Post
Topic
Board Economics
Re: Is gold better than Bitcoin?
by
davis196
on 12/10/2016, 05:57:19 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

Yes,unfortunately gold is better than bitcoin and gold will always be better.

People use it as a currency for 5000 years.Bitcoin is used as a currency for about 5-6 years.

If the entire internet goes down,what happens with bitcoin?