@Strawman , you will love this, looks like Alan Kohler has been turned... in his weekend brief while explaining the Silver crash he said this (with a little context):
But even if you invest in physical gold and silver bars as "safe havens" and put them in your safe or a deposit box somewhere, the price - and therefore the "safety" of that investment - is determined by speculators, not other buyers of physical metal. The market in gold and silver derivatives - both spot and futures - is thousands of times larger than the market for the metals and that's when the price determination takes place.
In other words, gold and silver are as speculative as Bitcoin.
In my view, the only safe haven investment is a well-run company or a piece of necessary infrastructure like an airport, a road, or an electricity generator, and even then, you can't stop them from being taken over by idiots or over-ambitious types who borrow too much and wipe out your equity.
Which is why it also needs to be liquid, so you can run away.
Do you guys have opinions on gold versus Bitcoin over the next 12 months?
I don’t have a dog in this fight. I’m not invested in either gold or Bitcoin but I do find it interesting that gold has risen over the past year while Bitcoin has declined. That divergence feels worth examining.
Gold’s recent strength seems at least partly driven by increased buying from governments and central banks. There’s been a noticeable trend of countries adding gold to their reserves, which naturally puts upward pressure on prices. Whether this is about hedging against inflation, reducing reliance on the dollar, or broader geopolitical concerns is up for debate.
Bitcoin, on the other hand, raises a different set of questions. Is there a point where Bitcoin falls so much that it triggers its own kind of crisis, not just in price. Volatility has always been part of Bitcoin’s story, so sharp declines aren’t new, but the scale and context still matter.
Take Michael Saylor and MicroStrategy (MSTR) as an example. Their average Bitcoin purchase price is reportedly around $72,000. In theory, Saylor could continue raising capital and buying more Bitcoin, but that strategy isn’t without risk, especially if prices remain depressed for an extended period.
None of this is to say Bitcoin is “done.” Volatility has always been part of Bitcoin. Still, the contrast between gold’s steady rise and Bitcoin’s pullback over the last 12 months makes for an interesting comparison, especially when thinking about risk, adoption, and investor psychology going forward.
Looks like BTC may already be hitting one of those resistance levels you mentioned in an early post @tomsmithidg
Someone close to me just texted me about bitcoin.
i responded about stocks being in the red too….
but then he goes yeah, but bitcoins different than stocks…what about the threat of quantum computing…..lol
#speechless
what a spectacular time to buy….