Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The penny finally dropping with major gold bugs like SD Metals and Mike Baloney that Gold has a problem with travelling through wires and has therefore lost its tenet monetary property
Just to clarify what "tenet" of Gold's properties I was referring to there...
(Sorry Mike. Loved your videos. The theory's perfect, you just identified the wrong asset. EVIDENCE: Physical Gold is over-levered >300:1 by its electronic counterpart and will remain so due to problems with "portability". Imagine if it was still a bearer instrument like Bitcoin. You'd be looking at > $quarter of a million per ounce by now).