Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Gold or Bitcoin?
by
aysg76
on 22/08/2021, 09:20:18 UTC
⭐ Merited by Ratimov (1)
I think bitcoin can be the answer to our question, but we should not ignore gold.
Yes we can't ignore gold but my perspective is slightly different from you.We should not ignore gold that how it is giving diminishing returns for all these years and government fool people that currency is backed up by gold and it's not the case.The people are not anymore having any interest in these traditional investment methods which are just show off and glittering metal not a big thing.You can't easily exchange your gold on local stores but need to store them and can't carry it physically as safety precaution.But above all bitcoin is now the rising financial asset and preferences for most of people who are educated and want to have deflationary future ahead.

See this : Motivation for newbie investors by Ratimov

Check how much return gold has given in past month and you will find out that it is negatively progressing like dollars and other fiat currencies not in advance mode.So if you have bitcoin on one side which is giving more than 300% annual returns and on other side most favourite choice is gold which has given more than 12-13% negative return in last month and over all these years.

$1000 in bitcoin is now more than $400k and similar gold now is at $996 which is best for you? So still you think you can't ignore it? You have responsibility to secure your future and it depends on you gold or bitcoin.