CAN THEY JUST GET ALONG ?

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You recalled this story somewhere in Africa, the people found a mountain covered with gold. In the video, people were taking everything they can to bring home so they can sort out the gold. Hard to verify this story cause everything on the internet appears to be true. You decide for yourself. Gold is something humanity knows its value from ancient times till now. I am not going to debate where gold stand today cause if they offer you an ingot of gold, you will take it. I will take it too cause it got a lot of value. All over the internet you will find debate and you could get confused as to why so much of a debate for both asset class. Clearly time is changing and we are in the middle of it.

This is the reason many take this opportunity to compare Bitcoin as digital gold or gold 2.0.
This assumption has its merit knowing how hard it is to do business with gold. I ask this question on the internet "where can I buy gold right now?" To some point it is not easy to go just by gold, unless you want to buy a gold necklace or something for decoration.
Buying gold as an asset class is something many of us may never have to face unless you want to go that route.

One ounce of gold on the market may differ from the price at a dealer. Let's say it is now at $1735/oz. You can take possession of it. And then that's it. I will be worried to do that cause I think I need a safe to put it in. Since gold is tangible you need to know how to hold it and make sure it keeps it value. Having your assets in gold require a lot more service from a dealer keeper to help and maintain the safety of your wealth. Maybe a few of us ever get to a mine and see how gold get to become what it is in your hand.

Seeing all that encompass to get gold where it is today, is a bottleneck why most of us right now could find it difficult to have an ounce of gold as asset. If you want to go that way, more power to you. All I can say it is not that easy as bitcoin to buy and sell gold on the market. No need to jump on the bandwagon of scarcity for gold. You will not easily walk and find gold on the street.
You need to dig down beneath the earth to get it. It is impossible to put a number of remaining gold deposit. I watched a show about gold in Alaska. They are finding more and more gold in rivers and other places. It is hard to mine it and it takes a lot of resources. Venezuela is one example of having a lot of gold. Africa is another example and a while back California was on the list. The Caribbean is a hotbed for gold if you remember history. So gold is limited but not so limited due to new discovery.

There was a story of fake count of gold bar for a bank to get loans. That is crazy when you have human centralizing this asset. No need to make an assumption about gold being a decentralized asset. This one is a clear statement why gold mostly sit in a vault in a bank all over the world. Moving gold is no easy task. Owning gold is a team effort. IF you want to move gold from one country to another, just think for a second what will entail. You need a lot of money to do so cause paperwork, security and transportation will be more than fees you and I can think of.

Looking into gold and bitcoin, they both will serve their objective. This Sunday with just a click you can purchase one bitcoin and resell it before Monday. One time you could do that with gold but not today. Bitcoin will surpass gold for many reason but it is not gold fault. It is just the era we are living we want things really fast. Only bitcoin and surely crypto will deliver. The next time someone try to say gold is better than bitcoin or vice versa, it is more a history class and they surely can get along.

Comparing the marketcap of both, it is a lot easier for bitcoin to reach a higher valuation within couple years. The old generation who believe in controlling everything through centralization will continue to support gold. The new generation with bitcoin building wealth through digital gold will flip the switch and put crypto where it belongs. Bitcoin and gold will co-exist to fill the blank where they need to be. If you can find ways to hold your asset in gold more power to you. I know bitcoin can do the same thing and way better
cause it is borderless, divisible , portable, scare,
and so far no one can send you a fake bitcoin.

I do not expect bitcoin to dethrone gold where
it stands for thousand years. Gold is still shiny and attractive. Bitcoin will give it some head spin since crypto can do more now than gold as an asset class. They both will serve the intended goal where investors for both will reap the rewards.
It could be hard to get an ounce of gold on Sunday but you can do it with bitcoin. In order not to fall in this debate, find your strong hold and stay informed.
Long term, short term, invest what you can afford to lose. At the end of the day you want to earn right? Find the one that can take care of you and your family.