[2015-11-25] DCEBrief - Bitcoin Crushing Gold & Silver Over the Last 5 years

[Chase]

Investors take note.


Op-Ed: Has Anyone Noticed Bitcoin’s Value Crushing Gold & Silver Over the Last 5 Years?

‘Just buy gold!’

‘The place to put your money is silver!’

"How many times have you heard it over the last five years? It is like a mantra in any modern financial circle, from Bloomberg LP, to MSNBC, to Fox Business. I used to work at a major financial firm in New York, and it was all about gold and silver futures, trusts, funds. If you want to sound economically intelligent, just use those two sentences at the top, rinse, and repeat. Was it all just bad information? If you look at the hard numbers, not only has the advice not panned out, but Bitcoin has been the winner no one saw coming, and no one will admit they missed it."

Read the full story:  http://dcebrief.com/op-ed-has-anyone-noticed-bitcoins-value-crushing-gold-silver-over-last-5-years/

[Chef Ramsay]

There's big money in selling the markup and shipping of precious metals and usually the clientele of these metals are of a certain ideology that only these are real money. I have metals but have way more money in bitcoin as it's more than just a currency to me.

[botany]

If you go back to analysts and ask them for advice again - they will still pick gold / silver over Bitcoin.
If you shorten the time frame from 5 years to 2 years, then all this analysis goes out of the window.