In this report, I cover the early market action from London on Wednesday, June 26th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Recently with the move up in bitcoin and gold, I have been asked questions about both and also been told that one or the other is better as an investment or savings instrument. So today I have decided to give viewers my opinion on both gold and bitcoin and also compare and contrast both.
I think both precious metals and cryptocurrencies will continue to play an important part in the world of money and currencies for many years to come. My view is that gold and silver have the long term track record but that bitcoin is the equivalent of digital gold despite its decade long track record.
My conclusion is that I like holding both gold and bitcoin but that each individual needs to do his or her own homework and decide for themselves how much of their hard-earned savings they will allocate to each.
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BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
DASH: XhxxKD8YHjAdE3hYG7AuCw4EwUrCjZWqGK
BAT Currency: Uphold a/c name maneco