Quantcast
The Mesh Report – Why Digital Gold Won’t Ever Kill Off The Real Thing

Why Digital Gold Won’t Ever Kill Off The Real Thing

Mike Hammer March 9, 2017 Comments Off on Why Digital Gold Won’t Ever Kill Off The Real Thing

Last week Bitcoin became “just as valuable” as gold.  Or at least, that’s what Bitcoin proponents want you to believe.  Really what happened is the price of one Bitcoin equalled the price of one troy ounce of gold.  As any seasoned investor will tell you, price and value are two very different things.  Warren Buffett, for example, built one of the great financial empires in history by capitalizing on this truth.  And he left lots of comments in his “letters to investors” discussing it.  Arguing with the most successful people about what they do is a good sign of stupidity, and The Gold Enthusiast tries to avoid acting stupid. And so, on the topic of Bitcoin, The Gold Enthusiast will opine that while Bitcoin and its similars have a valuable place in the financial world, Bitcoin and gold have some fundamental differences, and aren’t equally valuable.  It’s easy to think up cases where either could carry a higher price.  So looking forward, let’s all think about how we might make some money off these – after all, that’s what smart investors and traders do for a living.  To help start this process, here’s a nice little article talking about the most obvious value points between Bitcoin and gold.

Read More At The Conversation



Comments are closed.

Copyright © 2017 - The Mesh Report. All rights reserved.