With all the inflation going on, why isn't gold at $6k? It should at least be at $6k or more. We need to be In a gold standard, there would be more accountability and less debt. The economy we have now is artificial, not based in reality. Everything is pumped up to keep the falsehoods going. Once we open our eyes and use common sense, the whole system will be reset to real value.

@patienceobongo

2 жыл бұрын

ETFs

I agree with Larry that CPI will stay high until the end of the year. BUT the PCE, which stupidly and conveniently for the fed, excludes food and energy, could actually go down in that time frame. The fed will of course claim victory at that point, when in fact all they have done is force people to only spend on food and energy, leaving nothing left over to spend on anything else.

One of the best interviews of the channel. He answers with shorts and technical arguments.

@vincentyeo88

2 жыл бұрын

Maybe he does not require his students to submit lengthy term papers for his courses.

Gold hasn't 'done its job'. In reality, inflation is somewhere between 16%-20% and growing, while gold is dropping. It's not a disaster for gold, but it's not fully doing its job yet. I still believe it will perform when everything falls apart, but it's not performing now.

@lylahthompson2169

2 жыл бұрын

I'm stacking every month - only buying Junk Silver pre 1965 US Dimes, Quarters and Half Dollars. I'm a Grandmother and my ownership of Silver and Gold will be given to my Children and Grandchildren so they will have some real wealth when the system finally collapses - eventually we will run out of physical Silver. I'm also accumulating Platinum - the 2nd most Undervalued Asset on the Planet

@mialangley2388

2 жыл бұрын

@Elizabeth Mcclain The Fed cannot allow gold to rise because that makes it too evident the dollar is worthless. I want to make good use of the pay by focusing on other invstment areas Please how can i connect to Katherine?

@johnelder9453

2 жыл бұрын

couldn't be the bullion bank manipulation? could it?

@seankennedy4284

2 жыл бұрын

Flight to cash / liquidity in anticipation of tighter interest rate environment. Plus, long-running gold market manipulation.

@BillyHannon14

2 жыл бұрын

Gold is being manipulated.

Gold is the currency of kings, silver is the currency of gentlemen, credit is the currency of peasants, and debt is the currency of slaves !

@James-il3tq

2 жыл бұрын

Debt is the currency of governments, central banks and ponzi schemes.

@quant2011

2 жыл бұрын

But slaves looove debt!

@joeblowe7545

2 жыл бұрын

@@quant2011 This is true. The majority of my fellow Americans are in debt. Most have less than $1000 in savings. It's astonishing. This whole damn economy has been built by Americans who have been strongly encouraged to spend themselves into poverty. It's now time for severe pain. People can only blame themselves.

@wouter1602

2 жыл бұрын

And Bitcoin is money from the 21st Century

@joeblowe7545

2 жыл бұрын

@@wouter1602 Nah. The Bit-CON ponzi will spectacularly fail soon enough.

One of the things I appreciate about David Lin, is that he (or the Kitco support team) bring on new and interesting guests with new perspectives. David is also arguably one of the best gold/finance media hosts out there. Very well researched and incisive interviews. As he learns, we his audience, learn too.

"It's the money supply stupid"! Prof Hanke would be proud!

Of course we don't need a central bank, THEY need a central bank!

@James-il3tq

2 жыл бұрын

As a means of wealth transfer from poor and Middle class to top 0.1%. Means of this is the Cantillon effect which simplified means those closest to the money printer (elites and politicians) get most of the money. Hence why governments keep spending unprecedented amounts of unfunded money claiming to "support" people. Ultimately it's societies fault for allowing and voting for this. This has happened many times throughout history.

@brianb6957

2 жыл бұрын

@@James-il3tq Nailed it!

US gold supply has not been audited 09-23-1974. I believe it is full of cob webs, not gold.

@mcamcay

2 жыл бұрын

right... they have none.. that's why

@craigcolbourn8351

2 жыл бұрын

Right, and those cob webs are Missiles.

