So you post some stats about how the untrustworthy governments and federal reserve is stocking up on gold and we are all supposed to believe that. I dont believe any government and neither should you but its ok. Just keep holding onto your gold and see what happens in 5 years-10 years. You'll be poor wondering why you held all that gold and I'll be rich with my digital money.
You stated "Gold is dead. No one wants it" I posted information to prove that statement to be incorrect.
Russia and China are purchasing gold on the open market so there is no trust involved around stated quantities purchased.
Most believe that the Chinese hold a much larger amount of gold than publicly stated.
But if the best argument you can counter with is "I dont trust untrustworthy governments" rather than posting some facts and data then carry on.
All you state is your personal opinion and I presume you are not a qualified financial analyst.
All the big money i.e central banks, world governments and the very wealthy are hording gold not bitcoin. Many countries are also now fighting to repatriate their gold from the US, UK etc.
Money = control, if you think those at the top are about to lose power to bitcoin you are living in a dream world. The only reason they havent crushed it yet is because bitcoin is insignificantly small to them and they are probably using it to analyze blockchain security and scaleability in readiness for a move to digital currency (possible they will use blockchain but not bitcoin as several banks have allready stated)
The bitcoin Beta will end sooner or later but there is money to be made in the short term, its just knowing when to jump ship.
Gold is dead and no one wants it man. I know lots of people through work, my kids school, family, extended family and I am very vocal about Bitcoin and have discussed gold with many people around me. Some professionals, some on social aid ect and the one thing is for sure. They all think gold is worthless in their life but they can see the benefit of bitcoin and understand how it can directly affect their life.
My kids, they dont want gold. They want crypto. My friends, none of us want gold, we all want crypto. So at least around me no one wants gold. My father used to invest in gold mining companies and has even pulled all of those investments and put them in better places like facebook apple and bitcoin. You need to forget about the old and get with the new. The next generation of children will all want bitcoin and I can promise none of them will want to hold gold. Only gold they will want is around their finger.
Just admit. Gold cant do shit, cant help us and surely cant change our lives for the better but bitcoin and digital currencies can and will.
