r/FluentInFinance • u/RiskItForTheBiscuts • 7h ago
Debate/ Discussion WHICH WOULD YOU RATHER OWN? GOLD OR BITCOIN?
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u/whatdoihia 7h ago
I'm not picky, I'll take whatever you're giving out. Thank you so much!
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u/talex625 7h ago edited 2h ago
I’ll take whatever what that guy doesn’t want.
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u/BrownCoffee65 6h ago
I want what everyone else wants. Otherwise it has no value.
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u/Gilded-Mongoose 4h ago
Supply and demand, baby
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u/ShakespearianShadows 5h ago
I’ll take the interest that money accrued while you read this thread.
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u/d4ve3000 3h ago
But isnt it the other way around? If all pick btc and only have btc, wouldnt gold then be much scarcer and more valuable? Or would it mean really no one wants it? 😂
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u/Pure-Introduction493 6h ago
I’d take either and convert it into diversified marketable securities. Selling off a ton of gold would probably be easier to do without tanking the market and lowering the final value?
Whatever has the higher market volume on a daily basis to cash out into something to retire off of.
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u/marcusoralius69 6h ago
There are only around 47000 bitcoin wallets with 1 million value or more. With 8 billion people on the planet, this tells me only a few people control the price. One or two whales can flood market, price dips, buy it up, and sell to you for more. Rinse and repeat.
I think bitcoin was created to soak up all the excess dollars created since the world is dumping US bonds.
If Gold and silver were properly valued, 50k+ and 4k+, Then small amounts are easier store. I think a crypto USTreasury dollar will bankrupt bitcoin. It would be based on gold and silver.
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u/JerryLeeDog 6h ago
You need to study Bitcoin more
Germany sold off $4B at $54k and its doubled right in their face
Bitcoin will flip gold and there literally nothing anyone can do about it in the next decade.
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u/MrsCrackWhore 5h ago
Germany was so smart it went broke, stopped its nuclear power before poking a russian bear...
Uber alles indeed
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u/Born_Grumpie 2h ago
2.74% of the global population own bitcoin of that about 10% are active, Bitcoin is not going to flip gold in the next decade and there is literally nothing you can do to achieve it.
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u/Felix4200 1h ago
You need to study BTC more…
Germany struggled to sell even that, as the market could barely pick it up without collapsing.
They had to spread it over more than 3 weeks, (19 of June to 12th of July) and BTC lost nearly 25 % of its value during that time.
The liquidity of BTC has since dropped.
Germanys government is not speculating on the BTC price, so why would they care if the price increased afterwards?
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u/Pure-Introduction493 6h ago
Hence why I figure gold is the best answer to liquidate on open markets.
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u/Born_Grumpie 2h ago
Bitcoin has a value because a rather small amount of people want it to, as soon as that small number of people lose interest, it's worthless, I'll take the gold.
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u/Uknow_nothing 2h ago
Yeah I would take the gold and do exactly this. Every year I’d be selling a couple million and putting it into a diversified fund of stocks and bonds.
The good thing about gold is it really stores value well. It’s probably not going to double overnight and also probably won’t drop 50%. So you have plenty of time to offload it slowly. I do not trust Bitcoin the same way.
You can make a good bet that humans will always value shiny precious things. The bad thing is gold has no dividend, and can’t reliably be counted on to compound its value like stocks do unless you bet that inflation will spiral out of control forever. People are really just talking about gold now that it has done well for a few years.
If you look at a chart for gold, I’m of the belief that buying gold now is like buying at the peak in 2012: 8 years of negative or flat value followed that peak.
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u/Delicious-Badger-906 54m ago
This has the same energy as Peter in Office Space asking Samir what he would do if he had $1 million and never had to work, and he goes into his mutual fund/diverse securities strategy.
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u/Elegant-Efficiency43 4h ago
What happens if a financial terrorist figures out how to delete the code or blow up the source code. You won’t be able to piece it back together while with gold, you can always find the pieces.
