Quote:
Originally Posted by jscott
Gold is up, slow & steady, but also gold demand may be disrupted by Bitcoin. The word is spreading fast about "digital gold" & "digital scarcity", something that is more reliable than gold, and this begins the gold vs. Bitcoin argument  |
^^^^
This is why gold hasn't gone vertical imo. The money that would normally be flooding into gold right now is instead going into bitcoin.
Gold will still skyrocket this year, but not as fast or as far as bitcoin (this is my revised thinking. Keep in mind that many months ago I predicted that both assets would climb, but I was allocating 75% gold and 25% bitcoin. I've revised my thinking based on new information and now prefer BTC to gold).