So is bitcoin really now more valuable than gold now? You might need to ask a philosopher. All I know is that people sure seem to be willing to pay a lot for it at the moment.
I’m not against junk, it has its place. If you’re one that collects change in a jar or coffee can and then cashes them in ever 6 or 8 months, do yourself a favor and take 20 minutes and see if you’ve got any Pre 1970 and especially pre 1965 coins. If you do, you just hit a little jackpot.
The future is an uncertain place, however one thing is absolutely certain. The current economic system can’t function as it is, for a lot longer.
Over the past few days, I have been looking hard at the miners and shaking my head at the beatings they’ve endured recently. Some truly wonderful mining and streaming operations, have had their stocks cut to the bone. It’s crazy. I think we could very well be looking at at least a nice bounce in the mining area.
Back in 2001 China was allowed into the world trade organization. As far as I was concerned, this was inevitable. China had become the manufacturing arm of the world. They were growing in leaps and bounds, and we were sending trillions of dollars into their economy.
But as time went on and I got older and maybe wiser by a brain cell or two, I started to see silver in a whole different light. By the time 2007 rolled around, and I had spent a few years “looking into this stuff,” my opinion swung 180 degrees. I still don’t much like it for jewelry, but that’s the mechanic side of me talking. When properly polished, it has its own form of warmth that I can indeed appreciate. It can look quite nice, as long as you keep the tarnish away.