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A comment on There are now more than 200k pending Bitcoin transactions. Parent comment

Re:There are now more than 200k pending Bitcoin transactions by betterunix2 on Tuesday December 19, 2017 @06:17PM (#15965387)
In fact gold does not compare favorably to US equity markets as far as saving your money goes. An investment in an S&P500 index fund in late 2007 (right before the crash) would be worth more today than an investment in gold. An investment in the Dow Jones index in 1900 would be worth about six times as much as an equivalent investment in gold (assuming you held for 117 years, and not counting dividends).

Granted, people in unstable countries may have difficulty investing in the US stock market.

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Re:There are now more than 200k pending Bitcoin transactions by dragonwriter on Tuesday December 19, 2017 @06:23PM (#15965452)
> Granted, people in unstable countries may have difficulty investing in the US stock market.

People in unstable countries may have trouble safeguarding gold stockpiles, as well.

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Re:There are now more than 200k pending Bitcoin transactions by kindfellow92 on Tuesday December 19, 2017 @07:35PM (#15965918)
> People in unstable countries may have trouble safeguarding gold stockpiles, as well.

Hence Bitcoin. cf. Zimbabwe

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Re:There are now more than 200k pending Bitcoin transactions by drtillberg on Tuesday December 19, 2017 @07:36PM (#15965924)
The fact that you can buy a similar amount of gold now for the same price as 2007 would indicate that it is currently at a better entry point. That this reasoning must be explained underlines a flaw in current investment sentiment. A 10-year horizon also is too short. A 100- or 500-year horizon is more typical for gold investment.
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Re:There are now more than 200k pending Bitcoin transactions by betterunix2 on Tuesday December 19, 2017 @08:41PM (#15966279)
Like I said, on a 100-year timeline, the Dow Jones index outperformed gold -- with and without the gold standard, through booms and busts, through the great depression, through the oil crisis, etc. Since 1900, an investment tracking the DJIA would have gained 6x the value of a gold investment.
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Re:There are now more than 200k pending Bitcoin transactions by kindfellow92 on Tuesday December 19, 2017 @07:38PM (#15965935)
One day this will be true for Bitcoin, once it reaches a stable value.
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