Post
Topic
Board Speculation
Re: I have USD 2000 to invest. Should I buy Bitcoins or gold?
by
funtotry
on 23/03/2015, 15:33:41 UTC
I have USD 2000 to invest. Should I buy Bitcoins or gold?

what you  prefer can hold upto 1 year

gold for sure if you don't wanna lose all the money
a year is far too much for a bitcoin to be trusted
Gold has been going on for thousands of years but btc can prove to much higher or larger price swings and is more exciting. Gold yes is probably safer but the profits are very small and you won't see it going up 10% in one day like btc. Year is where I think the price will be at least double, but thats my opinion

You can always try buying gold on margin if you are not quite happy with it making pathetic 1-2% daily swings. Most likely you will see how your account gradually but quickly gets wiped out in just a few days, but there is still a chance (to get rich fast)...
Also the fees paid while buying and selling, and also physical gold is very hard to trade frequently. Its better for a long term decade like investment, but I think btc will outperform it in 10 years.