iBankCoin

Gold is Money

So what’s the problem with gold? You don’t like it because it doesn’t keep pace with the $SPY? Are you fucking retarded? The market is a broad spectrum of risk and the one place inside of that market that has withstood the test of time, thousands of years, you take umbrage with.

Firstly, let me tell you now that I am not a “gold bug”. However, look at it and tell me how this is bad: NEW and FRESH highs.

We are currently presiding over the complete denigration of the national currency. People have tossed themselves into the $BTC mill and got themselves ground up in recent months. Meanwhile, assets from Ancient Rome are increasing in value on a daily basis.

I did some analysis on this subject and the best bet is inexorably the biggest company: $NEM. It has outpaced the price of gold and most of the other major minors. You could delve into the junior minors; but there is a risk reward dynamic at play there and why bother?

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One comment

  1. soupbone

    Gold and all commodities have underperformed stocks for decades.

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