Almost everyone is now following The Gold Enthusiast’s lead from last month and saying Bitcoin is taking interest away from gold. No matter how you slice it, people are still interested in gold. The real questions are whether that interest translates into buys, and when.
Your Gold Enthusiast thinks yes, but not soon. We may have to wait until there’s a shock to the Bitcoin system, or a correction in the stock market, before we see anything like a flood of money coming into gold.
Today’s feature article pretty much echoes The Gold Enthusiast’s current view.