3 thoughts on “body jewelry wholesale nyc Can Bitcoin replace gold?”

  1. best place to buy wholesale gold jewelry Bitcoin will never replace the position of gold.
    This viewing is not to say that I oppose Bitcoin, or I am not optimistic about the development prospects of digital currencies. On the contrary, I personally optimistic about the development of digital currencies, but even how to develop digital currencies such as Bitcoin Always replace the position of the gold, the reason is as follows:
    It, the gold reserves are limited, there is no alternative, but the Bitcoin can be replaced at any time.
    The mining of about 170,000 tons of gold in the entire earth, 33259.2 tons of gold reserves around the world, the rest are used in the fields of jewelry, industry, and private investment. There will be fewer and fewer, so the gold will be more precious afterwards.
    is different in Bitcoin. Bitcoin is just a virtual currency. To put it bluntly, it is a computer program. It is artificially developing digital currencies similar to Bitcoin at any time, so Bitcoin is easily replaced.

    But looking at the history of human development, from the day when humans began to treat gold as a trading tool, the status of gold has never been weakened. Although various dynasties have experienced many dynasties, the currency has changed round after another, but there is no thing that can replace the golden position.

    If, gold is not only a currency attribute, but more importantly, he has wealth attributes
    because of the special nature of gold, it not only has the currency attribute, it can be used to measure the value of items. What's more important is that gold is a symbol of wealth. The symbol of this wealth can not be restricted by time and space, is not limited by political groups, nor is it restricted by the country and regions.
    So everyone has always purchased gold as a wealth reserve, especially when the US dollar weakens, gold is an important means of wealth preservation and appreciation.

    . Although Bitcoin can also be regarded as a kind of wealth, it may be used as a book wealth like stock Suitable as a speculative holding, not wealth holding.

    3. Bitcoin cannot become world currency, but gold can be circulated around the world
    The countries around the world regard gold as a reserve, because gold has the natural attributes of world currencies. Gold is the best way to reserve the risk of pit exchange rate.
    The proportion of the gold reserves of various countries accounted for the total reserve currency of the country:

    It, we can see that although the US dollar is also the world currency, the United States does have a very huge ones. The proportion of gold foreign exchange reserves, which in turn further enhanced the status of the US dollar.

    So in general, the status of gold is never replaced by Bitcoin.

  2. cheap wholesale snap jewelry It must not be. Because Bitcoin belongs to virtual commodities, and gold belongs to private goods. So Bitcoin cannot replace gold at all.

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