RE: Excerpt from: THE CASE FOR BITCOIN (2015) - Scenario for a massive surge in Bitcoin valuation

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Excerpt from: THE CASE FOR BITCOIN (2015) - Scenario for a massive surge in Bitcoin valuation

in bitcoin •  8 years ago 

The problem I see with precious metals, is that ETF's and banks can easily move the price based on selling paper certificates for the PM.
While gold and silver will have their day, so will bitcoin, and all of that, in my opinion, is still ahead of us.
Thanks for the post.

bitcoin
8 years ago by

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      ·  8 years ago (edited)

    My pleasure -- glad you enjoyed it! The problem with precious metals is you have no idea whether the metals are actually there in the vault ... Germany asked for all their gold to re-patriated from the US in 2013 ... the US managed to repatriate 5% of it and then kind of went, Um, so, this is difficult to do and we're not going to be able to fulfill the rest of it ... Huh? Why not? What's so 'difficult'? So there's a great deal of suspicion that Germany's gold is no longer actually in New York where it's supposed to be.

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