I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.
What do you hold the bulk of your wealth in?
You haven't studied gold price charts do you? Of course that gold won't become useless but it is still commodity susceptible to rapid price shifts.
Prices of gold (per ounce):
June 14, 2007 - $650
March 11, 2008 - $980
September 5, 20011 - $1899
December 15, 2015 - $1060
And the current price of gold as of March 24, 2017 is $1,251.10 per ounce. Gold is not stable as many people might think.
Source:
http://www.macrotrends.net/1478/gold-prices-10-year-daily-chart