Thank you !! Thank you so much. This deserves to be quoted again. Thank you for this I saved these imagined now instead of explaining huge walls of text I simply refer s person to those tables. They very true and humourous too hahaha I love how it says to wear goves when touching money since it's filthy. Haha and gold is very shiney
Whoever populated those charts obviously has no clue what they are talking about and are so biased the information is worthless.
1) Portability - moderate. Lets apply some reality to this, a $40k gold bar is the size of a smart phone. How many people here at any point in their lives have walked around with so much cash that it would equate to more than a 1kg bar or two what would easy fit in your pockets.
2) Divisibility - moderate. You can buy gold in grains which is 1/15 of a gram.
3) Security - moderate. I bet I can come up with more major bitcoin hacks than you can major gold heists in the last few years. Also take a quick look at the scam accusation thread on this forum then find me an equivalet version on a precious metals forum.
4) Easily transactable - Low. I have strolled in to a bullion dealer, handed over 50oz of gold and the money was in my bank straight away. Scale that up, some days several hundred million dollars of gold are dumped within seconds on the market. If that happened to bitcoin there would be a major crash.
5) Decentralized - low. Gold can be purchased virtually anywhere in the world. It is also mined in numerous countries.
6) Anonomous - low - You can buy and sell gold for cash without any paper work or I.D requirements
7) Durability - low - They are pulling gold artifacts out of the ground that are thousands of years old and look as good as the day they were made. Its an element that doesnt rust or degrade.
8 ) Scare - Moderate. All the gold ever mined would fit on 1 tennis court.
9) Sovereign (Goverment issued) - Low. Ever hear of "Sovereigns"
Nearly every country in the world has government issued gold coins
Clearly you live in the Stone age or medievil times. Gold ? Seriously ? Ok send me some gold right now ? Oh wait... It's physical in a digital world.
People don't walk around with that much value in gold or cash so I have no idea what you on about.
If you feel this way then get off the forum you don't belong here. Go buy metal. Good luck with that. Perhaps you should eeucste yourself about debeers gold mining company in South Africa.
You actually admit to "strolling" around with that much good ? Clearly not an intelligent thing to do. That why we do digital so someone cant mug us. How you gonna steal my Bitcoin when they virtual ?
Good can't be bought vertuakky anywhere many papers require ID and even background checks. Bitcoin I can buy right now in 2 minutes without getting off the chair.
Actually no it depends on where you live.
Your argument about durability is ridiculous. Digital items can't get damaged. Good can be lost.
All the Bitcoin ever minded can fit on a USB drive bs your tennis court.
The funniest thing is when you speak of scams. Lol. People have scammed people of valuable items since said item existed. Always will be that way. No scams with good ? Are you serious ? So what about stolen jewelty and good being bought and sold at dodgy dealers ? What about scams run involving gold investments ? Did you even do any research ? Also Debeers gold company release gold little by little and control the market . You can't control the bitcoin market.
Go buy some gold and leave Bitcoin alone. I'm sure you will get good returns.... Oh... Wait.... That's right....