Gold vs. Bitcoin Kickoff Video

Published on
October 14th, 2019
2 minutes

Gold vs. Bitcoin Kickoff Video

Bitcoin vs. Gold ·
Featuring Justine Underhill

Published on: October 14th, 2019 • Duration: 2 minutes

Justine Underhill breaks down why you should stay tuned for the next two weeks as we pit gold and bitcoin against each other.


  • Ms
    Martyn s.
    14 October 2019 @ 20:11
    I personally see both as good plays. There is not enough gold and bitcoin to satisfy the masses when they exit the fiat system. The older generation with less risk appetite may choose gold but the the younger generation more likly to turn to bitcoin and when they really want privacy and fungibility in their money they will seek monero.
    • CA
      Chad A.
      15 October 2019 @ 00:51
      Martin, I couldn’t agree more. Financial assets have played out for the average investor. It’s been a rigged, casino-gambling bet for a while now. Hard assets (gold, land, businesses, some cash, etc) + BTC covers a person for any eventuality. Isn’t diversity what Wall Street has been touting for for years?
    • AW
      Andrew W.
      17 October 2019 @ 01:46
      Monero comes with the trade-off of less trust. More likely, we will see a BTC-backed stablecoin or Layer 2 mechanism provide the privacy desired.
    • DC
      Daniel C.
      31 October 2019 @ 12:42
      I would like to add that Monero is the real blockchain Gold, because there is a tail emission similar to the gold mining and it's really fungible, no tricks or special powers needed to have it.
  • MS
    Michael S.
    16 October 2019 @ 07:20
    It’s sad how Raol and some very smart people aren’t buying into the stock market bubble but instead buy into the biggest bubble of all time, the BTC/crypto bubble
    • SP
      Simon P.
      19 October 2019 @ 01:45
      .com bubble - By the end of the stock market downturn of 2002, stocks had lost $5 trillion Crypto bubble, total market cap on december 2017 = 750 billion, currently ~220 billion. The numbers show how misinformed you are.
  • KE
    Kathryn E.
    14 October 2019 @ 09:35
    Wasn't there a crypto thing a couple of months back for 2 weeks? I'm not against it, but would prefer more specials on other things like volatility instead of more btc and gold evangelism
    • tk
      timothy k.
      14 October 2019 @ 11:15
      Both gold and bitcoin are investments that stand outside the current financial system. Even a topic like volatility trading is a table inside the current financial casino. It is becoming increasingly obvious to all that all the games inside the casino are manipulated. Furthermore, even if you win, it will become impossible to outrun the rate at which the authorities are debasing the chips. Having money outside the casino in an asset like gold or bitcoin allows you to protect your purchasing power. In Austrian economics, money is brutal. It is a winner take all and flows to the “hardest money”. The money with the best attributes. It appears as if with the invention of the bitcoin protocol, it has, in fact, invented digital scarcity and is on track toward becoming the internet’s money. It’s mathematical and consensus algorithm have placed it on a collision course to overtake gold as the best and hardest money available. This is the most important topic facing investors today. I am looking forward to the debate.
    • RN
      Raymond N.
      18 October 2019 @ 03:04
      @RealVision: thank you for listening. A fresh view on the traditional financial system - most notably Bitcoin and Cryptocurrencies is the sole purpose that I signed up for your service. If you are looking for education on things like volatility, stocks, bonds, options, and the traditional equities markets then you are better served elsewhere. One recommendation, this Kickoff video is great but your UI/UX would benefit from either (a) playing the next video in the series automatically (ala Netflix style) or serve up the next video in the playlist on the EMPTY column to the right (Youtube style). Otherwise, users are left clumsily clicking around for the next video in the series. Lastly, thank you for NOT rehashing/re-running/recutting OLD recorded bitcoin videos with new publish dates in this series as that is a waste of time and misleading to your existing paid subscriber base. P.S. Programming in a Sort Video By Recorded Date is a much needed feature in both post "searched" videos and after clicking on a series, all videos, interviews, etc. Existing subscribers would like the option to only view the most recent recorded content instead of hunting through the video database for unwatched content. This feature is MOST needed in the RealVision iOS app.
  • JA
    Jordan A.
