Bitcoin vs Gold and Silver | The REAL Rundown

Bitcoin vs gold and silver debate
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[@alexbarber3310]

Pretty sure the original J.P Morgan said: “Gold is money, everything else is credit.”

[@ZeteticPlato]

I guess you're supposed to find the silver lining

[@Spirit-FilledMindset]

You are touching on the worst possible argument that no one disagrees with. Decentrilization. That's the only strength bitcoin really has. There is so much more risk owning bitcoin even on cold storage than having physical silver or gold. Volatility (can't be used as currency effectively with that kind of volatility), power outages (good luck converting your money to any other currency if you have a power outage), government freeze, and future hackibility.

[@genbtc]

volatility is expected in new emerging money and decreases as market cap increases if power goes out your bitcoin still remains on ledger. power can be sourced from many avenues "government freeze" can you elaborate? if properly self-custodied, your bitcoin cannot be seized "future hackibility" can you elaborate? please look into how consensus is made, how many full nodes there are enforcing the rules, etc

[@cocotico9997]

@@genbtc you killed him lol

[@valientthore6722]

@@genbtc you see what the Canadian government doing? They are proving there is no such thing as a decentralized coin, you paid for it with fiat from a bank in a system that believes it owns all fiat and that system isn’t going to let anything compete with their fiat, you should know this from what they do to precious metals.

[@genbtc]

@@valientthore6722 can't seize a bitcoin account. can always go peer to peer

[@valientthore6722]

@@genbtc when a government declares invoking emergency rules (martial law) they can do what they want.

[@georgegomez3983]

PHYSICAL SILVER..PLATINUM... AND GOLD...OH MY...!!!!!!

[@frothybeaver4869]

I believe the saying is gold is money everything else is credit.

[@HieuChiLe]

I would rather have real gold and silver.

[@DPH1M1M]

I believe it depends on what you are trying to do with it. I have gold coins, silver bars and a few cryptos as well as a medium size stock portfolio, own a small buisness and real estate. There are reasons you would want all of these things. Notice i did not mention a large savings account as tend to keep myself cash poor and would rather turn cash into an asset. Metals for long term storage of true wealth. Cryptos and stocks to trade all day and build more wealth, small buisness for tax breaks and other cash flow as well as real estate for turning dollars into a tangable asstet that grows over time. Having a place paid for or paying for itself. If i need dollars i can either sell asstes (unlikely) or go to a bank and get more dollars to grow over time. Money for real estate is easy and has been cheap. Thanks for the interesting discussion. Metals all day, if you dont know how much your wealth weighs what are you doing?

[@michaelxwhite]

In Venezuela they are bartering with silver.

[@azwelke2638]

Silver is "second to none"

[@soaceba]

Glad you're back posting new stuff 😎🤙🏼

[@helencooper6818]

Investing in Crypto should be on every wise individuals list, in some months time you'll be ecstatic with the decision you made today.

[@ryder7634]

Most intelligent words I've heard

[@Charles-Laurent]

Crypto is the new gold

[@ryancolton8215]

I wanted to trade crypto but got discouraged by by the fluctuations in pride

[@chrisgarrick6243]

That won't bother you if you trade with a professional like Mr Joshua Mayo

[@MeyerAnneliese]

I heard that he strategies really good

[@michealhibert235]

I believe < that the inflation is already priced in crypto market since the end of last year. These manipulative rats are always 2 steps ahead of everybody because they are market makers. I hope I’m wrong and they won’t keep dumping it on retail investors as always. Those who hold the longest will profit the most, I trade and hold profits keep up the great work! and also Randy Douglas has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 20 BTC lately......

[@michealhibert235]

[@donnafischer1011]

I believe this is the right time for every one to invest with Randy daily signals now that BTC is on the high side

[@cliffakoko390]

I was able to grow my portfolio too… from 0.6btc to 4.3btc within 4 weeks

[@brianmoeller3541]

without any doubt... Randy daily signals has indeed been life saving during this the lockdown.

