RE: RE: Who do you go with, The Kid or the Experienced Pro?
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RE: Who do you go with, The Kid or the Experienced Pro?

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6y

This is really hard.

I have a lot of "old-timers" i still follow.
And all their information is getting dated.

The lie, that seems to be ingrained in all gold bugs, is that gold has been money for 5,000 years.

When, it really hasn't.
It is what the elite count their wealth in, but the common person really never used much gold.
(The common gold panner counts their gold in grams.)

That said, gold price will skyrocket as the lid keeping it down is shredded.
Money will pour into gold from all other investment classes seeking a safe harbor.

And then, gold mining is made 100,000x easier with vibration technology AND! gold is shunned because it is the devil-rots-children's money, and gold will be pretty much worthless. Used to make excellent non-stick cookware.


On the other hand, all young people in non eastern countries have never known gold. Have never held silver (was in the coins till 1964).

They almost live in a world without cash.

And with non-centralized block chains, the ownership of any funds is assured.

So, to the young people, bitcoin (and its forks) are the natural extension of where money is going.

Bitcoin is the future.