Post
Topic
Board Economics
Re: Bitcoin or Gold? What would you pick?
by
deisik
on 19/06/2015, 10:29:37 UTC
You've been warned. And I have not been wrong since I started following Armstrong some years ago.

Martin Armstrong? The guy who was accused of running a $3 billion Ponzi scheme, faced prosecution for fraud, then pleaded guilty, and who spent 11 years in prison? I guess you should be more picky in choosing your prophets

Nevertheless...

Quote
Gold rises when people lose confidence in government.  It has nothing to do with inflation.  So, when you start to worry about government is not going to survive or who’s going to win, that’s when gold rises.  Short term, we still have the risk of it going under $1,000 per ounce.  It’s going to flip when everything is right. It will probably max out at $5,000 per ounce. . . . You are really talking about a major reset coming.  300 years ago, that was the revolutions against monarchy.  Today, it’s going to be revolution against . . . pretend democracy.  We do not have a democracy