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Sold of My Entire Bullion Collection In Order To Purchase BitCoins
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<p>[QUOTE="ToughCOINS, post: 8387804, member: 20480"]You mustn't forget that a significant portion of the market for gold has been distracted these past few years by euphoric members of the crypto-craze. That has a suppression effect on competitive markets, PMs included.</p><p><br /></p><p>While most everything is likely to continue to decline, it's entirely possible that those temporarily drawn to BitCoin now realize they'd have been better off in gold, and can trust it as a store of what wealth they still wish to protect. I anticipate that shift driving an eventual move in gold, but it may still be a while before that happens. </p><p><br /></p><p>Buyers need to run up against a tangible shortage in physical gold before they realize this is a game of musical chairs playing itself out. That shortage is not going to happen anytime soon, in my opinion.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 8387804, member: 20480"]You mustn't forget that a significant portion of the market for gold has been distracted these past few years by euphoric members of the crypto-craze. That has a suppression effect on competitive markets, PMs included. While most everything is likely to continue to decline, it's entirely possible that those temporarily drawn to BitCoin now realize they'd have been better off in gold, and can trust it as a store of what wealth they still wish to protect. I anticipate that shift driving an eventual move in gold, but it may still be a while before that happens. Buyers need to run up against a tangible shortage in physical gold before they realize this is a game of musical chairs playing itself out. That shortage is not going to happen anytime soon, in my opinion.[/QUOTE]
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