Post
Topic
Board Economics
Re: Is gold better than Bitcoin?
by
rik3
on 28/10/2016, 10:13:37 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
According To me We Can't Compare Gold and Bitcoin Because Bitcoin is a Digital Currency and Has More Potential to Grow and Gold is a Commodity and Have Less Potential to Grow.....
But For Your Question I think that Bitcoin is Much Better than Gold.....