@lara46821

2 жыл бұрын

before we can go back to any kind of gold/ crypto or fiat standard. I think we need the implosion in the debt market first

Thanks David Brilliant information Brilliant Gest. Thumb UP 👍👍👍

This is a very smart man. Thank you for having him on. Alas, liberal governments will probably not return to a gold standard as it imposes too much financial discipline. We can always hope though. The gold price will rise in any case, or actually, it’s price in fiat currencies will rise as fiat value decreases through printing.

@James-il3tq

2 жыл бұрын

Governments and central banks can will not return to gold/commodity standard or move to Bitcoin standard by choice. Eventually when society loses faith in its FIAT currency that's when governments will have no choice but to change/revert to a new standard that enough people have faith in.

@lara46821

2 жыл бұрын

before we can go back to any kind of gold ,crypto or fiat standard. I think we need the implosion in the debt market first

@DIYDaveT

2 жыл бұрын

Liberal governments are dying by their own hand. Not because they want to but because their policies are ultimately self destructive just like all things liberal.

@radvladdy

2 жыл бұрын

Or they will thinking people are stupid enough to trust them again.

Awesome interview ! Great questioning 👍🏻

excellent guest!

Bitcoin it's Not Money. only last year Bitcoin went up to 65.000 dollars then went down to 52.000 dollars down to 41.000 down to 31 and down to 27 800 dollars THIS is NOT STORE OF VALUE. So it's Not Money 👎👎

@kevalan1042

2 жыл бұрын

how large a volatility would you say is the limit for a store of value?

@rogerburn5132

2 жыл бұрын

@@kevalan1042 Look today Bitcoin even worse. 23.633 dollars how bad is that. Always choose Gold

"A gold standard would not require a central bank". Quite revealing!

@Yzwissac

2 жыл бұрын

God-given half-decentralized currency for the human kind! Yes, Gold!

@patienceobongo

2 жыл бұрын

Yes, that has stared one World War

Highly informative interview.

Love this. Thanks

Great interview

GOLD….is the Original Money!

@hobo1704

2 жыл бұрын

So were rocks and shells.. get with the times champ

Very informative interview... interesting prospective on currency

Excellent professor!!

David, you have come far in your role since you started months ago. You have grown. I am glad to see this. Now, David, I ask you to mature. Your mature guest moved in the conversation to adjust for you repeating your question. He adjusted for this. He moved the conversation forward in adequate manner. He is mature. David, I look forward to see this maturity in you. Firstly, relax. Relax David. Excellent growth David. Excellent.

@1philliph

2 жыл бұрын

He's doing fine. Don't change a thing David

Excellent guest

before we can go back to any kind of gold standard. I think we need the implosion in the debt market first

“Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.” Henry Kissinger

@TheCJUN

2 жыл бұрын

Two out of three for Russia.

@CM-fx1tp

2 жыл бұрын

If we return to gold standard ... then money will be bound to resources (gold) that is bound to energy. So then will be three out of three for Russia. Gold standard is good for the elite and the elite only. We should not fall for this error.

If you have a gold standard you have constraints which has to involve the will of the people on how the government creates and spends the money.

@mattmurphy8288

2 жыл бұрын

And we can’t have the filthy masses standing in the way of Government… now can we?

Gold > Bitcoin > Fiat

In terms of free banking, we can all be our own bank with bitcoin and we don't have to do a fractional reserve. You can settle the underlying, which is infinitely divisible. We don't need collectivists running our monetary policy. Let's have monetary policies compete on the open market. People will choose the hardest and most secure.

This is David's best haircut in the past 3 years.

bitcon is NOT money not any kind of gold how many cell phones or computers can you make with an OZ of bitcoin ?? How many cell phones or computers do you need to make 1 bit coin ...

@kevalan1042

2 жыл бұрын

which property of money are you referring to here? Physicality?

You missed one attribute - money needs to have intrinsic value

well said Larry

Good content. A sensible informed discussion of gold standards is a rare thing indeed.

Yes!

The first central bank in America was the. First bank of the United States in philadelphia chartered for twenty years from Dec.12 1791 - 1811 then was voted not to renew the charter and disbanded along with all of its franchisees.

