obviously gold would be the safe bet and bitcoin the risky. With gold having had thousands of years of maintained value and bitcoin being a few years old and extremely volatile.
in 1971 gold was $35 an ounce. it went up to over $800 in the early 80's then crashed to around $250. a few years ago it almost hit $2000. it then dropped into the $1,100 range. now what was it you were saying about volatility?
Well said, it's really hard to say which to keep. But, just to be on the safe side I'll keep both if ever. The reason is simple, gold has a secured value even if you'll keep it for a long time. On the other hand, bitcoin has risks. We don't know what will happen in 10 years, though bitcoin has been doing great for the last 5 years, it's value is unpredictable in the long run. But, I still think it's worth taking the risk. It's either you'll hold something worthless or something worth thousands of dollars after 10 years
Any equation has two sides
Just like any coin, by the way. In this very case, the changes in gold price reflected not the change in the value of gold itself but rather the change in the value of the American dollar. If we take a closer look at inflation adjusted gold prices, the price of gold is pretty stable long term. Bitcoin, on the other hand, is quite volatile, and this volatility is internal or built-in, so to speak. That is, it comes about due to the change in the value of Bitcoin itself, i.e. not in the value of a currency it happens to be priced in