Quote from: Crypto Rock on January 15, 2018, 06:44:34 AM

Quote from: Walrus1 on January 15, 2018, 06:25:39 AM

Gold is an untaxed commodity in the us. It is an insurance policy for bad times.i Gold is undervalued and so far this year is doing well. Gold is a universal legal tender. Gold does tend to go down when the fed raises rates as people move into bonds that pay yields but I think people are concerned with the overheated market and hedging with gold. I don't think u guys appreciate the 4,000 years gold has been accepted as currency and value. Please stop this nonsense. Btc is btc it's a good thing but incomparable to gold or stocks. Next someone will say btc will replace the Nasdaq or S and P. People don't loose confidence in gold, it has never been worth 0 in its thousands of year history and never will, please, I beg you, stop these nonsense posts you are being redicoulous plus there is 200 posts here saying this same thing

50% of gold that we have extracted on this planet has been used for jewelry. The last time gold was used as insurance policy in bad times was in WWII, and it did not work well (both for individuals and the governments), it''s heavy and hard to move around. Leading currencies are not pegged to gold for over a century. And above all, how many people that are under 30 today are buying and investing in gold?

Any digital commodity with limited supply has chance to become a reserve currency and replace gold in that function. Gold will still rule the jewelry market in our lifetime :-)

dude u couldn't be more wrong, gold is used as insurance against major issues aka cyber attacks, gold, financial upheaval and so many others. I've had gold for twenty years and it had served me well, please do your research and don't compare gold to crypto it defies logic