Gold: 3 Reasons It’s Like Bitcoin

April 28, 2013 in Bitcoin, Gold, Gold Bullion, Investing, Precious Metals

Putting real value on the precious metal is a hard case

Apr 28, 2013, 9:00 am EDT  |  By Traders Reserve (

The power of fear is amazing to me.

For the most part, otherwise sane individuals will do all sorts of crazy things once things become a little bit dicey.

Want proof? Look no further than the gold market. How else can you explain the massive move in an otherwise worthless metal over the last decade?

If you are honest, ask yourself what real utility is there for gold?

Don’t recite what the so-called analysts or experts will tell you about gold being the only real currency in the world (it is not). Those folks will tell you that gold is the only thing that will protect you and your family when things go horribly wrong (fear mongering).

Really, what do you think the world is going to be like if things do really go horribly wrong? I highly doubt that gold bar will get you much if chaos truly takes hold.

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