Just a note that you should prefer Silver over Gold right now. A few reasons:
1. Look at the ratio of Gold to Silver. When that gets high by historical standards, like now, Silver is usually the better value.
2. Silver has industrial as well as monetary/jewelry value so there will be demand even if people stop investing in it
3. Gold is likely in a "bubble" right now. If we extrapolate long term trend it should be $400-$500 an ounce not $1200
4. Silver, by contrast, is trading at historically normal and arguably low rates. It has come way down from its recent highs.
Bitcoin v/ Gold is kind of Apples to Oranges. I would argue both are in a bit of a bubble but Bitcoin is much less predictable since it could either die a horrible death or take off and become a big player in global finance. Generally, I think Gold would be the safer store of value but Bitcoin certainly has far more appreciation potential. Bitcoins could go to $100,000 a coin but Gold won't go to $100,000 an ounce.
1 - Silver is a bargain at the moment but not in the EU where you get hit with VAT on silver but not gold
2 - It is an industrial metal, but is that a good thing if we are about to enter global recession?
3 - But you have forgotten to factor in quantitative easing, NIRP & ZIRP - traditional monetary policies are dead and gone.
Gold is up 20% year to date and thats just the beginning, we will hit $3000/oz within 2-3 years.
China and russia as well as the wealthy are currently throwing cash at gold driving up the price, came cant be said for bitcoin.
Where do you think all that additional cash is going to come from to drive bitcoin to $100,000?
The biggest problem is people here expect to buy a couple of bitcoin or a few oz gold and sit back and watch them go to the moon and become millionaires overnight with no work.
Not going to happen unfortunately.