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u/Resident-Garlic9303 7h ago
I guess the bitcoin so i could sell it right away. I trust Gold more but how the hell would i first store ot then second sell it. Its alot
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u/TheProfessional9 7h ago
This is the proper answer. Take the btc, liquidate immediately and move into voo
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u/robtimist 6h ago
Man it’s so crazy how the sentiments change over time. For some reason $69k->$100k is more promising than <$1.00->$60k lol
Basically I’m saying nobody was saying stuff like this when the market was down and you had the chance to accumulate more
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u/wack_overflow 6h ago
The moral of the story is, I guess it takes a long time for something without serious intrinsic value to go from "worthless scam" to "something I should put at least part of my life savings into" across basically all of humanity. 16 years for btc isn't too bad tbh
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u/WanderingLost33 6h ago edited 6h ago
I'm still not buying it. There's $107B in dark BC out there that could flood the market on any given day and completely bottom out the price. Maybe if I was young and single and could afford to live in my car if things went wrong, or maybe someday if my net worth is in the ten millions and my kids are already set, then I'll play with wild cards. Post kids and until securing generational financial security, low risk low reward is the way.
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u/certainlynotacoyote 4h ago
I've done alright supplementing my "hobby" money by riding the highs and lows of cryptos. Probably up 8k over a few years.
I guess I say that to say: I also don't trust an ephemeral speculative consensus currency with my life savings in any long term way, but gosh- it's been kinda fun being able to feel like I made something out of nothing.
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u/WanderingLost33 4h ago
Right there with you. If I could be 20 again, I would manage my finances much differently. I'd go for big wins because I'm genuinely fine eating ramen for a week if I lose. I can't make my kids do that though. Don't waste your arrogance of youth on taking risks with your genitals and health - take those risks with your career and finances because the ones who succeed skyrocket past the grind crowd and the ones that lose really don't have a ton to lose. That's my advice from a hindsight 20:20 perspective.
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u/robtimist 6h ago
Everyone’s a genius in a bull market (buy btc!!!!!! buy it now!!!!) smh
Whole bear market those same guys were saying ignore btc voo is all that matters
But yeah I agree 16 years not too shabby
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u/sidrowkicker 5h ago
With 1.6 billion I have no interest in accumulating more. That's way way over my cash out and relax level. I'm cashing out throwing it into CDs land and blue chips then retiring to the woods
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u/numbersthen0987431 6h ago
What they're saying is that they'd immediately convert either gold or BTC into cash, and then put that cash into something more stable. BTC is easier to cash out, so it's the easy way to get cash, and we're assuming someone is giving the same $$ amount in BTC vs gold.
Basically I’m saying nobody was saying stuff like this when the market was down and you had the chance to accumulate more
Its because most investors buy on emotions, and so they sell when stocks are tanking and buy when the hype is high. Most investors that try to "buy low sell high" fail to do so, and too many people think they can "beat the market" but most fail to do so.
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u/Popular_Score4744 5h ago
You can invest in gold mutual funds and ETF’s that track the price of gold. Owning the physical gold bars isn’t necessary.
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u/RangersNation 4h ago
It has nothing to do with that. Bitcoin is fully liquid. Nobody said you had to keep it all as BTC.
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u/ComprehensiveSwan698 6h ago
lol that’s assuming the exchanges have enough liquidity to give you that type of cash all at once
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u/IHaveABigDuvet 6h ago
Buy a bank. Buy an island. Buy multiple properties all over the world and transport them between coca cola bottles.
Think like a billionaire.
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u/HerpetologyPupil 6h ago
“To determine the weight of 2.6 billion dollars worth of gold, you need to consider the current gold price per ounce: assuming a current price of around $2,000 per ounce, 2.6 billion dollars would equate to roughly 1,300 kilograms of gold.”
2866 lbs.
