RE: Outlook for Gold...........3 Nov 2021 18:43
Hi Speedy, i still can not get my head around BTC or any of the cryptos and can never take over from gold as they are deflationary in that BTC is decreasing in the amount available, they need to be expanding like gold does as more is dug out of the ground. BTC has a problem with the energy consumed and in this day of age its a no no. My main concern is as i understand 1000 investors in crypto own 40% of them in total including BTC and that is rife for fixing the price anytime they want so today i bought queens beasts as Brits not available, some sovereigns and silver eagles 2021 new edition, nice to look at and increases my holdings, cant look or touch BTC so they can just disappear at the touch of a button, i think they will go to zero. You have to look at each coin and each block chain separately as they are all different and when a guy like Musk makes a crypto statement one man can move the market many times, not possible with gold, only a few % at a time. Just hope Musk cottons on to GGP now that would make a difference to the SP. Ciao DM