Title: Rickards: Why Gold Is Going To $10,000 Source:
[None] URL Source:https://www.youtube.com/watch?v=70xBQ2lL_pE Published:Mar 15, 2016 Author:Hedgeye Post Date:2019-04-23 20:28:09 by BTP Holdings Keywords:None Views:1254 Comments:11
Bestselling author Jim Rickards sits down with Hedgeye CEO Keith McCullough to discuss his new book “The New Case for Gold” and why a cocktail of factors makes it more critical than ever for investors to protect their portfolios with gold.
I know a girl who is into the digital currencies. She made some money on it a couple of years ago. Now she is trying to get back into it. She is pretty sharp about it all, but I do not know a thing about it.
If I can't gold it in my hand it is worthless to me. Plus it could all disappear in an instant.
Look what happened to Bitcoin when China and Brazil put controls on it. It lost 20% overnight. ;)
BitCoin, and others scares the crap out of me. Sorry, Pin.
It's been around for almost 10 years and in that time has done a reverse Zimbabwe dollar.
The first official bitcoin purchase was for 2 pizzas. Cost: 10,000 bitcoin, which is worth $55 million today, or over $200 million at the Dec 2017 peak. Granted, I believe they were *large* pizzas, and also had extra toppings to boot, so it wasn't a total ripoff.
Doing crypto requires a different mindset from traditional investing. And it does seem to be on a rebound at the moment with prices around the 5400-5500 range. If it follows historical patterns it won't be this low again, the next peak could see it go to $50k or more.
I have bought crypto but I've never sold it for USD or any paper fiat. I did by a shirt once with Bitcoin Cash though, while at the beach last year. That was cool to do.
Other than that, I will trade crypto for other crypto and have made good % gains doing that, like maybe 20% on a round trip trade such as Bitcoin cash -> Bitcoin -> Bitcoin Cash.
If you want to give the middle finger to a dominating world gov, nothing does it quite like crypto currency.
My advice to anyone is to stick to the 4-6 major crypto currencies and don't bother touching any of the hundreds of alt coins out there.