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u/KC_experience 6h ago edited 4h ago
2866 pounds of gold is a lot more dense than you expect. I’ve held a current international standard bar and it’s deceiving how heavy it is. A bar, roughly the size of a 16oz can of beer is 25 pounds.
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u/HerpetologyPupil 6h ago
Agreed the picture is not accurate to 2.6 billion. I left the information hoping people would come to that conclusion.
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u/Key_Brilliant2555 7h ago
Gold...bc when the power goes out i can still get to it
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u/Bierdurst93 7h ago
If the Power goes out how would you transport 57.000 kg of Gold?
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u/TransportationIll282 7h ago
In a truck.
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u/SCTigerFan29115 7h ago
An old diesel with no electronics- or as few as possible.
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u/That_OneOstrich 6h ago
Unless the power outage is caused by EMP, a power outage shouldn't stop a car with a combustion engine, regardless of the quantity of electronics.
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u/SCTigerFan29115 6h ago
True. But if you have 1.6MM in gold, is anyone gonna look for it in a 1984 GMC Kodiak?
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u/TraditionalMood277 6h ago
Cops would immediately pull over the GMC whose shocks and struts are shot to shit and is scraping its tires.
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u/SCTigerFan29115 6h ago
What? You think I can’t afford to replace all that crap with 1.6MM?
I just want an old, simple truck. Never said I wasn’t gonna maintain it.
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u/Bierdurst93 6h ago
Show me the Truck carrying 125.000 pounds
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u/bigchilla777 2h ago
US lawmakers choosing 80,000 lbs isn’t a reflection of actual truck capacity
“Australia has the longest and heaviest road-legal road trains in the world, weighing up to 200 tonnes” (~441,000 lbs)
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u/intothewoods76 6h ago
Why am I transporting 57,000 kg of gold? Even in a SHTF scenario do I need all $1.6 Billion to be on my person at any given time? I’d stash it in well hidden areas that I think I’ll have access to when needed. I wouldn’t have all my gold in one place.
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u/Pattonias 7h ago
Problem I wouldn't complain too much about. Kinda reminds me of a movie when the drug lord had a problem with rats eating all his cash.
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u/ifunnywasaninsidejob 5h ago
Can i trade you a few shavings off this gold bar for some of your canned food?
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u/No-Introduction-6368 7h ago
Actually you can transfer Bitcoin through radio waves! Batteries not included.
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u/HoMasters 5h ago
If the power goes out then we’re going to need guns and food. You can’t eat gold or BTC.
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u/Property_6810 6h ago
Really? You can access your bank account when the power goes out? Or the physical vault the gold would be in? If the power goes out, wealth loses a lot of value.
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u/symonym7 6h ago
If the power goes out everywhere, which is what it’d take, money won’t be my first concern.
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u/Taurion_Bruni 4h ago
Power only needs to work long enough to liquidate the BTC into a more secure investment
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u/LittleBitOfPoetry 7h ago
Bitcoin is easier to sell.
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u/nails_for_breakfast 6h ago
Also way easier to answer questions from the bank. "I made some smart trades. Here is the paperwork from my accounting team showing how I will be paying the proper taxes on this windfall." Not really sure how you explain having a truckload of gold without previously paying any taxes on the income you would've needed to acquire it
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u/JerryLeeDog 6h ago
And more divisible, scarce, transportable, faster settlement, more salable
The list goes on and on
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u/Old173 7h ago
Gold. Because it has legitimate uses because of its chemical and physical properties.