GOLD IS YOUR VERY PRIVAT OWN BANK!

I don’t quite understand why deflation would be a bad thing, but I like this guy. He is an older guy, and an academic who seems to understand crypto. I like that lol

He didn't mention silver in addition to gold as money. I suppose silver money would create more banking services to regulate coinage.

Seems as if the world has switched to a military standard. Perhaps a petrol standard as well. Those two hard assets have more velocity than gold it appears, in this moment in time.

@damiangrouse4564

2 жыл бұрын

Yes carrier battle groups have an investment value all their own.

@James-il3tq

2 жыл бұрын

Good point. Weapons are used (primarily by US since WW2) to force countries to use their currency (through force or by offering protection). Oil is energy and energy is life (as well stated by Doomberg). Meanwhile many governments around the world shutting down energy production by design (which increases poverty, inflation and ultimately crime and death). There are those who would say such insane policies in place these days could only be support by our friends at the WEF who support a reduction in population.

Ummm Im a Landlord. I would love the rent money to be paid in Bitcoin

@user-dy2ok6km2u

2 жыл бұрын

I will take silver

Bitcoin has better and many other uses than servicing dissident groups, like banking the unbanked. Yes, I can turn Bitcoin into dollars to pay my rent.

@joeblowe7545

2 жыл бұрын

True, you can. However, at any given moment there can be (as you've seen these last few months) a very volatile change in value of BTC. So, there will always be a loser in these types of transactions. It's not a stable form of exchange. Bit-CON will never be a widely accepted means of exchange - PERIOD.

@betterdays7613

2 жыл бұрын

@@joeblowe7545 good points, however Bitcoin programming should make for some interesting pricing in the future. If payment systems like strike and the lightening network grow then the alternatives to cash and Trad banking will grow. The SEC will make there ruling on Bitcoin which should steer towards a property right . FED QE will have to save the markets again as the FED continues to add balls to its juggling act. Alternatives like Bitcoin will attract participants as confidence outside the inflating dollar continues.

@itsnowornever6119

2 жыл бұрын

Yes, but can you Pop into your local supermarket and buy a pint of milk with your crypto currency, I don't think so now or ever

@user-kc1ci8jg2d

2 жыл бұрын

Rent 500 bucks cost to pay rent 1000= 1500, will never be a form of payment. Mr Saylor is brain washing and everyone. Only real digital assets that are fast an cost less than a penny work. Lightning network is a scam. So many will get wrecked, oh well be a lifelong lesson

@betterdays7613

2 жыл бұрын

@@user-kc1ci8jg2d thanks for figuring it all out

Clever man

Am I the only one who thought David say the speaker specializes in ‘free basing’???

GOLD MAKE YOU SLEEP GOOD 👍

You missed the bigger questions concerning gold this not just about gold and its not just about the dollar it is the difference of freedom ( GOLD) and enslavement( FIAT) and lawful Jurisdiction ( COMMON LAW) under Gold as opposed to legal jurisdiction ( UCC) under fiat.

Thank you David and Mr. Larry an insightful discussion. Very interesting perspectives. Despite the value of resolve, the players in the Federal Reserve System and politicians elect and appointed throughout Washington D.C. will undoubtedly argue to anything challengiing their delusionary view from the bridge of the RMS Titanic. Maybe the fog will make them go away. In the meantime, let's go get a double-quater pounder with Cheese, a Mcflurry, and binge our transitory depression away!

GOLD IS SHINING ALWAYS at You…👌…as long as you holding it!

Хорошо

GOLD IS THE YOUR MOBILE ASSETS!

This dude has more diplomas than a roll of paper has sheets 😳

Is gold currently serving as a medium of exchange? Can I go to the market with a gold bullion and buy goods or pay my landlord with gold?

having humans manage monetary supply is a bad idea. we need decentralized ledger

@Jbrandon77

2 жыл бұрын

Agreed! Humans to easilty fall to corrupt

@vincentyeo88

2 жыл бұрын

Good, let all those cocky central bankers lose their jobs.

