But, as bitcoin scales like any other technology, there exists no reason for bitcoin to exist and operate as both a currency and a robust store of
value like gold.
Different coins are tackling different use cases: some coins are focused on storing
value like gold, some on private transactions, some on fast transactions, some on allocating resources like computation, etc..
Rather than pay for that privilege, many investors opt for traditional stores of potential
value like gold.
Rather than pay for that privilege, many investors opt for traditional stores of potential
value like gold.
What is interesting to see with this bitcoin hype is how uneducated writers still are when it comes to the question of what money actually is — especially the assumption that money, e.g. US Dollars, are tied to any real world
values like gold is one of these modern fairytales that is repeated often — I can not understand that even after the big corporate crimes (aka as «financial crisis») that US Citizens cost millions of dollars there is still such a lack of understanding of what money actually is.
These herbs,
valued like gold, were mentioned repeatedly in the Old Testament, in instructions to Moses about making incense and anointing oil, and in the Song of Solomon, where, among other references, are these:
Not exact matches
Meanwhile, others see digital currencies as an asset
like gold, which can hold its
value amid times of government instability.
In an investment letter on Friday, Healy wrote that he continues to
like the potential of some
gold stocks particularly because they have lagged behind the
value of the price of bullion.
Gold bugs
like Sprott have long warned about the impact of inflation, central bank policy measures and government spending on the
value of fiat national currencies.
Think of Bitcoin, they say, as digital
gold — a so - called «store of
value» that,
like the precious metal itself, doesn't need to have a lot of practical uses to be worth a lot of money.
If the country goes bankrupt, hard assets
like gold and farm land for food production would show their true
value.
While
gold has been a great investment and store of
value in the long run, it's not exempt from cycles
like any other asset class.
In prior comments, and in pieces
like Going for the
Gold and
Valuing Foreign Currencies, I've frequently noted the importance of real (after inflation) interest rate pressures in driving commodity and currency fluctuations.
And though spot commodity / equity ratios (
like the ratio of the spot
gold price to the XAU) are actually supportive of commodity stock prices in and of themselves, the historical tendency is for these ratios to lose some of their informative
value when commodity prices themselves have run to extremes and real interest rates begin to turn.
When real interest rates are low (or negative), investors turn away from paper assets with declining
value and turn toward assets with real
value,
like gold.
Things
like these which you hear in the news are important to know to judge whether or not
gold values will go up or down within a particular timeframe.
In this way, the
value of Bitcoin comes from both its
gold -
like characteristics as well as its payment system abilities.
This wouldn't be the first time US Dollar led woes have happened, and much
like the 1970's, Peter Schiff sees
gold as being a good place to store
value in a time of fiat currency led chaos.
Similar to buying
gold or stocks, some people
like to buy bitcoin as an investment in hopes that its
value will go up.
Listening to the hoopleheads debate the intrinsic
value of
Gold or lack thereof is
like watching professional soccer — there will only be one point made for every 27 hours or so worth of back - and - forth tedium.
Keevil admits some regrets,
like missing Golden Giant and a Kazakhstan
gold project now
valued at $ 2 billion.
Gold,
like everything else, has no
value whatsoever or all the
value in the world, it's simply a function of what the next 12 people in line will decide to buy and sell it for.
If there is an expectation of inflation, there would be a rush to store up on assets
like gold and silver, which are believed to be of strong
value and less submissive to inflationary pressure.
So perhaps the fair market
value of Bitcoin could be something
like $ 2,000 per Bitcoin in analogy with the
gold mining.
He thinks this Mexican
gold miner represents great value, and likes another with a «big zinc - silver - lead» depositIn this interview with SmallCapPower at PDAC 2017, Gold Stock Analyst Associ
gold miner represents great
value, and
likes another with a «big zinc - silver - lead» depositIn this interview with SmallCapPower at PDAC 2017,
Gold Stock Analyst Associ
Gold Stock Analyst Associa...
