I came across this article buy gold lover:
"No, Bitcoin Isn't Going to Replace Gold"
http://social.fool.com/blog/43682794799?frpp_id=ZBStLnkdFbEmailFeedTenStocks&frpp_id=ZBStLnkdFbEmailFeedTenStocks&aff=71511089&frfi_id=ZBStLnkdFbEmailFeedTenStocks
Some arguments in defense of gold are sick.
My response is very obvious - Bitcoin is better for digital age and there are some reasons why:
- We are living in digital age and bitcoin will be an important part of if it as well as other crypto assets.
- Instant exchange of BTC to fiat.You can exchange your BTC in fiat just in seconds.
- Spend Bitcoin where you want with prepaid Bitcoin card.
- New generation will definitely use Bitcoin and other cryptocurrencies just in their apps.
What are the main disadvantages of gold and other precious metals?
- You can't exchange physical gold or silver instantly. You need to have certificate of authenticity proving the quality of gold or silver.
- Physical gold is hard to store safely. You need additional fees per year to keep it safe.
- With gold you can build only jewelry and with Bitcoin you can build all kind of disruptive digital staff.
If you have some physical gold it is not so easy to exchange it because you must have certificate and if you don't, you are wasting your time.
Summa summarum: gold is going to stay as classical store of value but Bitcoin is much better asset designed for digital age.