[@joycelawrence9450]

Randy is reliable and responsible to trade with , i was able to grow up my BTC from 0.59 BTC to 4.2btc in four weeks 🙌🙌

[@azwelke2638]

Crypto's and bitcoin might be secure right now, but all it takes is another super computer, new technology to break into that technology and poof it's gone.

[@boonmsgt]

There's gold and silver in them der computers😂

[@MarsAttacksMemoirs108]

Sounds like a balanced approach from my limited previous understanding. Thank you 🙏

[@RobSoltan]

You're very welcome, thank you for the support Mila!

[@gasdorficmuncher9943]

bitcoin is for the weathy to trade each other ...seriously doubt the general public would trade bitcoin but they know gold and silver

[@marcthesilvershark]

You can most definitely have a crypto backed by precious metals or stones! And your BitCon is fractional instead of more and more they break down smaller SATOSH! And digital fiat is worthless as paper fiat neither is backed by crap!!!

[@Rdo_ss]

Dont tip that big silver bar over and break your cold storage device

[@RobSoltan]

I would still have my seed phrase regardless of the device but I’ll be honest that was pretty funny 🤣

[@zerrodefex]

@@RobSoltan and hopefully that see phrase is stored securely on a fireproof metal plate. I like the Safepal seed plates myself.

[@azwelke2638]

If bitcoin goes to zero, it becomes worthless, Gold and silver can never become worthless, because they have other uses. Even if all money went away, they would not be worthless. They can be used for jewelry and technology, they have many many jobs.

[@BTyler808]

I invested in Gold heavily in 2017. My friend said to check out crypto and BTC. Had I done that with Bitcoin instead, my portfolio would be wayyy bigger even during this BTC crash. It's not even close. That friend I mentioned retired early and bought property. And here I am playing catch up. Hold both Gold and Bitcoin. Lesson learned.

[@tiedtight6895]

What happens if the computer system goes down?????....We can't hold bit coin.... however I still have Bitcoin.

[@CyrusOfNaias]

I don't want Bitcoin as much as I want Theta, but as far as the whole concept is concerned, you have convinced me that it's not a competition as much as it is a dual-play of asset classes

[@morteza1024]

I think bitcoin will replace cash. (lightning network) Because extracting gold will become easier over time as technology improves and energy becomes cheaper all metals will go down measured in bitcoin. Even if we extract all gold in the solar system, recycling it will become cheaper over time. But I'm talking about centuries.

[@SergiuM42]

Gold is actually getting harder and harder to find. Mining companies are having an increasingly difficult time actually finding new mines. Gold is very very finite. As it's scarcity goes up, so will it's price.

[@migooknamja]

In Korea, the highest note is 50,000 won ($42 USD) and almost everyone uses card-only. They really do not want you to have cash. Also, the KOMSCO mint may be short on gold as they only minted 300 gold tigers this year. The entire Korea financial system is dependent on lofty real estate loans and or down payments

[@lamarravery4094]

I was wondering why I haven't seen Korean gold Tigers for sale this yr. I'm collecting those and I don't even have 2021 Korean tigers.

[@migooknamja]

@@lamarravery4094 They were on sale on apmex a week ago and sold out immediately. There wasn't even a notification.

[@johnbethea4505]

Anyone who trust the government could be a fool???? Once a casino had $1,000,000 in $10,000 bills on display......

[@objvst]

Digital Bitcoin is purchased with Digital Dollars (Fiat Currency) so there is no protection from the fiat currency collapsing and in turn collapsing the digital bitcoin. Please comment? End the debate you speak of?

