it has been clear that i, so far, made a good decision to sell all my silver and most of my gold last year and put it into Bitcoin.
I do not think the minuscule Bitcoin market is large enough yet to draw any reliable correlations; but if the market were larger and the capital pools deep enough I could see the current inverse relationship between Bitcoin and gold maintained. Currently, in the universe of finance Bitcoin barely registers as a few atoms. But $3m+/day in volume over the past few days with such volatility is very encouraging for its future.
This
proposed rule by the FDIC could have huge implications for the gold price.
mind explaining what this means?
So, when it comes to preserving wealth gold is it. Nevertheless, I think Bitcoin has been an is going to be a great speculative and wealth transfer play.
you know what they say about great investments; you gotta make them when no one else sees it.