Post
Topic
Board Economics
Re: Is gold better than Bitcoin?
by
pinkpanther03
on 02/10/2016, 12:19:00 UTC
A lot of people seem to think gold is the answer to all our problems. Every time the economy takes a turn for the worst, people turn to gold. {They invest in gold to hedge against these problems} If you

do not buy physical gold items/ornaments/jewelry/gold bars ... you still have ZERO protection against anything. It is just a piece of paper and a ledger entry on a private database. People seem to think

that there are tons of gold stored in secret vaults under government buildings. Is this true? https://www.youtube.com/watch?v=gZcRk7UClO4 { There are no proof of this and audits in the USA are about

60 years old. } You have the only entry to your investment, when you invest in Bitcoin. { The private key } The proof that it exist, is on a public blockchain....  Wink

I think so, Gold actually nowadays is very hard to mine. It will need big investment amount of money, heavy equipment, etc. While in bitcoin is opposite in gold, aside from that bitcoin is easy  to mine and very  convenient to use and  no hassle too.