[@Moon-magic109]

MARCH (2022) JULY (2022) Bitcoin 42k Bitcoin 19k Gold 1,933 Gold 1,812 Silver 23.55 Silver 19.90 Palladium 2,177 Palladium 1,980

[@TXLionHeart]

So, the problem with gold-backed crypto is that the gold backing the token may not actually be redeemable; therefore, get Bitcoin because there is nothing to back it in the first place? Doesn't real money have value because it is a means of storing future economic utility? (E.g. silver is valuable because everyone knows that someone will need it to make certain goods)

[@RedShiftedDollar]

Actually there is an important distinction about the three forms of money on your table. You possess the gold and silver directly. However your cold storage wallet holds keys used to authorize transactions. You do not actually have custody of bitcoin tokens in that wallet on the table. The nodes are the custodians of your bitcoin because they control the ledger. Holding keys isn’t horrible and it’s better than traditional banking, but it is not custody on the same level as the gold and silver you have.

[@RedShiftedDollar]

Think about it. If your cold wallet actually stored your Bitcoin, you would have to also use the wallet to receive transactions. Otherwise how could a change in you holdings be reflected in a file on the wallet?

[@SergiuM42]

@@RedShiftedDollar Good point, one that i've never thought of. It's definitely on a different level than gold/silver.

[@RedShiftedDollar]

@@SergiuM42 It’s an important distinction because it means the bitcoin network has both physical possession of your tokens and they have a monopoly on your ability to transfer them. The fact that you do not need to open your wallet to receive tokens is a major red flag in terms of who has custody. True digital custody requires the public ledger to decrement your balance while simultaneously incrementing your local ledger balance.

[@heathermeadows85]

Why would they care about how big our bills go if they can just print more?

[@betod3113]

I like the 4 assets 🥈🥇 Bitcoin and platinum and jewelry also silver gold white gold rose etc anything else not really..

[@soulpatchjackson3076]

Yes. I can.

[@jmcg2518]

So you get to be the custodian of your wealth pertaining to Bitcoin, huh? But .....then......why did those truckers up in Canada have their accounts ceased by the government/bank institutions? Something like a couple million$$$??? Weren't those accounts digital?

[@ShoelessNomadThailand]

I own 1 BTC purely as insurance. Gold I'm a whale stored in Switzerland currency of the God's

[@kevinmcdonagh1063]

Gold, Silver and Bitcoin, what else is there??? great video

[@RobSoltan]

Pt Pd 👀

[@chadsmith2281]

Real estate!

[@Spirit-FilledMindset]

I think you misspoke. Much of the world's currency is digital. Money isn't digital.

[@michaelxwhite]

Key distinction.

[@genbtc]

money is a tool for trading human time. money can be lots of things. currently Bitcoin is being used as money by many

[@scotty06wwjd]

Thanks for the vid bro as always! Richard Heart will debate Peter Schiff on Feb 23. Should be very entertaining =)

[@objvst]

Gold is the foundation of reliable modern electronics. Gold doesn't tarnish like silver or copper so it keeps the connection intact where the others fail eventually. Copper or Silver is plated with gold so it protects those metals from corrosion extending the usable life of those metals for electronics.

[@amandathompson9347]

Bitcoin has been tampered with, stolen. Crypto is not secure. Rob what will crypto be worth if the internet goes down?

[@miquel6428]

I always give a like before watching the video. I never regret It.

[@RobSoltan]

🙏🤝

[@aldenapoli4526]

Hello Rob, can you send a link to the cold storage you use please. Most honest show I have have seen in a long time. Been watching you from the beginning and truly enjoy your show. Thx, Al

[@hannahrose7372]

Are those crystals behind you?

[@RobSoltan]

Yes, Im kinda a nerd about my crystals it’s an amethyst

[@michaelxwhite]

Everything and i mean everything traded online can be hacked. Including bitcoin.

[@havic902]

Wallets get hacked via scams but good luck hacking the actual blockchain.

[@michaelxwhite]

@@havic902 if it's online at can be hacked...period

[@sultan-xg5ir]

Having bitcoin in cold wallet is not gonna get hacked because the wallet is offline and you have the key 🔑 for it

[@michaelxwhite]

@@sultan-xg5ir how is it that your credit and debit cards can be hacked across the parking lot from a scanner, but your cold storage is impervious? What is the dependable lifespan of a hard drive now a days....1 year? What a joke world bitcoin and crypto individuals live in.

