Post
Topic
Board Economics
Re: Bitcoin or gold?
by
jaysabi
on 17/08/2017, 23:55:20 UTC
I'm surprised how many people chose gold on a btc forum. Gold seems like a pretty crappy "investment", more like a hedge against collapse. Is it going to appreciate by 10% a year? I'd chose stocks and bitcoin.

Gold historically has been exactly that, a hedge against disaster or a failsafe to preserve wealth in uncertain economic conditions. The volatility exhibited by Bitcoin is great when it's on an overall upward trend has it has been for months, but everyone forgets how terrible it was owning Bitcoin at $200 for a year after it was trading at $800 and people were wondering if it would ever see those highs again.