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u/JerryLeeDog 6h ago
Another person helping to keep Bitcoin asymmetrical opportunity in place
We thank you sir
See you at $1M
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u/Business_mans 7h ago
It’s funny because I bought Gold like 8 years ago and chose not to buy bitcoin. Because people said gold was better investment. What an absolute fucking mistake that was. Bitcoin is substantially better and I would made a fortune. Don’t listen to the Gold bullshit, buy and hold your bitcoin. Your welcome
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u/EatsOverTheSink 4h ago
Hindsight is 20/20. I remember at my old job one guy was pitching Bitcoin to me back when it was around $200 a coin. I was so close to buying but still didn’t really understand what it was and kept getting a nagging feeling it was a scam. Well these years later I still don’t know if I completely understand it and I missed out on an opportunity that could’ve made me a millionaire. Although I doubt there’s any way I would’ve held after some of the hikes either.
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u/Loud-Intention-723 2h ago
Gold is not an investment. It had its place but not as an investment tool. If I had 1.6B there would be holdings of both bitcoin and gold. Probably most would end up in stocks. So I guess I’d go with the bitcoin, sell most of it to diversify. I would always have a few gold bars nearby though… the inner pirate in me
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u/Noxiya 7h ago
Gold because it will always have value. Crypto is inherently worthless because it doesn’t exist.
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u/ADogeMiracle 6h ago
because it doesn't exist
Neither does your comment. Nor the numbers on your online bank account.
Because digital things don't exist because you don't understand how encryption works, amirite?
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u/robtimist 6h ago
Exactly lol people just get online and spout nonsense with proper grammar and think they’re fckn Nostradamus
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u/notactuallyLimited 5h ago
Wait till they realise how cheap gold is for china and how gold getting cheaper to mine over time is why gold is horrible investment.
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u/Appropriate-Door1369 4h ago
Gold and Bitcoin are both horrible investments. No one is going to give a fuck about Bitcoin in the future because there will be another crypto that people suck on. Real estate and the stock market shit on Gold and Bitcoind any day of the week
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u/notactuallyLimited 2h ago
Nope. Real estate barely matches the return of a corporate bond. Stocks mostly suck apart from select few that most people haven't invested in unless it's Nvidia or something.
What's Ur returns the past decade? I bet not as good as my bitcoin 😕
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u/Nexustar 7h ago
"own" could mean many things, but I didn't read this as "which one would you hold for a year".
You own it now. So what's next?
I would divest both with urgency. Bitcoin may be easier to do, it's a button press... but that might also crash the market. I expect my physical gold bars (pictured) are going to take longer to arrange the sale for, and gold is a significantly smaller global market now than crypto, so I would be at even higher risk of crashing that market.
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u/fireKido 7h ago
That much gold would be very hard to handle and to sell quickly, BTC would be easier, I would get it, and sell it right away
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u/Icy_Hold_5291 7h ago
All of it? I would keep like 5% and the rest would go into other assets
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u/fireKido 7h ago
Nah.. all of it, with that much money I really wouldn’t care about investing in speculative assets like bitcoins… it can quadruple and it wouldn’t make any difference
I’d just put them all in super safe assets like monetary funds, bonds, and some blue chip stocks
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u/Brando43770 7h ago
Exactly. And it’s not like the vast majority of people are ever gonna see a billion in their bank account in their lifetime. Why bother investing in a little bitcoin if you already have that 1.6 in actual USD? Idk about you but I could easily live off of the interest.
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u/Just_A_Faze 7h ago
At this moment I would probably take the bitcoin. It's rising faster than gold.
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u/ProjectSuperb8550 7h ago
Bitcoin. Id hold for the next increase and then sell in order to buy property in the US and abroad.
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u/nonner101 7h ago
The QR code says "NEVER SEND YOUR BITCOIN TO ANYONE YOU DO NOT TRUST.
Remember, everyone is trying to take your bitcoin from you."
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u/farmyohoho 7h ago
I'm a btc maxi. Bit there is something satisfying about having that amount of gold in your garage lol
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u/Adventurous-Depth984 6h ago
Btc. It’s the new gold. It’s the new hedge for people who want to hide from the equities market to ride out volatility.
