
bitcoin; an experiment 4 years in.
just sayin
Gold is safe if you physically own it. In your home for example. If you only own a piece of paper then it is not safe.
I suppose gold is a very secure investment if you can afford a high-quality safe, armed guards 24/7, and live in a bunker. Otherwise, storing even moderate physical quantities of gold in your house sounds like a very unsecure idea.
Paper gold is like a web-wallet, but that doesn't mean the real McCoy has any of the same issues.
In 2012 I invested in both gold and bitcoin. By today, with gold I lost 20% but with bitcoin I gained 3000%. Now bitcoin is the largest asset in my portfolio.
However, I still find gold more safe/stable investment in long term (10y and over).
However, I still find gold more safe/stable investment in long term (10y and over).
At this point, I believe it is traditional to do portfolio rebalancing and transfer some of your Bitcoin winnings into gold. That can help you capture your gains from the Bitcoin bubble in case it collapses. That's basic asset allocation strategy.
Furthermore, I agree with your estimate on the safety of gold despite your losses.
Just another article which compares both
http://www.businessinsider.com/three-reasons-gold-is-like-bitcoin-2013-4
http://www.businessinsider.com/three-reasons-gold-is-like-bitcoin-2013-4
In 2012 I invested in both gold and bitcoin. By today, with gold I lost 20% but with bitcoin I gained 3000%. Now bitcoin is the largest asset in my portfolio.
However, I still find gold more safe/stable investment in long term (10y and over).
However, I still find gold more safe/stable investment in long term (10y and over).
The #1 rule of investing is to diversify. Given that gold and bitcoin have different strengths and weaknesses, and tend to advance or fail at different times and in different ways, the best course of action is to diversify and invest some measure in both. Thus the choice "bitcoin versus gold" is a false dichotomy, and one should ideally choose both.
This article is probably a fake. No facts, no names, no sources.
uh, sources? in general I wouldn't trust any certificates (paper), after what I have come to know about central banks and banks. even COMEX does fractional reserve on their silver futures.
http://www.nytimes.com/2013/01/17/business/global/german-central-bank-to-repatriate-gold-reserves.html?_r=0
Quote
early half of Germany’s gold reserves are held in a vault at the Federal Reserve Bank of New York — billions of dollars worth of postwar geopolitical history squirreled away for safe keeping below the streets of Lower Manhattan.
Enlarge This Image
Frank Rumpenhorst/DPA, via Agence France-Presse — Getty Images
Germany recently counted and tested all of the thousands of gold bars it keeps in foreign banks.
Now the German central bank wants to make a big withdrawal — 300 tons in all.
Enlarge This Image
Frank Rumpenhorst/DPA, via Agence France-Presse — Getty Images
Germany recently counted and tested all of the thousands of gold bars it keeps in foreign banks.
Now the German central bank wants to make a big withdrawal — 300 tons in all.
http://www.nytimes.com/2013/01/17/business/global/german-central-bank-to-repatriate-gold-reserves.html?_r=0
Is investing in bitcoin more secure than investing in gold ?
If you invest a lot of money in gold where to put it to be secure ?
In Fort Knox may be is secure. Or may be not ?
http://www.4thmedia.org/2013/04/16/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults/
If you invest a lot of money in gold where to put it to be secure ?
In Fort Knox may be is secure. Or may be not ?
http://www.4thmedia.org/2013/04/16/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults/
I assure you nobody on this forum was considering stashing gold in Fort Knox.
Gold is safe if you physically own it. In your home for example. If you only own a piece of paper then it is not safe.
While with bitcoin, you OWN the bitcoins even with a simple paperwallet.
While with bitcoin, you OWN the bitcoins even with a simple paperwallet.
Investing in gold is of course more secure than investing in Bitcoin. At least if you store it in your own home, somewhere safe (hidden room or something).
Is investing in bitcoin more secure than investing in gold ?
If you invest a lot of money in gold where to put it to be secure ?
In Fort Knox may be is secure. Or may be not ?
http://www.4thmedia.org/2013/04/16/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults/
If you invest a lot of money in gold where to put it to be secure ?
In Fort Knox may be is secure. Or may be not ?
http://www.4thmedia.org/2013/04/16/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults/
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