Post
Topic
Board Economics
Re: BTC to GOLD
by
Lucius
on 12/12/2019, 14:19:06 UTC
I see nothing wrong with investing a portion of your assets in gold, so far it has proven to be a very reliable way to store value, much better than fiat. We can say that gold is a much safer investment with a fairly stable price, but also with less opportunity to earn when compared to Bitcoin.

We can see that gold is mainly something that states buy as financial reserves, but also that in some countries gold still has a traditional value, mainly in the form of jewelry, or some items made of gold. Bitcoin is actually the currency of the younger generation, something that attracts people between the ages of 18-40, and the term digital gold is actually something that describes it in some way.

What's better, a 1 BTC or gold in that value? In my opinion, it is much better (though riskier) to have 1 BTC, but it is far safer to have gold if we want stability and slow growth. Perhaps the best solution is to have both, so the risk is reduced and we have insurance in case something goes wrong.