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I only have time to watch the first 5 minutes right now. But while I like Bitcoins as a short term payment method I think it's totally different as a long term currency or investment. The thing to keep in mind is what do you think the odds are that it will even stay a viable currency (let alone retain it's value) 1 year from now? 3 years from now? 5 years from now? 10 years from now? If you are planning on holding on to it for a while you are taking a very big bet. The longer you hold, the higher your risk.
With gold OTOH as he says you can be reasonably sure it will have some long term value. It's possible it might not (for instance if it can be easily replicated cheaply) but the odds are much better than with bitcoins where if it gets hacked, outlawed, or something better comes along then you are probably screwed.
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