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RE: Is Bitcoin Really Stealing Demand For Gold? Here Is Goldman's Answer

in #bitcoin7 years ago

At this point, I dont think Bitcoin took anything from the gold market. But that wont be the case in a few years. Gold people are ideologues who firmly believe in the asset despite it under performing.

Gold is still down 33% from its high and that was years ago. People like Schiff have called for $5K gold for 7 years now. How is that working out?