Gold vs bitcoin ...
- Thread starter S2007S
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Gold is only at an ATH in absolute terms. Inflation-adjusted, it's never surpassed the peak in 1980. 
And it's still below the highs of 2011 and 2020.
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
Pull up a 10-year chart of BTC-vs-Gold, and there's simply no comparison.
However, Gold is still far superior... but only as shiny jewellery.
And it's still below the highs of 2011 and 2020.https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
Pull up a 10-year chart of BTC-vs-Gold, and there's simply no comparison.
However, Gold is still far superior... but only as shiny jewellery.
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Just implying that there are some people who love gold and hate bitxoin and others who love bitcoin and Hate gold. Yes you can love and cherish both as well.....
There is such a thing as a “black swan”, but there are also “white swans”. Example of a “white swan”: Successful oil company Amplify Energy Corp. (AMPY) with a P/E ratio of -0.65 from Houston. On Friday, March 8, amid rumors of a major oil spill off the coast of Huntington Beach in California, the company's capitalization fell to $200 million. Net income in the last 2023 was $374 million. To catch up with the average for the oil industry, shares must increase 10 times. For example, SandRidge Energy, Inc. the P/E ratio is 8.32. ExxonMobil P/E 12.2Remember the story of a closed diner, whose shares rose a hundred times... But this is not an empty asset, this is a successful company, undervalued by Exxon Mobil by 19 times. There are only one hundred million dollars worth of shares in free float. Rumors about any damage caused by the company to the flora and fauna of the coast were not confirmed. The value of a company could be increased 15 times by 1500% and the company would still be undervalued relative to many companies in the sector! You don't need to try to buy sky-high Bitcoin in hopes of making another 10% if there is someone else willing to buy this empty asset. We all need to buy shares of a good company with a PE multiple of 0.65 and last year's earnings of $374 million.
Hi,
Thanks for sharing.
In my opinion, gold has been a traditional asset for centuries, and there's a well-established market for buying, selling, and trading gold. Bitcoin, on the other hand, operates on cryptocurrency exchanges, which have grown significantly in recent years but may not have the same level of liquidity and accessibility as traditional gold markets.
Thanks for sharing.
In my opinion, gold has been a traditional asset for centuries, and there's a well-established market for buying, selling, and trading gold. Bitcoin, on the other hand, operates on cryptocurrency exchanges, which have grown significantly in recent years but may not have the same level of liquidity and accessibility as traditional gold markets.
Gold does have a little bit longer track record than Bitcoin as a SoV.
If I had to choose between Gold and Bitcoin in the following hypothetical scenario, I'd choose Gold even though Bitcoin would probably end up being worth a lot more.
A $1m inheritance is placed in trust, in my name, but I can't get my hands on it for 10 years. I have to elect, from the outset, whether it's held in Gold or Bitcoin.
If I had to choose between Gold and Bitcoin in the following hypothetical scenario, I'd choose Gold even though Bitcoin would probably end up being worth a lot more.
A $1m inheritance is placed in trust, in my name, but I can't get my hands on it for 10 years. I have to elect, from the outset, whether it's held in Gold or Bitcoin.
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Baron
ET Founder
Of course Peter Schiff is a gold bull. He's got a Gold brokerage for God's sake.
But always remember...
Everything Peter Schiff has said about Bitcoin over the years has been proven to be dead WRONG, so if you want to make a lot of money, do the exact OPPOSITE of what he says.
lol