Topic: Why people says gold is better? - page 87. (Read 11686 times)

Gold has history of centures. It was known and used for trade a lot of years ago. Gold is reliable investment and its price is rather stable comparing with BTC

They always say that because of Gold's physical luxurious beauty that's pleasing to the eye and could make you look rich when you have one in your accessories. They will keep telling you that until they realize how and what the price of Bitcoin can reach and could buy them tons on it in high karats in just a single Bitcoin in the near future.

I think that is not reasonable to compare Gold or other commodities with whichever cryptos. That are two absolutely different planets with different rules.

I think why other people gold is better because this kind of investment is safe or less risk. Because even the price of bitcoin continue to increase fast they will crash fast also and thats the disadvantage. While in gold the price continue to increase but slowly but surely so your money safe or prevent to lose. But for me both is good. Bitcoin gives you high profit and gold gives you high profit also.

“Gold remain a relevant asset class in modern portfolios, despite their lack of yield,” analysts including Jeffrey Currie and Michael Hinds wrote. “They are neither a historic accident or a relic.” Looking at properties such as durability and intrinsic value, they are still relevant even with new materials discovered and new assets emerging, such as cryptocurrencies.

Investors boost the amount of gold in their portfolio as uncertainty increases, making fear the key medium to short-run driver, Goldman said. Wealth is the long-term driver, especially in emerging markets such as China, where growing income levels over the next few decades will support prices.


Bitcoin has put in a phenomenal performance this year, soaring toward $6,000 after starting the year around $1,000. In contrast, gold is up 12 percent. The bank listed several characteristics to compare them, adding that it’s focusing on the currency, not the blockchain technology. They include:

Durability: While both require expertise for correct long-term storage, gold wins because cryptocurrencies are vulnerable to hacking through online wallets or the user’s computer or smartphone, are subject to regulatory risk, and network and infrastructure risk during a crisis.

Portability: Transferring bullion can be expensive, given its weight, need for a high level of security and high import taxes in some countries, such as India. In contrast, it’s much faster and cheaper to move bitcoins.

Intrinsic value: There’s a limited supply of gold and other precious metals in the Earth’s crust, whereas in the case of cryptocurrencies, it’s easy to create alternatives, meaning there’s effectively no control over supply at a macroeconomic level and no intrinsic value due to rarity.

Unit of account: Gold is better at holding its purchasing power, and has much lower daily volatility. Bitcoin/dollar volatility has averaged almost seven times that of gold in 2017, the bank said.

People say gold is better than bitcoin because gold has long, it is considered the standard unit of currency, the value of gold is not affected much as soon as the world is war or the country is suffering economic crisis.

Gold is the main asset of mankind from the times before our era. It is tangible, associated with wealth, in the end it is an indicator of wealth and in it states hold a significant part of the reserves.

Gold is a hard currency and there is always a good price for gold. It is impossible to pay for services with gold, but I think that this is not a problem. Gold is a very good investment.

maybe because bitcoin is virtual and they are afraid of being scammed. people put their trust on the things that is visible to them and living its worth since then.

In my opinion,  some people say that gold is better than gold because of the acceptance of it. Gold or real cash it much better than bitcoin because it is the primary use of many people. The acceptance of bitcoin is very low, only 15-20% of people accept bitcoin and gold or real money is almost 100%. That is the reason why some people are saying that gold is better than gold.

Bitcoin is created to be a digital currency,while gold is a precious metal and gold has a stable value in market
Maybe for someone gold is better when it comes to store of value.

those who say gold is better because they do not know about bitcoin and how much can be produced from bitcoin and gold is good but bitcoin is better

Well, everyone has a perspective. I can't blame them for thinking that gold is better. Gold is a universal investment whih can be used in most of the countries unlike Bitcoin that has legalization issues. Also, its market value is way more stable than Bitcoin that is volatile in nature. Maybe that is their perspective when it comes to investment and let's just respect it.

people trust gold, because that's what they are sure, they have a lot of experience associated with gold and a minimum of risks...and the cryptocurrency is a fairly new technology and not everyone is ready to appreciate it

It is because not all of the people knows bitcoin, that is why they are saying that gold is better. They only know what is the worth of gold but they are judging bitcoin without knowing what its real worth. They didn't know that bitcoin is more valuable and more worthy than gold, hence, we can't force them to trust bitcoin or to invest their money to bitcoin.

Gold is the old money for us, and that is also the reason why other people say so, especially those old people who are crazy about finding gold.

People says Gold is better, because gold has a stable value in market and definitely its value increses in future. People have trust on gold because rigid price and having confidence future returns. And gold accepted all over the world.
In case of bitcoin, still it is accepted as payment, having unsecured nature due its unstable fluctuating market value, in some countries still not legalised and having problems in conversion to money.

Because gold has already proved its stability in price for many decades. But in bitcoins, you can become a millionaire in an instant. It all depends on the circumstances, your decisions and good luck. Therefore, opinions were divided.

I truly believe that the sole reason a person would say gold is better than bitcoin is when he/she doesn't really understand bitcoin enough. It's in the nature of bitcoin to have its price increase as time passes by because of the bitcoin halving. The supply is divided by two every 210K blocks mined and it's believed we'll have another bitcoin halving around 2020. Gold has established its name in the world since it has got a good price ever since and it's having some price increase every now and then. The thing, though, bitcoin is wayyy higher than gold now. Some people used to compare bitcoin and gold all the time at the time when the price of them are nearing. That was just a couple of months ago but the price of bitcoin is wayy higher than gold now. So what do you think is better as an investment? Gold which still has the same price as before, or bitcoin which has 10x the price of gold now? The answer is so obvious.

Bitcoin has become insanely popular in the recent times, but still majority of the people don't know about Bitcoin .
Not knowing eventually becomes the reason for not believing in Bitcoin .
People think gold is safe because it has a stable price ( though it fluctuates slightly) .
Another most important thing is that people who buy Bitcoin always have a fear that it's price may drop anytime while buying gold can never cause such fears .

gold prices tend to be stable makes some people think that investing in gold is better than in bitcoin. They can also easily sell gold anytime and anywhere. But if they invest in gold in the form of jewelry it is a mistake, instead of getting a profit instead of the losses they will get.
Because the cost of making gold jewelry and also cut losses when the sale of gold is now more expensive, approximately 25 to 80 thousand rupiah per gram depending on the price of gold in the market at that time.
So if someone wants to invest with gold better choose gold bullion, because gold bars tend to be pure.
Currently, many banks or pawnshops offer gold bullion loans, the weight of gold offered also varies among others 25 grams, 50 grams, and 100 grams. So they can be easier to use.