>If so, how is it different from bitcoin? not by much, bitcoin is harder to confiscate but golds health and value is not dependent on the wholeness of internet.
while governments could force isps to filter out the bitcoin protocol effectively making the currency worthless enforcing a gold ban is much more difficult if citizens decide to hide it and privately trade.
so it all depends what do you expect to happen in your country in which one is better, but they both serve the same purpose.
>How does gold protect from market or economic crash like 2008? by doubling in price in a few years.
Tyler Bailey
gold is real with centuries of history as a currency/desirable item
bitcoins are not real and attracting unwanted attention from governments that see it as a threat
gold/silver bugs will tell you: if you cant hold it, its not yours. This is their guide in choosing a secure investment, you have to decide if this is of any value to you position or not.
Angel Martin
>gold doubling in a few years gold isn't a money making investment
Ian Morales
>gold isn't a money making investment more like gold is not an investment it's insurance
but aside from that your observation is so goddamn idiotic given the context it kinda hurts. gold was sub $700 pre 2008 and 2008 autumn then hiked to $1700-1800 for 2011-2013 a few times. actually that's almost tripled not doubled.
William Cooper
you will never ever see that again
Lincoln Flores
doubtful we will not see greater hikes in the coming years. the only problem is even if you see golds value quadruple in usd that doesn't necessarily mean anything.
David Reyes
read my lips and screencap this post. NEVER. EVER.
Alexander Wilson
sure sure, the usd is about to tank we will see gold above $3000 by the end of next year, but whatever you say.
my only problem again that doesn't mean anything to me, as my national currency is tied to the euro.
Easton Green
>What are other or better ways to protect yourself from economic crashes like the one in 2008? The only way to be secure from economic crises is by having a competent active management firm that operates 24/7 trade your equity. Gold is only insulation for most market crash scenarios, not all.
Bitcoin is easy to confiscate, imagine how hard it would fall if the Fed shut down all public Bitcoin exchanges.
Nolan Perez
>imagine how hard it would fall if the Fed shut down all public Bitcoin exchanges. lol. fed now has power over websites and in other countries too? sure any government action would hurt the price short term and wighout exchanges bitcoin is worth nothing.
Jace Nguyen
Gold is so low and 2008 is about to happen again
Cameron Walker
only it will be worse. maybe by a magnitude if the crows get it right.
Gavin Jones
Can someone answer all the questions individually?
Matthew Anderson
no
Daniel Cox
>reading lips after 1988
Charles Russell
This question is dumb so I'll give you an elegant answer.
Gold is a finite resource, your meme coins are toys the government is letting you play with.
Cooper Hall
>Gold is a finite resource only practically the amount of gold on planet earth alone could cover the surface a meter high. it's a very very abundant element actually.
coins are artificially designed to be scarce which is good but having a finite amount is not. i think bitcoin is retarded and will never be adopted for this very reason. doesn't mean you can't have fun with it short term.
Carson Sullivan
>only practically the amount of gold on planet earth alone could cover the surface a meter high.
not only gold is sacarse but it takes a shit ton on resources to mine it and in top of that is being used as consumers product, meaning it now serves a purpose other than being a shining honk of metal collecting dust in a warehouse.
gold is one if not the most reliable form of currency until they find a practical an economic way to inject particles in to led.
meme coins are fun as fuck but I can guarantee you in an economic crisis no one will trade you a can of fucking tuna for them
The value of gold comes from not only it's scarcity, utility as a currency but mostly from the fact that it's in your cellphone and we can make shiny things from it.
I would never be seen dead wearing a Bitcoin necklace.
Evan Morgan
in those estimates they also add the gold that's spread in every grain of earth but only consists of some atoms in every ton of earth or the gold in the oceans. If you could extract all of that gold with the use of memes and magic you could cover the whole earth in a thick layer of gold...
Parker Powell
i really was just arguing about the "rare element" meme. it's not rare it's awfully abundant in the universe it comes from dying stars very stable and there is a lot of it on earth alone.
practical supply is limited but so far we found new gold deposits faster than they had been mined. we had to we experienced a population growth that was insane in the past century.
really gold can turn out to be the same as oil. people getting hysterical about it running out but then we just keep on finding it.
