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RE: GOLD’S NOT DEAD!

in #money7 years ago

I know this post is not the most recent, but I could not help but to support the campaign Gold is not dead. This reminds me of the movie God's not dead😊😊
Since the advent of cryptocurrencies, alot of people have said that gold is dying, but that's not true. According to my research and experience, there are many reasons why cryptocurrencies will never replace gold.

  • For one, cryptos are strictly forms of currency, whereas gold has many other time-tested applications, from jewelry to dentistry to electronics.

  • Unlike cryptos, gold doesn't require electricity to trade. When there is no electricity, crypto are useless. This makes gold especially useful in situations such as hurricane-ravished Puerto Rico, where 95 percent of people are reportedly still without power. Right now the island's economy is cash-only. If you have gold jewelry or coins, they can be converted into cash-all without electricity or WiFi.

  • Finally, gold remains one of the most liquid assets, traded daily in well-established exchanges all around the globe. Every day, some £13.8 billion, or $18 billion, worth of physical gold are traded in London alone, according to the London Bullion Market Association (LBMA). The cryptocurrency market, although expanding rapidly, is not quite there yet.

So let's not fidget, gold is going nowhere. It's not even close to half its life, talk more about being dead. GOLD IS NOT DEAD

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