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Do you think the price of gold will ever reach down to 1100-1300 USD?
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<p>[QUOTE="-jeffB, post: 7406820, member: 27832"]Ding ding ding ding!</p><p><br /></p><p>Sure, the supply of OG Bitcoin is strictly limited by design. But then there's Bitcoin Cash, Ethereum, Litecoin, Dogecoin (much speculate!), and hundreds if not thousands of lower-tier, special-purpose, or even government- or corporation-backed issues.</p><p><br /></p><p>How do you think it would affect the market for gold and silver and platinum and palladium if anyone who wants to could invent and produce<i> <b>new</b></i> precious metals, each with the same properties and utility as the existing ones? "Yeah, palladium's super-expensive now; why not buy Jeffbium instead? It works just as well in catalytic converters, and if you get in early, you can get it for a few dollars an ounce! (You already missed the chance to get it for pennies a pound.) Think of how much your stack will be worth once GM or Fiat starts using it in industrial quantities!"[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 7406820, member: 27832"]Ding ding ding ding! Sure, the supply of OG Bitcoin is strictly limited by design. But then there's Bitcoin Cash, Ethereum, Litecoin, Dogecoin (much speculate!), and hundreds if not thousands of lower-tier, special-purpose, or even government- or corporation-backed issues. How do you think it would affect the market for gold and silver and platinum and palladium if anyone who wants to could invent and produce[I] [B]new[/B][/I] precious metals, each with the same properties and utility as the existing ones? "Yeah, palladium's super-expensive now; why not buy Jeffbium instead? It works just as well in catalytic converters, and if you get in early, you can get it for a few dollars an ounce! (You already missed the chance to get it for pennies a pound.) Think of how much your stack will be worth once GM or Fiat starts using it in industrial quantities!"[/QUOTE]
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Do you think the price of gold will ever reach down to 1100-1300 USD?
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