[@sultan-xg5ir]

@@michaelxwhitelol you should not carry your cold wallet in parking lot even if you do there are multiple security walls and wallet is offline unlike credit cards, if your cold wallet gets destroyed 🔥 gone you can go buy another wallet and use the same key 🔑 u have from the first one to access all your crypto that you had inside first wallet

[@chazdog22]

Great job nice channel here

[@RobSoltan]

Thank you!

[@Brandon-xp1ob]

I'll take Bitcoin

[@victorl31685]

Great video I agree with you on all topics

[@Goblinpunch123]

Rob, look into the events in Turkey and why they're asking citizens to bring in their gold now because of the falling of the Lira and most trades going in dollars. Gold and silver are at a lynchpin, and we're at the perfect time to sit back and watch it happen.

[@boombox3819]

Love the background

[@daydayjohnson8216]

Now this silver squirrel 🐿 was waiting for this nut 🌰 great vid thanks rob for your time brother.

[@RobSoltan]

Thank you for the support! 🤝🙏

[@awwadawwad8453]

If dollar fails and bitcoin is bought by dollars doesn’t then mean bitcoin will fail aswell ???

[@john1313js]

Yay! Content much good 👍

[@PoorMansInvesting]

Bitcoin and Gold suck....Now Silver,Pt,Pd, Privacy Crypto's and Richard Heart Crypto's. That's a different story

[@sultan-xg5ir]

Agree with you rob soltan

[@RobSoltan]

🤝

[@bobolson7610]

Great video. Both assets are valuable (PMs and Crypto). Good explanation.

[@danmax7456]

I agree with your strategy !

[@aonoymousandy7467]

It's sad that we have to say that 25% inflation rate is our opinion because the gov lies so much about economic data

[@mattblanks2415]

Bitcoin is Gross

[@kylebrooks4147]

The problem with Bitcoin is that it is not a currency. Nor is Silver. Gold was confiscated once before. The next monetary system will be a horrible day for us all!

[@Fangornmmc]

With (insane) 21% VAT tax on silver over here and high premiums, getting digital silver/gold tokens on certain platforms with the aim of ultimately swapping to gold tokens and taking delivery is frankly the cheapest way to get physical bullion. That's why I do it, despite the counterparty risk. I would much rather get physical directly, but with limited funds using these digital platforms (and receiving yields on the invested money) is simply the best option for me, and many other EU-based stackers, right now.

[@evenruderanger7617]

God bless you! I’m an American so it’s fairly easy for me to stack. I don’t know if I was in your shoes if I would even be able to do what you’re doing. Very smart! I’m seriously challenged when it comes to the digital world. But I’m glad you’re getting the best value possible despite your unfortunate situation with the high taxes! :(

[@thinkingoutloud3757]

I just discovered the immediate "soft confirmation" with Bitcoin when I was experimenting with running the node software (Bitcoin Core). That changed my entire impression of the network. I wish third party soft wallets like Exodus, Bitpay, etc would show this.

[@IncredibleTOPCast]

Muun and Ledger shows the soft confirm.

[@johnbethea4505]

Crypto is not money until it is cashed in and removed off of the exchange....precious metals are just metals until they are sold to cash usage...

[@lamarravery4094]

That's a nice gold ingot there, hopefully it's not filled with tungsten inside.

[@jenniferravolet9852]

Hi Rob, I am going back to your earlier video as found this one. Do you have a new position on this now that the cryptos are crashing? I'd love to have your opinion on the current situation and whats coming.

[@ShyairLopez]

The Goal of Ripple with the XRP token to be that layer you are talking about.

[@leinad.s]

If there was something digital gold run by a trusted entity and constantly audited, exchangeable for physical metal I could see a digitised precious metal on the blockchain.

