Gold is waste of time.
So how did you come to that conclusion?
I presume you are unaware :
1) Gold price charts showing a 30% price increase Y2D
2) The fact that gold has outperformed stocks for the last decade
3) Gold is at the start of a new bull market with many predicting $5000 by 2020
Another prime example of someone that hasn't got a clue feeling the need to spread his infinite wisdom
Gold purchases are now quite easy, and the premium is going down. The last time when I purchased a 1g gold coin (1/32 oz.), I paid just 1% premium to the bullion merchant. Compared to that the premium for BTC is slightly higher. In my area, it is not possible to find some seller in Localbitcoins, who is willing to sell coins for less than 3% premium.
That is a great deal for such a small fractional piece of gold, I am now sticking to gold sovereigns and paying 2% over spot.