27 May '13, 6pm

Price of gold vs. price of bitcoins #bitcoin

Quote from: TheGovernedSelf on Today at 07:32:37 PM Gold is undervalued relative to stocks/bonds/etc, but bitcoin is tremendously undervalued, if only against gold. So...Yes. I tend to agree in the short term, however I see problems in the longer term. Gold exists. It is a basic element, can only cease to exist if the laws of physics cease, and is a known quantity. Both have scarcity working for them. Both are currently viewed as a safe haven. But gold doesn't have the extreme volatility of bitcoin. I see them working in tandem. But if the average man starts to see btc as a store of wealth ON PAR with gold, could make for some very interesting opportunities. And of course a two week trend of correlation is hardly more than speculation, so this could be meaningless. All in all, I think that cryptocurrency. Is a positive step away from the current clearly doomed to fail vers...

Full article: https://bitcointalk.org/index.php?topic=217740

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