    18 October 2019 @ 00:16
    I know how to settle this. Set up two booths. One gives out free gold, and the other free bitcoin, you can only choose one. Which line would you pick? I think the line for gold would be many miles longer.
  • HC
    Hao C.
    15 October 2019 @ 04:48
    Shouldn’t be gold vs bitcoin. It really should be gold AND bitcoin.
    • MS
      Michael S.
      16 October 2019 @ 07:12
      Not when BTC is a Ponzi that will go to zero when people realize future cryptocurrencies will be Fed, IMF, Xi, Putin, US, BIS, IMF, or UN coins. Btc is like Napster, it is the first and will be useless in the future.
    • AW
      Andrew W.
      17 October 2019 @ 01:45
      @Michael S, until you realize that BTC is a monetary policy and money supply moreso than a currency, you won't be able to see that BTC is incomparable to Fed/IMF/China-issued crypto. The latter is just more technologically sophisticated fiat. This is really more of an education issue than anything.
  • MS
    Michael S.
    16 October 2019 @ 07:16
    Bitcoin = Napster. No way that it is the crypto of the future. We dont know if the future crypto will be government, supranational (UN, IMF, BIS, etc), or be from a central bank. Sell BTC while there is a fool to buy it higher than you did.
    • AG
      Alex G.
      17 October 2019 @ 00:36
      As long as bitcoin keeps its monetary policy preventing more than 21 million btc and transactions are censorship-resistant a digital currency created by the government or central bank will never share the same value proposition. They just aren't comparable assets in the same way you would view investing in gold different than a fiat currency. While there is a chance governments overregulate Bitcoin and hurt its demand/adoption, bitcoin will continue to exist as a unique asset compared to other government digital currencies unless they make decisions like limiting the supply, a low inflation rate, and not censoring transactions. Doubtful this will happen...
  • CN
    Chase N.
    14 October 2019 @ 06:55
    Can't wait for each of these next two weeks. However, I am curious to see if any of your interviewee's will talk on Ethereum,
    • JM
      John M.
      15 October 2019 @ 05:09
      Or Libra!
  • EF
    Eric F.
    15 October 2019 @ 02:12
    Brilliant idea, really looking forward to it.
  • NI
    Nate I.
    14 October 2019 @ 18:39
    Hoping someone can convince me to participate in crypto, but so far none of the past advocates appearing on RV have. Past RV appearances from crypto advocates have been bright people making very intellectual arguments that ultimately boil down to buying and selling to the next person at a higher price. That works until you are the last person to buy. Looking forward to this new series to see if anything has changed.
    • OS
      Omar S.
      14 October 2019 @ 19:30
      I would start with making a small purchase $50.00 for example to understand it better, feel it, move it. Literally every asset, commodity, security can be sold off to the next person until there’s no one to sell to
    • PD
      Paul D.
      15 October 2019 @ 01:00
      Couldn't you say that about any asset that is on the market? I think the dilution and weakening of the dollar/fiat in general is apparent to all? It makes sense to have some assets (even if this is a minimal amount) that are not inflationary and can be exchanged for money or other assets. Bitcoin fits this bill very well as it: cannot be taken from you, limited amount will ever circulate, is completely portable, has been shown over longer periods of time to be a pretty good store of value.
  • KA
    Kristian A.
    14 October 2019 @ 23:26
    Serious question - out here in CA, our power can now be shut off if there is a light breeze and dry conditions. Is our grid’s inherent age-related decay and lack of modernization a limiting factor for BTC?
    • PD
      Paul D.
      15 October 2019 @ 00:55
      Well, you would not stand to lose any Bitcoin from an outage but possibly could be prevented from trading it for a period, it would not be too hard to displace to a location with power if you really needed to buy or sell it so urgently in any case?
  • MK
    Monty K.
    14 October 2019 @ 19:57
    Can't wait for this serious. Right on queue guys, excellent!
  • dd
    david d.
    14 October 2019 @ 14:12
    • DB
      Douglas B.
      14 October 2019 @ 18:40
      Seems as if you are projecting. You may want to take a break from RV and spend some time watching YouTube videos on Carl Jung’s shadow theory.
  • KB
    Kris B.
    14 October 2019 @ 18:10