The 2% inflation is inflation of gold mined every year.

@klauskarpfen9039

2 жыл бұрын

This guy Larry is somewhat clueless for a guy to pretend he knows so much that he should write a book on it.

I can’t wrap my small brain around going back is best for going forward.. Could someone sum up eloquently the “long in imagining” a gold standard negatives? Some great points in the video but maybe more on - how technology being a deflationary force effecting all things - why exactly governments choosing to go off a gold standard and why they would never go back- The oldest generations still wanting to live like the “old days”- TRUST and VERIFICATION- Gold being worshipped throughout many cultures complicating its value and money proposition also as Gold used as a commodity- Why the Petrodollar worked up until months ago.. The Gold guys being concerned about control? Sovereignty? Hypocrisy of still needing some centralized system in place and hopes and dreams of everyone playing by the rules.. Bitcoin is not in this fiat monetary system it is a parallel system, is gold? Cheers

@ironwithinironwithout1119

2 жыл бұрын

Bitcoin is the only answer. Everyone will realize this eventually.

I am 57 years old and have never made a transaction in gold or silver, besides buying it from a dealer. Bitcoin on the other hand, is far easier to store and to transfer….it has to be the future!

@vincentyeo88

2 жыл бұрын

Right, in the near future, you will hold nothing in your hand and you will be happy.

Gold = DC Direct current constant stable standard Fiat = AC Alternating up and down unstable irregular

I hold gold and have done for years but only a fool would ignore Bitcoin with its astronomical growth in both % value and adoption.

@ernestochaparro8751

2 жыл бұрын

Exactly for that reason Bitcoin it's not a safe haven asset .

@lamarravery4094

2 жыл бұрын

Only fools think bitcoin is money. Very volatile speculative crap.

@hobo1704

2 жыл бұрын

@@ernestochaparro8751 yeah that makes sense 🙄 WTF

@patienceobongo

2 жыл бұрын

Its just speculation based on currency printing. You mayvas well bet on greyhounds

Government is not there to control the economy. The problem is that their control efforts focus on getting re-elected, not sound management.

Great content, thank you.

If you look at the purchasing power of the USD before the Fed was created you would see that it functioned in a range of purchasing power and was stable within that range unlike since the Federal reserve has been incharge the Dollar has been stablelizing downward since its inception. IT IS THE PRINTING OF CURRENCY NOT BACKED BY ANYTHING OF REAL VALUE THAT IS INFLATION AND THE RESULTING INCREASED IN PRICES IS THE RESULT.

If only there was an OPTION that didn't require a government to manage our money supply.... Why are intellectuals still ignorantly discussing gold standards... that was fine when an analog store of value was the best option we had, but 100% of the time, gold standards get abused by the governments that implement them. Why did the governments of the past implement gold standards? Because the previous empire abused their gold standard and people stopped trusting the dominant government to manage money. FOR THE FIRST TIME IN THE HISTORY OF THE WORLD, we have an option to have a trust worthy form of money (which is always relevant in THIS phase of an empire / world reserve currency's decline) so it is obvious that the next world reserve is BITCOIN. There is no "harder" money than bitcoin and it is decentralized....on top of it being a digital store of value and having all benefits that the digital era entails, it is the clearest, best option going forward. This won't be relevant until you see the boom / bust cycles contract and become more rapid (they will be annually / monthly instead of 1-2 / decade). Eventually the dollar will fail and lose control the same way the # and the guilder did before. As an aside, its hilarious when Mr. White says landlords wont accept bitcoin. He should read some history on financial empires. When dollars start to fail, they lose money rapidly and people stop transacting with them. When one country destroys their currency, the people move to a more dominant one (Weinmar, Venezuela, etc - start using world reserves instead of their own). For example, the Canadian dollar will fail before the USD will and people will stop using canadian dollars for transactions - in preference for USD. Then USD will start to implode and people will only agree to other, more 'stable' assets (in relativity). Bitcoin is the most free money in the world ALREADY and eventually, it will be the most valuable. We are all on the titanic. Some realized the problem early and made plans immediately while others remained in denial. In the end, we will all agree on fiat being dead, but some will go down with the ship because they didn't look for the life boats earlier. The titanic always sinks and fiat always implodes.