[@toniiwityohoe7516]

Pax gold

[@ramonedetroitguam6075]

the thing is, is bitcoin is still man-made, where as gold is natural. so therefore, bitcoin is still a fiat and has to be expected as "money" 💵, even though bitcoin has the characteristics of gold 🥇...!?

[@mnpreston3137]

Good video! Keep it up

[@sting0072007]

Let's get down to brass tax, how much for the ape?

[@RobSoltan]

😅

[@iliketurtles2993]

alg0

[@eror151]

Where's your Iridium bar though?

[@iiix808xiii]

Check out XRP, it will replace the SWIFT system.

[@jerrylovesfreedom]

#RobSoltanForPresident -Jerry

[@RobSoltan]

🙏🤝

[@valientthore6722]

Yes but, if the Canadian govt. can stop crypto transactions I still question the custody of bitcoin

[@zerrodefex]

Can they really or did they just claim that they did?

[@PA-sb5ou]

great video...

[@azwelke2638]

Bitcoin only has one use, gold and silver have more than one use. That makes gold and silver more valuable to the world. Bitcoin might be worth more in dollars, but gold and silver are worth more in reality.

[@chadsmith2281]

The portability alone is enough for me. I can cash buy in the USA go on a plane fly across the world and can cash out at 2am instantly to a ATM or my bank account.

[@azwelke2638]

For now you can, but the government has potential to build super computers to break into your wallet even if it is turned off. And they have the ability to turn off the Internet, and the ATM machines. All they really need to do is make it glitch a lot, and the transaction will not go through. I do like crypto 's, I own some, but I live in reality.

[@azwelke2638]

In this scenario you are relying on being able to find an ATM, and you also need to have the power on. So there are a few other things involved, you just don't get to do whatever you want to do like you could with gold and silver. You don't need a computer for those, or electricity. In the gun and knife world we have the 21 foot rule. If you are within 21 feet a knife is faster than a gun. In the monetary world if you are within 21 feet silver is faster than crypto's.

[@DellaroyEngineering]

Bitcoin has a use but has no value in and of itself

[@jmcg2518]

@@DellaroyEngineering for the time being....

[@AlexDuWaldt]

You can have digitized gold. It's just really dumb XD Like, the chief benefit of having gold is being able to use it for an industrial/ recreational purpose. Having a proxy for an industrial ingredient just simply isn't worth the molecules it's trying to represent. Physically owning the thing allows you to take a step up on anyone trying to buy it. Selling a proxy to that allows you to sell for less but there really isn't much of a purpose to owning it. Just buy stocks XD Btw Robbie, this paragraph is for you. You mention that your opinion of Tesla stock is that it's a collectable. And yet you sit there with a 100 oz Silver paperweight on your desk. Like yes precious metals are smart to own, they allow you a diversification that provides more safety than most stocks or even Cryptos. However, you have to see them for what they are, ingredients for electronics and earrings. And guess who the number one buyer of silver is going to be in ten years??? You guessed it, Mr. Elon Musk himself. Not only do electric cars require silver but also his solar panels work specifically from silver. Essentially in my mind Tesla stock and physical silver are tied together.

[@goldnnugget8564]

Have you looked into PAXG-token pegged to the price of gold which can be exchanged for physical gold?

[@ronnies5900]

I have precious metals and some bitcoin too I like bitcoin and have done ok with it But I’m very skeptical that the Govt cant or wont take over bitcoin through regulating it etc Thanx for the video i enjoy the channel

[@genbtc]

"take over bitcoin through regulating it" can you elaborate?

