Thanks to things like "paper gold" and "paper silver," spot prices for precious metals have been depressed for many years. That's one way market prices have been manipulated for a long time. Had it not been for this manipulation, spot prices would have been much higher throughout that period (including the present).
As for cryptocurrency and gold, why treat their relationsip as "either-or" instead of "both-and" ?
Nearly all of us here know that the day is coming when paper money will become worthless and a near-infinite amount of it will be needed to buy a piece of chewing gum. If fiat/paper money is on its way to becoming worthless, that means all assets reliant on paper money will be worthless too.
Stock certificates make excellent wallpaper. Federal Reserve Notes (and non-US equivalents) are good fuel for the fireplace. Bonds can be used when making trips to the loo.
In the event of a financial Ragnarok, all assets will lose value. However, when fiat/paper drops to zero-point-zero units of account, gold and other precious metals will still have worth as mediums of exchange. Even copper has its place over fiat/paper.
Also in the event of an actual Ragnarok will be significant loss of electrical power. No electricity, no cryptocurrencies. They will still be worth whatever they were when the power when out, but they will be inaccessible. Inaccessible cryptocurrency is just as worthless as fiat/paper.
For now, both cryptocurrencies and precious metals are accessible to everyone. Precious metals may be hard to acquire due to supply and demand concerns, but buying them is just a matter of spending money-- minimal paperwork, minimal administrative work. Cryptocurrencies are still harder to acquire from exchanges or brokerage houses, but the trend to easier acquisition is movingg in our favor each day.
As long as it's still possible to do so, buy both cryptocurrencies and precious metals. Buy them in parallel, alternate purchases, between them, or whatever; just have both whenever possible.
IF you're familiar with the gold-silver ratio and how it's used, do something similar for cryptocurrences and precious metals. After accounting for fees and other expenses, use one to buy the other.
Cryptocurrencies and gold have their places, and much of the time they can be side-by-side.
Posted Using LeoFinance Beta