Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin Replace Gold ?
by
First77
on 08/04/2018, 22:40:00 UTC
Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets. The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter

2009 has something to do with the events to come.....

Stock markets were crashing in 2009 (DOW 6500), Bitcoin was launched, Chinese government telling its citizens to buy gold and silver, Obama's wars...., North Korea, Iran. There is big move predicted in Gold and Silver after Donald Trump's $150 billion tariffs on Chinese good and services.

Gold protects people's wealth during wars and inflation/price rise.