Rael Demby, CEO of The South African Gold Coin Exchange (SAGCE) & The Scoin Shop, compares and contrasts the two. The SAGCE has over 45 years of experience.
One of the most striking differences between gold coins and cryptocurrency is that while the precious metal represents a physical object, cryptocurrency is entirely digital. Gold coins are a physical commodity. They are solid. You can feel the weight of a coin. That’s very reassuring to our clients. On the other hand, cryptocurrency is a digital creation, a convertible virtual currency. That said, the nature of Crypto has not been deterring investors.