Post
Topic
Board Bitcoin Discussion
Re: Bitcoin or Gold? What would you pick?
by
Snippetz
on 30/04/2014, 14:20:09 UTC
I would choose gold any day of the week.

Bitcoin is nice for the convenience of use for online purchases and it can be brought with you anywhere you want, sure that's a nice feature, and it can't be counterfeit etc etc...

But gold is recognized everywhere in the world. You bring a piece of gold jewelry to a poor or rich country and I guarantee they would recognize it as gold and hold value to it.

Gold is also a store of wealth more than it is an investment. Gold's primary purpose is a store of wealth for those who don't want or trust fiat currency.

It is unfortunate, however, that the gold/silver market is heavily manipulated hopefully someone cracks down on the banks illegal activity with price fixing.