Topic: 2013-05-15 Gold and Bitcoin are the Currencies of the Future (Read 823 times)
i follow the metals too and Turk is a great orator proper knows the metals and the markets . please encourage him in every way on bitcoin he is one of us and a lovely unassuming speaking style.. could listen to him all day.
The Gold report interviews James Turk
Gold and Bitcoin are the Currencies of the Future
Wow... Those words coming from James Turk? That's a big turnaround from him...
Gold and Bitcoin are the Currencies of the Future
Quote
Europe, says James Turk, founder and chairman of GoldMoney, is in the midst of two crises—one in the banking sector, the other related to economic activity, and capital is needed to solve both. As to the allegedly strong dollar, Turk, in this interview with The Gold Report, suggests comparing it to the price of gold rather than other fiat currencies for a better picture. And the world's newest currency—Bitcoin—has a lot in common with one of the oldest—gold.
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The same concept applies to Bitcoin. Bitcoin is money, not an investment. Its exchange rate can go up or down just like the price of gold. In that sense, Bitcoin could be called a store of value just like gold.
Wow... Those words coming from James Turk? That's a big turnaround from him...
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