    Ultimately, the question is really about the future of banking. Gold money was the foundation for modern banking. Because of its physical nature, it intrinsically required centralized institutions for safekeeping which, in turn, made society dependent on banks, opened the doors to fractional reserve banking, and eventually paved the way for the introduction of pure fiat currency. Bitcoin, on the other hand, has no intrinsic requirement for centralized safe keepers. This becomes even more relevant with the introduction of DeFi (which is why Ethereum really needs to be included in this overall discussion). Although Bitcoin itself is late to the DeFi party, the success of DeFi on Ethereum will inevitably broaden to Bitcoin as well, and that means these blockchains will make decentralized and fully transparent banking a living reality without the inevitable tumble into centrally controlled (fiat) currency that historically followed the use of physical money. So the broader question is whether we are on the cusp of a technological paradigm shift in money and banking. And if we are, and if transparent digital decentralization is poised to usurp institutions as the locus of trust in society, then it seems reasonable to assume that failures in the legacy system will coincide with the rising success of this new system. However, until the writing is on the wall that this new system is, indeed, inevitably part of our future, doubts about the legacy system will be coupled with the suggestion that the way out is a return to the gold standard. But without the narrative of a return to the gold standard, it is hard to see gold sustaining high valuations simply on the basis of its non-monetary uses. The irony is, therefore, that the future demand for gold depends on the failure of decentralized digital finance and its ability to replace legacy banking. A return to a gold standard requires that centralized institutions remain the locus of trust because gold requires institutional safe keeping and trusted third parties to guarantee that digital representations of gold line up with physical reality. If decentralized digital networks claims the mantel of trust, on the other hand, the physical nature of gold precludes it from participating fully in that trust. Therefore, as this debate rages on over the coming decades, gold advocates will likely find themselves becoming inseparable from advocates for institutions. The very reason we advocate gold in the first place is due to mistrust in central banks, yet central banks represent the very pinnacle of institutional rule.
  • CB
    Clifford B.
    14 October 2019 @ 16:19
    this will be the outcome of bitcoin if it becomes large enough to become a global currency threat.
    • VS
      Vikram S.
      14 October 2019 @ 16:42
      Bitcoin is censorship resistant and can’t be stopped (like the tor onion browser). As long is there is a need from humans or machines then it will continue to grow.
    • CB
      Clifford B.
      14 October 2019 @ 17:59
      In and within itself sure. The issue is how the gateways operate and if the gatekeepers allow it.
  • RB
    Richard B.
    14 October 2019 @ 14:48
    Very much like gold, bitcoin has been 'around' for thousands of years. It has just been called something else during each of many time periods.
    • DL
      Dan L.
      14 October 2019 @ 17:36
      Bitcoin could not have existed, in any form, prior to the formulation of a solution to the Byzantine Generals Problem, which itself was not articulated until Robert Shostak did so in 1978. The first working solution to this problem, needed to prevent the double-spending of digital money that does not require a trusted banker or other intermediary, was published in 2009. So, I'd say gold has a longer track record. I'm just not so sure it's a better one.
  • DL
    Dan L.
    14 October 2019 @ 17:27
    Real Vision's focus on Bitcoin and Gold as competing stores of value is brilliant and incredibly important. I hope the focus of this series sticks to fundamentals, things like the soundness (a.k.a. hardness) of money, fungibility, cost of carry, custody etc, and does not get too side-tracked by the promise of blockchain or the utility of smart contracts. These other topics are important, to be sure, but they muddy the water with respect to the medium we choose as the bedrock on which to build a stable and prosperous global economy for the future.
  • VS
    Vikram S.
    14 October 2019 @ 11:24
    RealVison are doing their best to focus on their founding ethos, namely to bring the world of finance to the people. The Bitcoin vs Gold debate is a very important consideration for those with money to invest (hedge funds, HNW individuals, family offices) however you won’t hear anything about it in the mainstream media.