If Bitcoin was to be represented by a precious metal, Gold would be the obvious choice.

Gold is the most familiar of the valuable precious metals, and has long been at work making a name for itself. Once, back in 2011, Gold was even worth almost $2000 USD per Troy Ounce. These days, Gold is just over $1100 USD for value. When we consider the recent increase in value of Bitcoin, when it jumped to over $1000 USD in value, we can see how remarkably comparable to Gold this crypto-currency really is.

At the moment, BTC was dropped down to around $900 USD in value, which is still incredibly good.

For all the benefits of having some physical Gold on hand, I’ve never bothered to acquire any, though I certainly do value using precious metals as an excellent way to diversify my assets. I, for one, believe that the price of Gold is most likely over-inflated, and that eventually the price will drop. Even if it doesn’t, it doesn’t seem to have a lot of “wiggle room.” Gold would have a pretty hard time doubling in value, in my opinion.

It is for these reasons that I use Gold as a representation of Bitcoin. Both used to be worth more, but their prices have dropped back at the moment. Though both are very valuable, they may have both reached their full potential, and not have a whole lot of room for growth left. The biggest opportunity for a significant increase in value for either of these is the possibility of the failure of the US Dollar. Without that actually occurring, I don’t think we will see a whole lot of growth potential from Gold or Bitcoin.

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I am no expert, and have been and still can be wrong, but these are my thoughts on the matter at the moment.

Now Silver is a precious metal that I have more faith in. Silver has many more uses than Gold, and the value makes it a little more realistic to use in a time of crisis or in a bartering situation. The highest value that Silver ever reached was around $50 USD, and it is currently worth just under $17 USD. Like STEEM compared to Bitcoin, Silver has a significantly lower value than Gold.

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However, I believe that both Silver and STEEM have incredible room for potential growth.

Silver, since it is used in the medical field and in electronics, has a leg up on Gold, which is primarily used for hording or jewelry. The lower value of Silver also makes it easier for more people to use it as an investment opportunity. Though Bitcoin is extremely divisible and it is very easy to own a tiny fraction of it, such is a little more difficult with physical Gold.

As a long-term investment, I’ll pick Silver over Gold every time. Likewise, STEEM is the better long-term investment in my opinion.

I think it would be very difficult to purchase $10 USD worth of Bitcoin right now and have it eventually be worth $20. The same thing goes for Gold.

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However, Silver could easily double in value, and so could STEEM.

In fact, I think that we will see an incredible rise in the value of STEEM as steemit continues to develop and progress. I’ve never sold any STEEM yet, and I do not intend to any time in the near future.

Also, if I did want to sell any STEEM, I wouldn’t be doing it at the current prices, unless it was a survival situation and I had already ran out of wild edibles.

Thanks for everyone for following and commenting, these 10,000 posts have been a lot of fun, and time well invested!

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