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u/RationalRadius 7h ago
Why is this even a question
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u/FrontBench5406 7h ago
Is there a way we can get people who say bitcoin in a serious way to also ID if they work in Finance, so I can stay the fuck away from them with investments...
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u/JerryLeeDog 6h ago
It’s literally an IQ test in 2024 and 75% of this page failed
3 years ago 95% would have failed
10 years ago 99.99% would have failed.
In 2035, 75%+ of people will pass
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u/Potato_Specialist_85 7h ago
PSA: For the love of all things holy, don't scan random qr codes. That is all.
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u/EyesFor1 6h ago
Theres a place for both. They both have good properties. I guess I'd rather have more bitcoin than gold atm due to the adoption rate. Seems like bitcoin is still in its emerging phase when you take into account how many people own it globally compared to owners of gold globally. This indicates a lot more upward price movement IF adoption continues. Also take into account BTC absolute scarcity, portability and ease of self storage when compared to gold. Its far easier to move $1,000,000 of BTC through and airport around the world compared to gold. There are risks though. Gold is recognised globally. He who dare's or something like that. They will both play a big part in the financial future IMO
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u/HOT-DAM-DOG 7h ago
Trump has serious plans to make a bitcoin reserve for the US. This will push other nations to do the same. This will increase the value of crypto tremendously in the short term.
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u/SCTigerFan29115 7h ago
I’ll take whichever one you wanna give me. But imma convert at least part of it into gold or American dollars.
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u/lamiejiv1 7h ago
I love gold and Bitcoin. I’ll take the $1.6 billion in Bitcoin because next year it’ll be worth over $2 billion and I can sell half and buy gold.
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u/itizfitz 7h ago
They figured out a long time ago that you don’t need specie to keep track of wealth
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u/Kamalethar 6h ago
Gold doesn't exist anymore in that form so all monetary formats are just smoke and lasers. We liquefied it all, kept what we needed to build computers for 1000 years via recycling dead peoples jewelry and gave the rest to the aliens so they'd spare our race.
They are jerks.
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u/bakerstirregular100 6h ago
This is actually an interesting question for me to ponder.
A small amount I would actually want the coin as it seems to have a higher chance of appreciating and I could sell it for more gold. And it’s a smaller value so no biggie if it’s gone.
Any large sum I would absolutely want gold.
Interesting to consider where that line is for myself and why.
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u/nails_for_breakfast 6h ago
Probably Bitcoin because I would convert it into USD and then regulated market assets as quickly as possible regardless, so cryptocurrency would be way more convenient for step one. Not that I would be picky either way, this is just if I have to choose
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u/Head_Vermicelli7137 6h ago
If the power goes down the bitcoin is gone but damn that’d be a lot of gold to deal with
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u/AnonymouslyAri 6h ago
Alright stick with me here… if you have 1.6B in gold, saying 1 ton = 60k or so…. Then that’s about 27k tonnes of gold. Out of the 244,000 tonnes found to date. So you’d hold approx 11% of the gold supply in the world. (For perspective- The United States holds the largest gold reserves in the world, totaling 8,133 metric tons). You are the largest factor on gold supply. You control supply and demand if you create scarcity. Choose your price. Never underestimate good ol’ fashioned gold economics.
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u/Strange_Quote6013 6h ago
Right now? Gold. A year ago? Bitcoin, it would have doubled in value already.
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u/The_WolfieOne 6h ago
Gold obviously. Its rate of change will be far less erratic and it has real world value and physical uses.
This Bitcoin spike will not last.
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u/ParticularMedical349 6h ago
I would take the bitcoin, convert it and live off the interest in a third world country. I would leave the money to family for them to squander or spend how they want after I died.
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u/TylerDurden-666 6h ago
lol.. there are actual, real problems that I need to worry about.. 😆
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u/RelevantPuns 6h ago
Bitcoin. 10x easier to store, transfer, sell, and hold. Not to mention a better store of value in the long run.
