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Gold vs. Bitcoin - Is Gold a dead investment ?
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Thanks for sharing GMM for sharing. With the recent rapid rise in Bitcoin and other crypto currencies traders are starting to question the foundation of these currencies because the are not backed by any hard assets like gold. Some prefer the USD and call these new instruments fake and hokum and view them as a passing fad. Lets not forget that former President Nixon uncoupled the USD from Gold with the Bretton-Woods Accord and now the USD floats on the "good faith" of the USA government and treasury alone. So which is more Hokum and Smoke and mirrors? Gold by itself is the standard bearer of safety in these markets, while the Bitcoin and others point to the future of financial settlements with blockchain technology. Technology moves at the speed of light in our time and money that is digitized should and obviously does move the same hence the explosion of prices and volatility in these markets. Gold is good but the possibility of the future of money represented by Bitcoin is far more exciting and appealing for the next generation of traders. just my 2 cent enjoy
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