Newmont sells Ontario mine to Orla for $850 million
The addition of the Musselwhite mine to its portfolio more than doubles Orla Mining's gold output to 300,000 ounces per year.
Bitcoin has grown wildly in popularity in its short history. But how does it stack up against gold, the international currency for thousands of years? Find out in today’s post!
For thousands of years, gold has been the international currency, and for good reason. Gold is a substance that is in high demand and there is a finite amount that can be produced. Bitcoin, through cryptography, was created on these very principles. Bitcoin must be mined, is in high demand, and there is only a finite amount that is available – just like gold.
Relative to its short history, Bitcoin has made a significant global impact and has become popular with those who seek an alternative to fiat currency. Only time will tell which has more upside: bitcoin or gold.
Original infographic from: JM Bullion
3 Comments
Matt
I think that Bitcoin, which is basically a “nothing” that has no properties other than what value people declare it to have, will become a footnote in history. In the meantime as long as it trades people will trade it. If somebody sells a house for gold they many hold and stash some or all of it. if the sell a house for Bitcoin they likely head straight for ebay and turn it into the hated fiat currency.
Rachel R. Walker
Market
marshall: https://www.marketmarshal.com/register.php
sponser=agata7ar placement id= agata7ar
USD
1000 investment, daily USD 300 x 365 days
They
acept bitcoins.-
Guest
Anyone Looking to get into Bitcoin?
There is only a limited amount that can be produced and once its all mined then the price will go up up up up!
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