Quote:
Originally Posted by GGG
Ignoring the industrial applications of it which the price does not support it is about as useful as a purple rock.
Gold itself may be real but the current value of gold is based substantially on it being a hedge against paper money. It that sense a Bit Coin is equivalent.
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As the 2008 financial crisis continues to fade through time, gold is probably in for a long fall because, as you say, it doesn't really have a supply/demand reason for it being where it is.
"Forever" is a long time to be riding those coattails.
Cowperson