Month: February 2021

Morning Porridge/Bill Blain/2-11-2021

“Yes… Buttcoin is terribly clever. Yes… it might replace fiat currencies if fiat currencies collapse – but so could cowrie shells. I think if you end up stuck in a desert and arrive at the proverbial oasis, the proprietor will sell the last bottle of water to the traveler with the gold bar rather than the one brandishing a crypto-wallet.”

USAGOLD note:  That is about as candidly and bluntly as it can be said …… Blain once again cuts to the core in this lengthy piece on the current speculative excesses.

The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.

Financial Times/Rana Foroohar/2-14-2021

“Bitcoin isn’t so much a bubble as ‘the last functioning fire alarm’ warning us of some very big geopolitical changes ahead. I agree. Central bankers have over the past 10 years (or the last few decades, depending on where you put the marker) quashed price discovery in markets with low interest rates and quantitative easing.”

USAGOLD note: We do not post the link to this article to boost bitcoin but because it frames so well what Foroohar calls “a new world order” wherein the dollar diminishes in stature. She sees bitcoin as the “canary in the coal mine” with some in the investor community believing the United States “will eventually come in some ways to resemble Weimar Germany.” Foroohar says none of this makes her want to own bitcoin.

The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.