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/biz/ - Business & Finance

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12822517 No.12822517 [Reply] [Original]

is bitcoin better than gold?
why is gold better investment than bitcoin

>> No.12822552

>>12822517
Bitcoin > Gold
>easily transportable
>significantly less risky to carry with you (i.e. "civil" forfeiture

Gold > Bitcoin
>actually has physical use cases, many of which are not going away any time soon
>less (but not totally free of) manipulation

>> No.12822569

>>12822552
>actually has physical use cases
those account for maybe 5% of the price, it's worse than copper in nearly all respects except as a thin-as-possible surface layer

>> No.12822802
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12822802

>>12822517
diversity is a strength son they're both good in their own way, now go tell your mother these a ready to come off the grill

>> No.12822877

>>12822552
>less (but not totally free of) manipulation
That's not true, there is an insane amount of paper gold traded on exchanges around the world artificially deflating the value of the real bars you have at home. Beyond that, banks, governments, and brokerages constantly take steps to artificially deflate the value of gold because investors see a rise in gold as an indicator that the economy is in trouble. Even in the event of an economic catastrophe precious metals still couldn't be traded for their full value because financial institutions take so many steps to keep prices low artificially. And those are just the issues associated with the gold on the market and not hoarded by the state.