@iamkaweh

2 жыл бұрын

Amen to that.

Spoken like gentleman and true pundit...

Fiat. :) because you can use it any where.

Fractional backing but never allow to audit that gold... but believe them.. they have the gold...right

@lara46821

2 жыл бұрын

before we can go back to any kind of gold standard. I think we need the implosion in the debt market first

Ok. But gold doesn't seem to be working as an inflation hedge. Why is that so ?

@kevalan1042

2 жыл бұрын

price is driven by 'paper gold', whose supply is vastly larger than physical gold. Absurd situation.

@danoneill2846

2 жыл бұрын

bit con is down OVER 50 % in the last 8 months or so WTF ....... gold is UP

@user-dy2ok6km2u

2 жыл бұрын

There maybe 60k paper oz of gold to each oz of physical A rising gold price is a signal of a failing currency

@danoneill2846

2 жыл бұрын

@@user-dy2ok6km2u and over 2 quadrillion $$$ in world wide debt

@danoneill2846

2 жыл бұрын

2,000 trillion $$$$$ +++

you wouldn't be able to wage long wars and maintain an empire on a gold standard. so that a no no.

Gold standards are in our constitution, gold is ultimate wealth

So cryptos backed by Gold. Thanks David good points and Questions.!Yes get rid of 3rd parties central Banks FED .

You just raise the price of gold when u need to print more money without getting it out of the ground first. I mean if we can play monopoly and make everyone rich with papper and since they allready suppress the gold price and manipulate it to there likeing then we can raise the price of gold when we need to also!

We need to have monetary stability to achieve ecological sustainability. Inflation drives a perpetual-growth economy. Gold could do this, but it lacks transparency and trust in the supply. Bitcoin is the way to go.

@danieldayan9336

2 жыл бұрын

Physical is the way to go in a fake digital GMO World 😇

End the Fed!

He is claiming that gold responds better to demand from the economy vis a vis Bitcoin. Well, if that is an argument Fiat responds even better. In actuality, prices of everything in Bitcoin would fall more dramatically than a gold standard and make goods cheaper.

I've heard a lot of weak arguments about btc as a standard and this just got its own trophy shelf.

@kevalan1042

2 жыл бұрын

how so?

@patienceobongo

2 жыл бұрын

You might be a billionaire in Bitcoin but thats not much use if there energy grid is hacked.

@kevalan1042

2 жыл бұрын

@@patienceobongo bitcoin doesn't disappear when the power is turned off, you just can't do transactions. But if you mean that the grid is down permanently, then indeed bitcoin won't do any good, but at that point we are in mad max

@justinpagelawrie

2 жыл бұрын

@@patienceobongo I'm not but we're all doomed if the energy grids are hacked.

@patienceobongo

2 жыл бұрын

@Mr Page. silver will the medium of exchange.

His voice sounds like Charles McGill

11.00 demonstrates stupidity. Hes admitting gold does not have a cap and increases in supply. Pretty sure that exactly why you dont want. Worse, you dont have any supply issues as its subdivisible.

Bs. There were 2 other central banks in our history. This guy is no doubt educated so why wouldn't he know this?

Gold for gold standard in modern times is non feasible. The nuclear power Countries can declare they hold whatever amount they like, who would dare to audit their true holdings.

@ursmalo3103

2 жыл бұрын

True, and nobody knows if the official issued fiat money amount is correct. A trillion more printed direct and unaccounted for the military - who cares?

Its so funny how Bitcoin and Gold Bugs want to get rid of Central Banking. Just imagine if gold and btc came together

@user-dy2ok6km2u

2 жыл бұрын

China will do it gold backed crypto

@hobo1704

2 жыл бұрын

One has an unknown supply, one doesn't. Good luck with that theory

We need Bitcoin standard!

