Posted November 08, 2018 12:02:30As I write this article, bitcoin has been hovering around $3,000, but is it worth it?
That’s a big question for investors who want to buy in large quantities and expect to get rich.
Gold is a gold-like asset and it has value for its intrinsic value, which is worth the price of gold.
Bitcoin is a digital currency that is backed by nothing, meaning there is no central bank, central bank-like authority, or central bank monopoly.
It’s the same way with gold, which has value only because it’s a metal.
The price of a physical gold coin is determined by the value of its metal, which in turn is determined in part by supply and demand.
When you buy gold for $1,200 a pound or $10,000 a metric ton, you can expect the value to be about $8,000.
This is because the price can be influenced by supply, demand, and the physical environment.
Gold is a precious metal that has been used in ancient cultures for thousands of years.
Ancient Greek and Roman art and literature refer to gold as “the god’s metal.”
Gold was the cornerstone of the Roman Empire and the most popular metal of the time.
In the modern era, gold is a rare and precious metal.
It was used in jewelry, currency, and in ancient artifacts.
The U.S. Mint’s current inventory of 1,200 ounces of gold is one-third of the total gold produced worldwide.
That’s more than 1,300 metric tons.
To get a feel for how precious gold is, consider that in 2014, the U.K. government minted 6.5 million pounds of gold for the annual National Gold and Silver Awards ceremony.
This represents more than the total amount of gold produced in the entire U.N. budget.