Bitcoin Vs Gold - What To Expect On the Road To Zero

builderofcastles (64)in Informationwar • 3 days ago

Everything is going to zero vs bitcoin - Max Keiser

Bitcoin is going to reach such heights, where 1 BTC = 1 BTC.

Gold is going to the value of a pretty yellow rock.

I am going to try to spell out the mile markers along this journey.

And this is important because there will be times when gold may save your butt. But, if you hang onto your gold for too long, well, just give it to some jeweller friend to play with.

The value of gold

Gold doesn't have much use except in that it doesn't tarnish/oxidize. Which makes it good for jewellery and electronics connector plating.

Gold is supposed to be valuable because it is scarce.

However, almost every ounce of gold that has been mined is still with us (although some is at the bottom of the ocean). The people who like gold have just hoarded it. And their inheritors have just hoarded it. It has just stacked up in vaults for centuries.

It is not that rare. I bet there is enough gold in vaults that we could make jewellery for 100s of years without mining another ounce.

And there are some big finds recently. In China and Central America.
Further, there is lots of rumors of big deposits of gold being kept in the ground, such as Chocolate Mountain.

So, gold isn't really that rare. And if all the hoarders started selling some of their gold, it would flood the market.

But, i would be remiss if i didn't say, people who want to be large quantities of gold pay a huge premium, and have to never disclose to the public what they paid for the gold. The prices we pay on the COMEX is a price that has been kept down for a long time.

Gold's path

The COMEX fails at keeping the price of gold suppressed. Gold quickly goes to something like $10,000 an ounce.
The Fort Knox gold is "found" to be missing. "People" go out to find the missing gold. And, a "war" starts over this between those who are fighting for America, and the Rotschild families.
Californians are panning for gold to pay for food.
All kinds of talks about a gold backed currency. Not sure if any of them actually work. As in, they say they are gold backed, but you, a little guy, cannot get any gold for your notes.
The new generation doesn't see any reason for valuing gold. Bitcoin has clearly won. The gold bugs give in, finding they are only holding back the only real money from working for the world.
Frequencies are discovered that allows one to take a gold laden rock, and "melt" the gold out of it. It just flows out, and forms a pool. Anyone who wants gold, can just go get it. (or we just pull it out of salt water) Something like that.
Gold can be formed from plasma with our minds.

As you can see, there will be a time to sell out of gold.
Gold will get very pricey, and then it will become a pretty yellow metal that is easy to obtain.

Bitcoin's path

Bitcoin proponents celebrate $100k bitcoin (just happened)
Bitcoin cools off, goes up, crashes, springs back, and then goes higher. (about $300k)
More institutions, more govern-cements, more wealthy individuals try to get into bitcoin. Causing bitcoin to go no Ask. The exchanges have no bitcoin on them. Bitcoin's price gets estimated at over a million dollars per.
Somewhere in here, there is a huge fomo into cryptos. A rush to own from the public, who is watching their fiat inflate into nothing.
Bitcoin starts being used for settlements between large corporations and govern-cements
Bitcoin becomes the thing everything else is priced in. (although we may not use bitcoin itself)

Now, during all of this, there will be a lot of wars, (not very) civil wars. Woke army rising up! to sell out to the Chinese…

There will be floods, and hurricanes, and ice storms, and volcano eruptions, mud slides, earthquakes, hail the size of baseballs. It will be like one thing after the other.

In this time, there will be people without power. And people without internet. We will restore these, but there will be times without, and we should prepare for these. And, physical gold can be used during these times. However, physical silver will probably be much more useful.

There will, of course, be a time when you can swap gold for a house. But, this will also be true of crypto. For both of these, there will be a large group that want gold or crypto for their house and stuff. They don't really want the fiat.

So, in all of this, having some gold may be the best thing you can do.

However, in the end, gold goes to a pretty yellow rock, and bitcoin rules the world of finance.

So, if you hold gold, be sure to sell out while the price is sky high. Because, there are a dozen reason why its price will go to zero.