Should you sell all of your stocks gold and silver to go “All-In” on Bitcoin and Ethereum?

Should you sell all of your gold and silver to go “All-In” on Bitcoin and Ethereum?

Mac Slavo
August 6th, 2017
SHTFplan.com

The crypto currency sector has been on a meteoric rise in recent years, with some “coins” seeing gains of thousands of percentage points for early investors. With interest building and new platforms for novice users that make it easier to buy Bitcoin, Ethereum and other blockchain currencies, U.S. Gold Corp CEO Edward Karr says there may still be big gains to be had.

https://www.stitcher.com/podcast/not-the-mainstream-news-1

In the following interview with SGT Report, Karr notes that just as is the case with precious metals, one of the fundamental reasons behind the crypto coin boom is that investors have lost confidence in their governments and economies. This has left them little choice but to flee traditional fiat currencies, which are literally being printed by central banks to the tune of trillions of currency units globally.

Like gold and silver, crypto-currencies offer a store of value, anonymity, and portability across borders. These core blockchain characteristics have enticed investors looking to keep their monetary activities private and increased their global demand as a crisis asset. And when that crisis does strike, what we’re seeing with the parabolic moves in Bitcoin and Ethereum, says Karr, will be replicated in precious metals assets, because the fundamental reasons behind shifting one’s money into anonymous and portable crypto-coins are the same reasons for why contrarian investors have held gold and silver throughout history:

I think all these gains in the crypto currency space… them going parabolic recently… this is the canary in the coalmine of the gains that are going to come in the precious metals sector… At the end of the day, when you look at gold and silver, precious metals have stood the test of time…

One of the reasons these crypto currencies are going to the moon is that a lot of investors… and mainly you have to look at the Chinese… look at Venezuela… when you are in economies where you know you are absolutely living in a Ponzi scheme debt bubble, you are willing to sell your Renminbi at any cost… And you would rather have Bitcoin… If you had Bitcoin and lived in Venezuela you’d still have some purchasing power parity…

crypto-currencies1

No Comment

You can post first response comment.

Leave A Comment

Please enter your name. Please enter an valid email address. Please enter a message.