"Gold Is Dead, Move On" Billionaires Bet On Bitcoin, Draper Sees $5MM Price

All the J-Billionaires want IN on this!





Hunkerin' down, and a-HODLin'!

Gold is dead, but silver is still a vital industrial metal in anything having to do with a 'green economy'. The price of silver will have to rise.

I still want gold.

The last thing you want to do is listen to what they tell you...lol

Here's the problem with "precious metals".

Modern mining methods have made their locating and extraction so cheap that their scarcity plummets constantly which ensures it or barely keeps up with or is outpaced by inflation.

In terms of gold, there is a largely unmined craton in Western Australia which has 30% of the world's economically recoverable gold. The second that gold rises appreciably you'll have miners pulling it out of the ground and flooding the market.

You can't eat Bitcoin!

But ... but ... but ... there are millions of tons of gold hidden in the Grand Canyon and at Chocolate Mountain, too!

Gold is trash.

I will buy all gold at $1500 or less. Please continue to push the paper price down so that I can stack and re-stack some MOAR!

gibs me gold

I still have space to stack more gold. I don't know how the silver stackers manage to store enough.

You are contradiction yourself. It it was so cheap to mine as you claim, it would have been done already. All analytics I know of state technical reasons for the falling goldprice, not a supplyshock.

Comprehension isn't your forte - as physical price APPRECIATES even moderately it becomes profitable to increase supply VERY EASILY. Demand and supply at work and has nothing to do with the paper price.

Gold is dead, meanwhile billionaires buy it up and stockpile physical gold like mad. Of course, they do that with all precious metals and rare jem stone and have been since the dawn of recorded time. A couple centuries back they convinved all the suckers to put their faith in paper and worthless metal coins, now they're convinving them to put it in bits and bytes. They must laugh themselves to sleep every night. Not only do they hold most of the physical wealth, they hold most of the phony paper wealth and now they'll hold most of the phony digital wealth. If it all goes to shit, the only thing left worth anything will be the physical wealth and who'll own it all by then? The same people telling everyone to buy digital wealth!

Billionaires bet on a decade old technology.

Plot twist - it's the PAPER price holding up the physical price. NOT the other way around! If there was no paper gold market gold wouldn't be worth shit.

You won't survive (((their))) reset so what do you care?

They stockpile because they and their spawn will live on. We won't.

This is true. And remember, you dont have to buy a whole bitcoin, you can buy just $5 dollars worth, or $20, etc. I use cashapp it's easy.

Yeah gold is totes dead, while the new King of the World China stock piles it hand over fist. K. Sounds legit.

WRONG.


You should always listen to what people have to say, but you should always make your own decisions.


If you listen to advice from someone that has no idea what they are talking about... Then you know what NOT to do.