The Convention of States could require the country go back on a gold standard.

A fixed supply of bitcoin is its advantage. People who save increase purchasing power. From the individual level, would you want greater purchasing power? The lack of supply increase means humans who hold the currency essentially participate in the increase of human productivity, rather than the cantillionnaires close to the money spigot. The guest makes it sound like we need to choose in a collective way the best money. He ignores the fact that over time THE MARKET selects the HARDEST money. And that is bitcoin.

The guy doesn't get that we had much more money printing in recent years yet inflation was much lower than today. The fact that it is a lot higher now is primarily due to the fall in supply. Of course it's easy to place the blame on money printing which of course had and is having a horrific effect but most of that inflation actually went into bonds, stocks and real estate. The inflation in the rest of the economy we are seeing now is a drop in the supply of goods. Only once the faith in central banks's ability to rescue us from this mess evaporates will the money printing inflation effect truly kick in.

@joeblowe7545

2 жыл бұрын

Umm...yeah. I think this guy knows a lot more than you do.

Bank issued money - been there didn't work out to well. This guy is a crank.

@James-il3tq

2 жыл бұрын

Worked out very well in USA during late 1800s of you do your research. We even had healthy deflation then too (another thing governments will tell you is bad). Free markets with free banking allow people to choose where to store their money. Banks that are fiscally responsible without overleveraging succeed. Others that over leverage and promise ridiculously high interest rates go bust. Free markets while not perfect have always been the best and most efficient solution including the most freedom for people to choose.

@tvogel1810

2 жыл бұрын

@@James-il3tq well I'm all for deflation but the late 1800's were dominated by the 1870's railroad crash it took thirty years ish to recover from that debacle. Actual bank issued money - not fractional reserve banking- was way earlier - the greenback was introduced for the civil war financing- and the bank issued money sucked generally. Read some books - I recommend Richard Vauges "A brief history of doom two hundred years of financial crisis"

@tvogel1810

2 жыл бұрын

@@James-il3tq As for your "Free Market" there can never be such a thing. Set aside government regulations. There will always be bad actors i.e. Madoff, Enron, WorldCom, bucket shops, etc and yes the market would flush them out - eventually - not till many citizens would be conned out of their wealth. Gov regulation has to be - ours sucks, yes it certainly does but I kinda think your idea sounds worse.

@tvogel1810

2 жыл бұрын

Apologize for the long rant.

Old man, old ideas

"Bitcoin isn't accepted practically anywhere" proceeds to talk about a mining city in Venezuela that uses gold flakes as medium of exchange.

Dahhhh Bitcoin is not a currency !!! It’s nothing yet come back in 87 years

During gold standard periods, there were massive inflation and deflation issues. Gold is not an option for a global economy to work. A nation like China would wind up with all the Gold and the rest of the world would suffer massive inflation.

@johnbutler3141

2 жыл бұрын

The rest of the world has suffered terribly at the hands of the US. They do not have any gold to speak off !!!!!!!!!!

@James-il3tq

2 жыл бұрын

US has most gold reserves on the world. China has massive issues with brutal demographics and headwinds with their central planning/communism that is facing big headwinds by its people. It's people last couple decades have accepted it as their standard of living has grown due to China entering Capitalism in the global economy. Gold while not perfect gas thousands of years of history showing it to be a stable store of value and means of exchange.

@peacefulprepper2402

2 жыл бұрын

@@johnbutler3141 That is why I do not think it will be tried. It would only lead to the exploitation of smaller nations.

bitcoin as money ? ask elon musk why he's no longer accepting bitcoin as payment for tesla cars...

@vTruongCuong

2 жыл бұрын

Does he accept gold for tesla car?

@SPDATA1

2 жыл бұрын

@@vTruongCuong He did...

they should use BTC as the backing for ETH with ETH being used as a CURRENCY

It's a bold statement to say that the US have enough gold if it is not properly and publicly counted for decades...

