Post
Topic
Board Economics
Re: Why people says gold is better?
by
angaper
on 14/04/2018, 20:42:34 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?

Many people assume that gold is better because over the years the social conscience has assumed that gold has an intrinsic value for the simple fact that since ancient times it has been sought with greed by most civilizations. And although there are too many studies that demonstrate the great subjectivity behind this greed, in reality people can not place their trust in what they do not know, and this ignorance is what leads people to prefer gold over bitcoin.