Don’t Believe the Hype: Cryptocurrencies No Substitute for Gold

gold.org  ( Original )
JAN 26, 2018

ORIGINAL SOURCE: Cryptocurrencies are no substitute for gold by gold.org on 1/25/18

You know how it was in 2017. Crypto was going to replace gold, run a three-minute mile, colonize Mars, and singlehandedly usher in a never-ending era of world peace. It’s time for a reality check.

Versus cryptocurrencies (of which there are already at least 1,400 to choose from), gold:

  • Is less volatile
  • Has a more liquid market
  • Trades in an established regulatory framework
  • Has a well-understood role in an investment portfolio
  • Has little overlap with cryptocurrencies on many sources of demand and supply

And it’s almost impossible to overstate the relative stability of gold vs. crypto volatility. Witness this 3-year Bitcoin volatility chart:

Please see the rest here: Cryptocurrencies are no substitute for gold at World Gold Council