Post
Topic
Board Economics
Re: Why people says gold is better?
by
easynote
on 28/02/2018, 23:17:34 UTC
Actually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?
Well, I think they say that gold is better because gold has been existed since the ancient times. So we can clearly see that gold has survived a lot for all these years and it’s price has remained stable, even in the future. While when it comes to bitcoin we can’t really predict it’s future. It doesn’t have a stable value. Gold has showed it’s consistency while bitcoin is still unproven.
Gold is better to use if there is a lot of money that needed to be exchanged. I'd prefer to use Gold rather than fiat.