@@cryptodejay72 Not without an internet connection, electricity, digital wallet and solving the power consumption issues. You also don't see gold "halving" either. Not to mention the irony of how bitcoin is 100% contingent on a super conductor, i.e Precious Metals. Bitcoin is great, but not flawless. I'll never understand those who don't own both.
Imagine when favorable macro is joined by favorable fundamentals (aka demand-supply) - for silver and gold - I get goosebumps even thinking about it...
Gold has been a store of value in every culture throughout history ranging from the Incas and Aztecs, to the Chinese, Indians, Africans and Egyptians. This is because gold's value is embodied. As an inert elemental precious metal it is unchanging and lustrous. Bury it for a thousand years after civilization has fallen and reset and it will still have value, unlike paper money or digital currencies. The Indian government has been imposing high taxes on gold, because they are desperate to prop up their failing currency. They recently had a currency reset which was an absolute disaster. Everyone fled to gold, as they have done traditionally. So now the government is desperately trying to encourage people to buy paper gold or store gold in banks. They are also constantly running news articles, echoed by tabloids like Bloomberg, that hoarding gold is somehow "dangerous for the Indian economy."
conventional view considers gold as hedge on currency debasement / fiscal policy bonanza. Driving forces on gold demand are - jewellery and investment (investing in fear of uncertainty). Platinum supply is much lower than of gold and platinum demand has additional large force - industry. Moreover current platinum price is at heavy discount to gold when comparing to historical levels. Question: Why platinum is not viewed as an alternative to gold when it comes to hedge on currency debasement / inflation / fiscal policy shenangians?
We live in an age where a hundred million tones of gold could be mined from space in our lifetimes. Gold is not rare or precious in the universe - there are passing asteroids laden with more gold than is on earth. It’s value is now purely an illusion.
2017 1 Bitcoin = 1 Oz Gold 10-16-20 1 Bitcoin = 5.92 Oz gold Today 1 Bitcoin = 8.59 Oz Gold Last Bitcoin record high 1 Bitcoin = nearly. 12 Oz gold. Why should I not sell gold, or at least put all new stacking energy into Bitcoin?
Actually paper currency is only as valuable as people SAY it is! If people lose confidence in a nations economy paper currency will become worthless, but you will ALWAYS be able to trade gold for goods!
Really? I had coffee and a bagel this morning...got change back from my ten spot. My gold and Bitcoin wouldn’t have gotten me a glass of water. So I guess your statement has no value.
@@williamwilson6499 with something like Cryoto .com or Wirex, you send 500 USD worth of BTC or ETH to your account, and can then spend it in shops using a Visa card. Easy. Try doing that with gold.
You spent more time on history of gold and silver in antiquity than in the last century. The de-monitization of silver and gold in the US from 1873 to 1971 would have been infinitely more interesting and more relevant. Why you focused on jewelry as a main aspect of precious metals is disappointing. Implying lack of awareness or a deliberate obfuscation of the inherent value of both gold and silver.
Excellent piece - you guys are fantastic. 👍
Gold is money. Everything else is credit !!!
Bitcoin is gold, but better.
@@cryptodejay72 Not without an internet connection, electricity, digital wallet and solving the power consumption issues. You also don't see gold "halving" either. Not to mention the irony of how bitcoin is 100% contingent on a super conductor, i.e Precious Metals. Bitcoin is great, but not flawless.
I'll never understand those who don't own both.
JP Morgan said that before he died gold in silver has no debt it real money
Roger , un vero oratore.
Excellent!
Imagine when favorable macro is joined by favorable fundamentals (aka demand-supply) - for silver and gold - I get goosebumps even thinking about it...
Congrats HEX! ☕🎩👁️
Hedge against the debasement of fiat currencies.
Gold has been a store of value in every culture throughout history ranging from the Incas and Aztecs, to the Chinese, Indians, Africans and Egyptians. This is because gold's value is embodied. As an inert elemental precious metal it is unchanging and lustrous. Bury it for a thousand years after civilization has fallen and reset and it will still have value, unlike paper money or digital currencies. The Indian government has been imposing high taxes on gold, because they are desperate to prop up their failing currency. They recently had a currency reset which was an absolute disaster. Everyone fled to gold, as they have done traditionally. So now the government is desperately trying to encourage people to buy paper gold or store gold in banks. They are also constantly running news articles, echoed by tabloids like Bloomberg, that hoarding gold is somehow "dangerous for the Indian economy."
conventional view considers gold as hedge on currency debasement / fiscal policy bonanza. Driving forces on gold demand are - jewellery and investment (investing in fear of uncertainty). Platinum supply is much lower than of gold and platinum demand has additional large force - industry. Moreover current platinum price is at heavy discount to gold when comparing to historical levels. Question: Why platinum is not viewed as an alternative to gold when it comes to hedge on currency debasement / inflation / fiscal policy shenangians?
India too has 24karat standard.
Rodger, you gaining weight man.
Precious metals? Copper jacketed lead
We live in an age where a hundred million tones of gold could be mined from space in our lifetimes. Gold is not rare or precious in the universe - there are passing asteroids laden with more gold than is on earth. It’s value is now purely an illusion.
Where DOES Roger get pants like that?
2017 1 Bitcoin = 1 Oz Gold
10-16-20 1 Bitcoin = 5.92 Oz gold
Today 1 Bitcoin = 8.59 Oz Gold
Last Bitcoin record high 1 Bitcoin = nearly. 12 Oz gold. Why should I not sell gold, or at least put all new stacking energy into Bitcoin?
Do that
Who is stopping you
To all his / her own
I love your content, but that transition music is horrendous and overly loud!
Paper currency has no value
Actually paper currency is only as valuable as people SAY it is! If people lose confidence in a nations economy paper currency will become worthless, but you will ALWAYS be able to trade gold for goods!
Really? I had coffee and a bagel this morning...got change back from my ten spot. My gold and Bitcoin wouldn’t have gotten me a glass of water.
So I guess your statement has no value.
@@williamwilson6499 with something like Cryoto .com or Wirex, you send 500 USD worth of BTC or ETH to your account, and can then spend it in shops using a Visa card. Easy.
Try doing that with gold.
WOT? No mention of price manipulation???? Fluff piece for people still wet behind the ears!
You spent more time on history of gold and silver in antiquity than in the last century. The de-monitization of silver and gold in the US from 1873 to 1971 would have been infinitely more interesting and more relevant. Why you focused on jewelry as a main aspect of precious metals is disappointing. Implying lack of awareness or a deliberate obfuscation of the inherent value of both gold and silver.
Hey dinosaur, Bitcoin is backed by energy and it’s superior to gold in every way...Do your homework dinosaur
The bitcoin black hole is coming.
Lol digital gold
What are you going to explain next - how to walk?