Post
Topic
Board Economics
Re: Why people says gold is better?
by
Jembut Ireng
on 07/04/2018, 03:40:20 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?

For now gold is better because it is very precious. As long as you have the money you can buy it. You can also see the actual gold. In bitcoin it is only virtual and people cannot easily invest and buy it becs. The transaction is online.
Gold
Until whenever gold will be precious, this is because all countries in this world recognize gold as the main commodity, the need for gold always increases, the rich must keep gold and this is what makes gold can not be compared with anything including bitcoin.