Post
Topic
Board Bitcoin Discussion
Re: Bitcoin or gold? Maybe both at the same time
by
HarryFlashman
on 12/11/2017, 14:22:36 UTC
Senin I like your explanation. That is kind of in line what I was thinking. I see that gold is flat for long time but watching Youtube videos it looks like it will move up soon. Saudi Arabia and other OPEC countries don't want petrodollar and will sell oil for Yuan or Euro, 20+ Trillion US debt. There is now petro yuan backed up by gold. Also Russia and China hoarding gold. As countries dump USD it will cause drop in value. Besides that Fed prints money day and night for last 9 years. Everybody and his dog knows that leads to hyperinflation. Gold will rule in inter countries trade.

I am also wondering what will happen to BTC when USD goes down the pooper? Exchanging 20% - 30% of BTC for gold sounds like good insurance policy.