Gold really collapsing. Bitcoin UP.
Are you sure? Because losing 5% in one month is not what I call collapsing.
Well, given I made this post on 8/9/11, Gold: I Smell a Trap, I think I've earned the right to say "yeah, I'm sure".
Well, will you look at that. Nice timing. Do you still hold a single ounce of gold or are you 100% BTC in the BTC/GLD pair?
Sold all the silver and most of the gold. Still retain 2 sleeves of gold coins but that's it. Bitcoin is the future.
I keep offering to sell those 2 sleeves to all the gold bugs who stop by every once in a while claiming they're worth $30000/oz for a mere $15000/oz but not a one of them take me up on the deal.
Haha
I am pretty much in the same situation. I sold most of my gold in early 2013 but rebought some in mid 2014.
Gold is still very nice to balance a portfolio of Stocks and Bonds, unlike BTC it is directly negatively correlated to those.