Post
Topic
Board Economics
Re: Commodities Gold/ Silver
by
The Pharmacist
on 01/11/2018, 20:04:34 UTC
We all know that Cryptocurrency will be big in 3 to 5 years time.
You can speak for yourself about that.  I wouldn't be ballsy enough to bet the ranch on bitcoin popping back up to its last ATH within 3-5 years (though it certainly could happen, and I hope it does).

There seems to be a mood in the stock market that I can't quite put into words, but if I had to choose one it'd be "pessimism".  There's a lot of political craziness going on in the world, so it doesn't surprise me that the market is dropping.  What's strange is that gold & silver prices haven't really moved much--not since the stock market correction, and not much in years actually.  The metals market seems to be kinda dead, so the people who are selling stocks and causing the market to drop obviously aren't putting their proceeds into gold or silver--or bitcoin for that matter.  I think a lot of investors are staying in cash for the moment.

precious metals are the most reliable way to invest, at least before the creation of cryptocurrency
That's so not true, and history proves this.

In any case, they're not competitors anyway. You don't have to choose one or the other, and it would be foolish to do so.
Those are words of wisdom.  Unfortunately that doesn't stop people from creating these threads comparing bitcoin to gold.  Personally I'd choose bitcoin over gold, but owning both might be a wise move depending on how much of each you invested in.