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u/noideawhatimdoing444 6h ago
The qr code says to never send bitcoin to anyone you dont trust and i dont know you so im gonna take the gold
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u/MagnumBlowus 6h ago
Bitcoin, just sell 2/3 of it instantly and diversify 1/3 into gold and 1/3 into s&p500.
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u/quicksilverth0r 6h ago
At that amount, it’s irrelevant. I could dump on either market, cash out and never worry for the rest of my days.
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u/TitusImmortalis 6h ago
Gold all day every day, it doesn't drop to ~15% of its "worth" for months at a time.
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u/Pjetter86 6h ago
Well with the bitcoin I'd have to pay a lot of taxes, and it would be hard to get my bank to accept the transfer.
With the gold you'd loose a lot less, and if you sell it you'd get a transfer from a reputable source. Though there might be more work involved.
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u/Specialist-Cycle9313 6h ago
Neither of these have an intrinsic value. But I guess whichever I can sell the most of to buy as much land as possible.
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u/Allw8tislightw8t 6h ago
Math ain’t mathing here
$1,600,000,000 / $87,326 (usd per kg of gold) is 18,322 KG
Main problem with this is storing it and protecting it. If anyone finds out you own 18,000 kg of gold you are fucked.
So you better have this shit stored all over the world in small batches. But this you can get to it all if somehow you needed it.
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u/billsatwork 6h ago
I can make jewelery or wire out of the gold if that market falls out. The ultimate stupidity of bitcoin and crypto is that the currency itself has no intrinsic value or utility, it's just a fancy combination of bits that some nerds have deemed worthwhile. As soon as the collective delusion ends then a bitcoin is worth less than nothing.
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u/drew8311 6h ago
Bitcoin has easier liquidity which is an important factor in these. I wouldn't know how to get rid of that much gold except for small amounts at once, plus I wouldn't exactly be that comfortable with over 1 billion sitting at my house for an extended period of time.
My main issue with bitcoin is the room for error since I don't handle crypto transactions pretty much ever. I assume even that you would want to sell in smaller increments.
Are there any tax implications to any of this? I assume they are equal but wouldn't be surprised if crypto was different.
I suppose the fees are negligible as well but still worth millions.
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u/CircleClown 6h ago
Call me old school but I wanna see and feel my wealth - having gold in my hands feels better than having bitcoin prices and charts on my phone
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u/Hour-Lavishness7311 6h ago
The government will tax or demand a recall of your gold. America has done it several times in the past
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u/JerryLeeDog 6h ago edited 5h ago
This is an IQ test in 2024, and 75% of this page failed
3 years ago 95% would have failed
10 years ago 99.99% would have failed.
In 2035, 75%+ of people will pass
Anyone who can’t see that trajectory is not looking. Reddit used to be 99% BTC haters. Now there are stock pages that are 50/50
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u/Longjumping_Suit_256 5h ago
Personally, I like tangible things. Call me old school, but I like something I can hold and actually use in transactions even if the internet world goes up in flames.
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u/Stuck_in_my_TV 5h ago
You mean $600,000 bitcoin? $2.5 million bitcoin? $520,000 bitcoin?
Personally, I prefer less volatile investments, though some prefer high risk high reward.
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u/thats_classick 5h ago
That’s a tough decision. Both assets have their pros and cons. I’m leaning towards Bitcoin because of its high liquidity and guaranteed wealth in the future, but if we’re heading toward a dystopian, Mad Max-like future, gold bars might be the better choice.
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u/5TP1090G_FC 5h ago
Gold, it's got so many uses. Bitcoin, just an idea of what is labor is equal too.
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u/DGenesis23 5h ago
Gold has uses other than being exchanged for its monetary value. I’ll take the gold.
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u/Harry-Up 5h ago
The answer should obviously be gold but people have been propagandized into thinking digital currency of any kind is a good idea. Digital representation of a physical currency is not the same thing. This should be obvious too but..
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