Bitcoin or gold ?

Hi Finance people,

One is mined with hard work mostly deep under the ground, the other with a lot of energy by high power computers. I talk about gold and bitcoin. Both can be called currency or means of payment but you do not carry them around in your pocket wallet. Gold can be used for payment in some situations but not as much as bitcoin.

When you are fleeing a country through a desert you better have gold with you or make sure your cellphone is charged to reach to your bitcoin.

But seriously, which one to hold

Gold and Bitcoin should maintain there value as the amount is known and limited and cannot be influenced by the bankers and governments.
In the long term this sounds good but both have proven to fluctuate in value very much in the short term. Gold has a track record of two, three millenia whereas Bitcoin is relatively new. Gold is considered "hot sauce" on your investments meaning you should not hold more than 10% and the hot means you can burn your mouth easily.

The answer ;)

Ofcourse you must hold gold. There is nothing more beautifull than a 24 Karat gold coin. The weight in your hand feels so strange. It's each time heavier than your mind expects!

Take this 2 ounce gold Tiger coin. It is of the Lunar serie II of the perth Mint and belongs to my wife.

Or this one ounce ELK call of the wild coin I have. Minted by the RCM Royal Canadian Mint.

And last but not least for today

The gold turtle minted by New Zealand Mint under flag of Niue (earlier Fiji)

Enjoy Goldrooster

Posted Using LeoFinance