RE: Bitcoin Price Will Triple Gold in 2018, Silver Achieves Parity With Gold: Clif High

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Bitcoin Price Will Triple Gold in 2018, Silver Achieves Parity With Gold: Clif High

in bitcoin •  8 years ago 

In the current market that is indeed a possible scenario.
Just recall the situation which occurred 5 years ago - the price of platinum was more than 30% higher than the price of gold. It felt like platinum was the most precious and the most expensive metal.
And what do we see now? Recent changes in the car manufacturing industry which currently no longer purchases platinum at the previous high levels has led to the decrease in price of this metal. Now gold costs more than platinum.

Indeed a similar situation can happen to gold / silver pair.

bitcoin
8 years ago by

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      ·  8 years ago 

    It's just a prediction maybe platinum price will raise too.

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        ·  8 years ago 

      The current market conditions are so volatile so basically any scenario has some degree of plausibility.
      Who could have predicted this Bitcoin situation like 5 or 6 years ago, right?

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        [-]
          ·  8 years ago (edited)

        exactly

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