@ r0ach and others who like gold. I have not had time to dig around and see what is happening at "street level" here. I do see some "Compro Oro" signs at stores, but not to the same degree as a few years ago when I saw them EVERYWHERE.
I read recently that in the USA that MANY have already sold all of their gold (family treasures, jewelry, etc.). I do not know how true that is, nor if the same is happening here in Italy (or France, next stop). Gold is held by very few in Peru (the SIXTH largest producer in the world, not even the Peruvian Central Bank holds much gold).
I read recently that in the USA that MANY have already sold all of their gold (family treasures, jewelry, etc.). I do not know how true that is, nor if the same is happening here in Italy (or France, next stop). Gold is held by very few in Peru (the SIXTH largest producer in the world, not even the Peruvian Central Bank holds much gold).
I prefer silver, but anyways, Anonymint is always rehashing the Armstrong view that gold and silver are a hedge against government. Metals are just as much front running the government since their plan of last resort is always revaluing metals as a kind of way of printing to the moon with far less chance of Zimbabwe wheelbarrow hyperinflation wiping out the system.
Also, if you look at volume numbers, it appears people in the west only buy metals when they are skyrocketing, while people in Asia buy them when they're low, so that explains what you see there. As for Sidhujag, he's pretty much hopeless along with the rest of the Ethereum/Cryptocurrency cult members:
In the future we will be sucking our entire sun energy to mine a tiny fraction of the already existing 21 mill of bitcoins, while a fleet of mining space ships will be dumping tons of fresh infinite precious metals in the market. 
This is basically the exact opposite of what will happen. Nobody will ever be building Dyson spheres to mine bitcoin because anyone with the power and funds to do such a thing can just as easily fork bitcoin and build a bigger buy side and you will witness bitcoin's reverse Schelling point in action. There is no real incentive for everyone to stay on the same chain and be enslaved by whoever managed to acquire more coins than you. Some will claim the network effect enforces this paradigm, but it obviously doesn't apply to bitcoin.
The network effect makes assumptions like infinite scalability, which bitcoin doesn't have, and that there would be some type of actual cost or roadblock in creating a competitor, but there's not. Network effect only works for gold and silver because a normal human is incapable of fabricating a new noble metal out of thin air. In that case it is not really network effect, more like forced convergence.