Recent news show that It is out of control at the moment.
FED raises or decreases rates, BOJ goes with the new way, ECB does anything they like... Non of those can change nothing. Nobody gives a shit anymore. They want people to spend their money but no matter what central banks do, people see it as an opportunity to save more money.
It is over.
Gold and Bitcoin are the only real currencies right now. Rest are useless shits.
If so, why Bitcoin userbase doesn't expand explosively, and Bitcoin itself doesn't cost thousands of dollars per coin? Neither does gold, by the way (only slightly above $1,300 and been there for months). On the other hand, you can still buy a lot of things with dollars, and things seem to be where they have been at least for half a century. Why don't we hear it in the news (or in the talks) that merchants are massively refusing to accept dollars (or whatever currency they usually price their goods in)...
In short, no amount of dreaming can change the harsh reality
Cash is cash.
Gold is Gold just like, Bitcoin is bitcoin.
In July/20/2014 Btc was 85$. Now it is 600$.
Gold was 600$ in Oct/01/2006. Now it is 1330$
In 2006 100$ was 100$. In 2016, 100$ from 2006 is 135$ of 2016. (I assume you got a %3 yearly interest rate)
No matter how cheap gold will become, there is no need to panic. On the contrary, it is an opportunity to buy more. You can't create or print gold but you can print infinite cash.
Gold has so many in common with bitcoin. You just can't create them because the supply is limited. If you want them, you have to mine them. (or buy them)
If you are going to hold your money at least 5 years. You don't wanna keep them in the banks. This is one thing i am sure of.
You only need cash when you are going to buy something. That's why i hold cash if i plan to buy something in 2-4 years.