Jay Taylor talks about some of the junior
gold miners that he
likes and gives details why he believe they have
value.
I mean, solid money,
like gold and silver had a real metal
value, it was worth something in its own entity or being, whereas our money drafts and cheques and bank notes are literally not worth the paper they are drawn on.
Where does that leave the notion that there would be things
like countries and the «
value» of
gold or even worse; printed pieces of paper and the «right» to inherit all?
«If more of us
valued food and cheer and song above hoarded
gold, it would be a merrier world», J.R.R. Tolkien A vegetable layered pie is sort of
like a lasagne, crust-less quiche, casserole sort of dish.
Professor Alao who also said that Nigeria's recession crisis was due to negligence on the part of the leaders, said that it was because Nigeria got her independence on a platter of
gold without blood shed and do not
value the independence, thereby doing whatever they
like with impunity.
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If you'd
like to talk to me I have fb and inst (Fb: Dan Logan Leahy)(Inst: WulfricStark)- «If more of us
valued food and cheer and song above hoarded
gold, it would be a merrier world.»
War is bad, says Steamboy in every conceivable way that it can be said, treating the platitude
like a miser does his
gold bullion, polishing it to a blinding sheen without increasing its
value.
As a love interest, there has to be one for an epic
like this, there's Cameron Diaz, excellent as a Jenny, a hard - bitten pickpocket whose only use for a heart of
gold would be the cash
value.
Phillips replaces this hilarious shock
value with a much more traditional and quite frankly, boring, storyline that caters more to the
likes of one Mr. Chow (Ken Jeong) after he escapes prison and is being tracked down by some very mean gangsters indeed (led by none other than John Goodman) when he steals $ 21 million in
gold bricks.
Correct me if I'm wrong, but it doesn't seem
like gold has all that much intrinsic
value (I may be using the wrong term here).
Compare this to Bitcoin, which operates
like gold - not much industrial
value, but people buy it and sell it based on it's intrinsic
value to the holder.
Gold is good; I like it, and it preserves value better than anything else, but when you take actions to disproportionately get gold, you overpay for
Gold is good; I
like it, and it preserves
value better than anything else, but when you take actions to disproportionately get
gold, you overpay for
gold, you overpay for it.
- Bitcoin is
like Gold but better, Bitcoin is not built for everyday transactions just like gold, its not built for buying coffee either, its built to retain value which is why there is a finite amount (21 milli
Gold but better, Bitcoin is not built for everyday transactions just
like gold, its not built for buying coffee either, its built to retain value which is why there is a finite amount (21 milli
gold, its not built for buying coffee either, its built to retain
value which is why there is a finite amount (21 million).
But
like real estate, some say
gold's
value has risen way too fast.
Gold has held its
value when individual curencies have collapsed,
like in Weimer Germany in the 1920s or more recently in Zimbabwe.
Like gold, no one centrally controls production, supply is limited in part by the effort required to produce it, and you can hold on to it as a store of
value.
I don't think that silver and
gold values are shooting up
like a rocket due to some orgy of speculation.
Like anything else, the price /
value of
gold is driven by supply and demand.
Gold would be considered a currency, not a commodity, because its
value comes from its currency -
like functions, not its use as a raw material to produce something useful.
And the dollars in your pocket, at one point in time, used to be backed by something of
value -
like gold.
I love how doomsday preppers act
like Gold will have some
value in a post apocalyptic world.
Asset - based ETFs reflect the
value changes in commodities
like gold, crude oil, natural gas and agricultural commodities.
Low interest credit cards,
like the HSBC
Gold Mastercard ®, only have
value when you use them to mitigate interest or other interest charges.
The same sort of structural second - guessing is evident in the
gold market here — a good example of what forced liquidation looks
like, as my impression is that leveraged longs have been forced into a fire - sale in recent weeks, creating good
values for longer - term investors, but with continued near - term risks.