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RE: Gold Bugs Really Need To Wake Up

in #life8 years ago

Nice article. I'm a fairly young guy and a friend of mine who is also my age (30) got me into gold and introduced me to bitcoin (he was not an advocate). I just yesterday reallocated my portfolio to 75% crypto and 25% metals. There just isn't enough gold and silver to go around and store in everyone's homes. People will learn to slowly not trust banks anymore, especially with the blockchain decentralization. Everything is becoming digital and slowly, more and more of the older generation and becoming tech savvy.

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It is good to have both crypto and precious metals and very prudent. I was just getting tired of hearing so many gold bugs suggest gold is the only option we have for sound money. I don't believe gold will ever be abandoned as money nor should it, just that gold standards suck and would force us back to 'trusting' others and the scam would just repeat again. We can use cryptos for that now and they are a lot more versatile.

Thanks for posting. :)

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