Even Gold Bugs On KITCO NEWS Say Gold Has No Upside

The last Bitcoin will, theoretically, be "mined" around the year 2140.

However, it is estimated that something like 3 to 4 million BTC have already been lost forever due to people dying, losing their private keys etc. so it will be even more scarce than Nakamoto thought it would be.

Take an ounce of gold to Men’s Warehouse and see what that gets you.
I’ll take cashapp and pay with .06 Bitcoin and walk out with a suit.

well first, that's what I call "the man in the suit syndrome" You have a guy in a suit on TV (internet now) so you think he knows something.
combine that with
A large percentage of people want someone who knows something to tell them what's going to happen so they can do something and not be wrong.
after that, almost always, when everyone hates something, even the people who like it don't like it anymore, that's when it is time to buy. Business Week had a famous
Death of Equities" cover, on the damn cover of a whole magazine devoted to business, so it has to be right you know, in 1982, so 1982 would have been a terrible time to buy stocks. They had another cover about something after that. Dead wrong. Search "Business Week cover indicator".

I'll go out on a limb, we'll be dead so we won't know, in 2140 Bitcoin will have been gone for decades.

He’s been an analyst for over 25 years and he puts himself out there unlike you, the internet stranger.

Sooo

Look at all these banks selling financial instruments and still doing their part to crash the system.

Just because someone sells gold doesn't make them legit or honest.

I've held gold since the 90s and BTC since 2013. I see where both are valuable.

I get tired of seeing PM giys and Crypto guys duking it out.

BOTH have their place in protecting wealth in SHTF.

What?
Banks don’t sell financial instruments and say they have no upside while they’re selling it to you.

Gold is the same except it takes one more step in going to a LCS and selling your ounce of gold.

Thats all.

Crypto though is convenient as long as the lights are on.

And with gold losing 30% on the spread.
When the lights go out, who is going to take your good chips as legal tender?

Good is going into a bear market as we enter a period of hyperinflation.

Sure.

Watch the video.

Central banks buy gold. I think they know where things are going.

And what are they going to do with it?
Put it on their balance sheet to balance out the tens of trillions in bad debt instruments?
They would never have enough.
Central banks are dying and so is the fake value of gold.

More math solutions? Alpha numeric strings?

KITCO? lol is controlled opposition.

Everyone.

Just like for thousands of years.

Only for the last 80 years have people been deluded into preferring paper currency.

The only people who ever accepted it have been dead for 100 years.
Society and technology MOVE FORWARD, not backwards.
Never in history has technology moved backwards.

It's pretty obvious, really.

KITCO is always talking down the PMs. I stopped watching their site years ago.

They sell gold, you don’t suppress a market that your making you business in.

You do if you're just a bankster tool, like KITCO.

Do they actually hold any fucking physical gold, gold US constitutional money? From their looks No! Tards!

There is no upside to anything! Stocks down and going further down, bonds dodgy, gold down, crypto down, get nothing with money in the bank getting 2% (if you are lucky) when inflation is 8% effectively means you are loosing 6% of purchasing power on your money. There is currently no escape. It is very bad for everyone.

The article is from 2012 and in it he predicted a break through 1800.
Which did happen briefly around that time, IIRC.

No where does it say that gold would go above 2 100 and stay there.

Wait for the last bull to turn.

'All ll these lazy terms like bull run or bearish market got nothing to do with bulls running or bears. stupid.

it's called sensationalism.'
Quoting: Anonymous Coward 73161030


'Thanks for revealing your ignorance.' Quoting:(OP)

Qouting someone on the internet: 'Zynic, best before end (2022)'


P-:

OP IS SCHILLING BONDS WITH DECADE HIGH INLFATION AND BITCOIN.

NOUGH SAID.

If "absolute scarcity" is your reason for believing BitCoin has lasting value.... I have a few ass hairs you might be interested in. They're pretty damn scarce.

When did gold go above $2100 and stay there for three years?
I think you’re delusional.

I guess you don't pay attention to technology. The encryption will be broken, who knows how long but probably not longer than 5 years.

Then everyone will flock to some other digital tulip bubble. People are fascinated with technology but refuse to see the darker side like endless re-hypothecation, tracking, etc.

The more complex a system becomes to define some arbitrary value the more likely it is to a collapse as well.

Gold is God's money because it's so simple a child can understand it. That and among many other things is what makes it valuable. It's simple, rare, easily refined into coins and bars, easily verified for purity, easily defined for purity standards, on and on.