1 fiat Bitcoin is worth almost 3.5 ounces of physical gold. Fiat Bitcoin or physical Gold? Long-term, who will be the biggest financial winner? Let's examine this question:
Wonder if anyone is selling their 3.5 ounces of physical gold now to buy 1 fiat Bitcoin ("fiat" means created out of thin air and backed by nothing), or if anyone is selling their 1 fiat Bitcoin now to buy 3.5 ounces of physical gold?
Long term, who will be the biggest winner?
Fiat Bitcoin versus physical gold?
Let's examine this question fairly, shall we?
Let's say the Bitcoin evangelists are right, and 1 fiat Bitcoin goes to $10,000 US Dollars each. If you own any fiat Bitcoins, will you financially win by it?
In a Global Currency Reset scenario, when the US Dollar dies. The Gov't will create a NEW currency to bail out the dead US Dollar. However, $10,000 US Dollars may only be worth .10 cents or $1000 in the NEW issued currency, so one's $10,000 fiat Bitcoin has lost 90% of its value overnight, as it will only be worth $1000 in the NEW issued currency in a Global Currency reset. But $10,000 in physical gold will still be worth $10,000 or more in the NEW issued currency; thus, one's wealth is fully preserved and protected by owning physical gold; unlike owning fiat Bitcoins.
Sometime to think about as you hear and process through all the fiat Bitcoin jibber-jabber, hype and fiat deception.
Disclosure: never owned any Bitcoins and never will, and don't care either way if the Bitcoin price goes to $1 million or $1. Simply the truth is told about fiat Bitcoin and physical Gold/Silver; whether its good or bad, or if the truth hurts.
All the best!
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endtimenews
How much will gold be worth when a huge amount of it is found and added to the market?
A huge amount of gold supply is already being added to the gold market every day by those selling gold short contracts, which introduces more gold supply to the gold market, as most buy paper gold contracts over physical gold. And this addition of gold supply flooding the markets every day caused gold's price to be where its at today and tomorrow, and so on. Yet, it doesn't matter if physical gold is $1 per ounce, $1000 per ounce, $2000 per ounce, or whatever price. That $1 gold or $1000 gold or $2000 physical gold will still be worth $1 or $1000 or $2000 in the new currency that is issued to bail-out the dead US Dollar. That's the point. So, the price of gold is meaningless, as long as it gives you 100% preservation of your wealth, which fiat Bitcoins cannot do, per the reasons given above. All the best!
https://www.bloomberg.com/news/2014-12-11/apple-co-founder-traded-his-shares-for-gold-why-that-was-a-horrible-investment-in-1-chart.html
Well at least he isn't going hungry.
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STOPdon't have any fiat cryptos myself
however what do you think about gold backed cryptos that are coming out
upvoted
Nothing can replace physical gold in your hands.