[@ronnies5900]

@@genbtc Im not an expert on the subject Possibly by taxing the exchanges where its purchased or when converted back to dollars to be used Look what happened in Canada They froze their bank accounts and crypto But educate me if I’m wrong I’m not an expert in it And have less than 5k I feel like the govt is coming after it somehow

[@genbtc]

@@ronnies5900 canada froze the bank accounts but not their bitcoin address. that's not possible to do. their funds via tallycoin went directly to their bitcoin wallet which is custodied via multi sig and requires many individuals involved in the protest to sign off in order to spend/move it yea governments can come after it with legislation but they cant stop the network from operating, and transactions can always go peer to peer

[@TheSaint135]

*How can you call an "asset" that dropped more than 30%, more times than any other asset in the world (last time was just a few weeks ago) a "risk off asset"???*

[@genbtc]

short term volatility is different from overall risk imo

[@scotty06wwjd]

Just because it's volatile doesn't mean it's not an "asset"...and why are you only talking about the "drops"? What about the awesome gains and performance overall? Zoom out on the 10 year chart =) I hold both Precious Metals and Bitcoin, but the fact is Precious Metals have not even kept up with inflation the past DECADE. Terrible performance. Foolish to not have any crypto imo

[@masterofoddlysatisfying9749]

whats your take on Platinum？never thought you had more platinum than gold

[@RobSoltan]

I’ve made a few videos on Pt and Pd but definitely due for another one in the near future 👍

[@masterofoddlysatisfying9749]

@@RobSoltan could you please refer me the link? I would love to see i

[@RobSoltan]

@@masterofoddlysatisfying9749 kzbin.info/www/bejne/hImxYoGwa5yBi5o

[@boonmsgt]

Rob, I would like to hear someone's opinion on crypto currency impact on what is going on in the world. I look at it as a new thing that did not exist in 2008 or any past recession. And that it's mere existence hold much of the trillions you mention that normally would have ran to metals and other commodities. I really find it interesting how you describe the money trying to find a safe haven or hedge against inflation but is bouncing around. There are way more novice traders now in charge of their own portfolios that do no know where they should go. As they awaken I agree the three you talk about will be amongst the top places.

[@boonmsgt]

Hard to describe what I'm saying but a lot of people are running around on Robinhood, Webull etc. just about anything they did had little threat before. They are still running the money around on exchanges, Crypto currency. Many are looking at metals but dont understand. But eventually there will be bank runs and exchange run simultaneously as it did in Great Depression.

[@soulpatchjackson3076]

I can skim that on your table. And take your bitcoin. Take it off please.

[@lostwingman0736]

As always, if you want to knowthe real economic numbers like unemployment and inflation, go to shadow stats.

[@silverhighwayman1938]

Imagine that 100oz Johnson Matthey bar dropping on your foot Imagine that gold bar dropping on your little toe Imagine 1000 btc dropping on your foot my point...keep it real old skool btw...please dont be another cryptobasher because the new regulations and law makes it so easy to freeze any digital asset and any digital wallet can also be frozen. cold wallet addresses can be good but after this new revelation, who would want to receive any crypto from a flagged account/wallet address?

[@ryankekuna8395]

Please post your content on Rumble as well so I can support a platform that allows free speech and cares about our country 🇺🇸🙏🇺🇸

[@genbtc]

If you understand why Bitcoin is superior to precious metals, and is demonetizing them as shown through the difference in performance within the last decade, why would you choose to also hold the inferior version?

[@genbtc]

@dissident agnostic superior at being money (store of value / medium of exchange)* humans value something based on its usefulness for a specific purpose. Bitcoin is one of the most useful tools invented, and is being used by many to escape tyranny but storing their value and transacting in a money that cannot be censored (ie freedom convoy donations), confiscated (if self custodied properly), or debased.

[@genbtc]

@dissident agnostic you can’t replicate Bitcoin. It optimizes for decentralization and any “improvements” are actually tradeoffs. It is optimized to be base layer sound money

[@callummistry3389]

The market is very unstable and you can not tell If it's going bearish or bullish. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me.

[@callummistry3389]

hi$ ͲeIєɠɾαm👉MasonL1

[@tylermarsh7349]

Thanks for the insights and recommendation!