Gold is too many inconveniences, technically very inconvenient system, it failed with reasons, stupid people make the same mistake twice

@NicoProv

Жыл бұрын

Gold backed currency, not walking down the street with bricks of gold in your pocket.

David Lin, no matter how you want to imagine it, please remember bitcoin is imaginary currency. David, if you have 1000 people or 10 billion people gold can be worth 20 dollars an ounce or 200,000 dollars an ounce. You are thinking in a shortsighted way about gold and you can quit your imaginary thought processes on bitcoin which is an imaginary currency.

David lynn and kitco dont even like gold anymore they just swing from bitcoins nuts anymore and only want to talk about putting a failing piece of papper into an invisible online currency now. Like come on kitco you were suposed to be our channel for gold not wannabe currency's.

Well, that's questionable???!!! I'd rather bet on Russia & China. They should create a 'Yuan + Ruble' Gold Standard to avoid NATO shenanigans.

@James-il3tq

2 жыл бұрын

Russia could be an argument with gold and commodity backed currency. Communist China won't allow world to know how much gold they hold (let alone audit it). They also want countries to use their new digital currency which has zero privacy. China also has other major headwinds like worst demographics in the world. While US is destroying itself (like all reserve currency nations throughout history have) is still the prettiest pig at the ball.

Bitcoin will be the eventual winner. The market will decide this after people realize how superior it is as a form of money. However, it is still maturing and there is a fairly steep learning curve. It will take years. The argument against it being a good medium of exchange has been debunked, as people can have it auto-exchanged for their local type, or whichever currency they prefer.

@lamarravery4094

2 жыл бұрын

All right bitcoin cheerleader. It's all speculative, not real money.

@hobo1704

2 жыл бұрын

@@lamarravery4094 😂 another uneducated muppet that didn't get in early..

@patienceobongo

2 жыл бұрын

Its not a medium of exchange if you need to convert into FIAT.

@lamarravery4094

2 жыл бұрын

@@patienceobongo And why would you want fiat, you have the ultimate form of money, drum roll please... BITCOIN, yay!! That and the NFTs, who needs to live in reality?

@NicoProv

Жыл бұрын

God must have missed the bitcoin lecture from the bitcoin pros. He talked an awful lot about about gold and silver being his money. I'll stick with gold and silver for the solid choices.

That's amazing! This CLUELESS interviewer thinks that money printing (i.e MMT) is needed to prevent downturns and to allow governments to spend as much as they want??

The stupidity of the questions this reporter asks this guy shows that kitco will let anyone through. Seriously, ask better questions or move on.

Stop the bitcoin idiocy!

@agingchill9012

2 жыл бұрын

Tell these guys: Goldman Sachs Offers Bitcoin Backed Loans Fidelity offers 401(k) investors access to bitcoin Fidelity Crypto Industry and Digital Payments ETF (FDIG) Fidelity Metaverse ETF (FMET) Fidelity Advantage Bitcoin ETF Fund Blackrock Launches Blockchain ETF Buffett's Berkshire Hathaway recently invested about $1 billion in a crypto friendly Brazilian neobank

@hobo1704

2 жыл бұрын

Didn't get in earlier buddy or just ignorant AF?..

It seems like the professor for some reason thinks a plausible choice for 2022 is gold.. come on professor were not riding horses

@danoneill2846

2 жыл бұрын

yep computers & cell Phones takes gold silver & copper to make them ... you can't make anything with bit con

@toms8483

2 жыл бұрын

I tend to think that money will always need a physical representation, at least in part. Otherwise u dont really have value to store which is kinda important when determining if something is money. I think it's funny that the hodlers talk about the advancement in tech and gold is antiquated yet they believe the first real iteration of digital currency, BTC, will be the one to survive.

As far as bitcoin , blockchain and all the cryptos are wonderful technology , but we don't live in a vacuum and governments are inherently evil in my opinion , they want to create their own virtual currency , and will not let bitcoin and cryptos survive through laws and shenanigans

@ironwithinironwithout1119

2 жыл бұрын

Bitcoin cannot be stopped.