One thing that people like in a commodity is stability, the value of a Bitcoin may be rising but the old rule says: what goes up must come down. Gold has been v

One thing that people like in a commodity is stability, the value of a Bitcoin may be rising but the old rule says: what goes up must come down. Gold has been valuable for more than 4000 years. For me a better comparison would be made against diamonds, they are less useful and more artificially priced for consumers. Generally people pay something which tracks/reflects the true value of gold and they can sell gold items for scrap value. Diamonds are sold as an investment but it is a false economy, if anyone ever tries to sell a diamond they quickly find out how artificial retail prices are. Worth reading this article from the 80s to find out more: http://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-sell-a-diamond/304575/ http://www.theatlantic.com/magazine/archive/1982/02/have-you...