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  • Jeff Berwick Of The Dollar Vigilante: Bitcoins For Transactions & Gold For Preserving Wealth GLD, MUX, TNR.v, GDX 0 comments
    Dec 2, 2013 12:49 PM | about stocks: ABX, TRRXF, MUX, GDX, GG, GLD, SLV, NEM, RGLD, AUY, SLW, FCX, RIO, BHP, TCK, VALE, SSRI, PAAS, NG, KGC, EGO, GDXJ, FXI, CU, BVN, PPP, GORO, ASM, HL, FB, TWTR, CSCO, IBM, GOOG, YHOO

    Watch the video:

     

    Jeff Berwick of The Dollar Vigilante: Bitcoins for Transactions & Gold for Preserving Wealth GLD, MUX, TNR.v, GDX

    We have another view on the recent stage of development of the financial system and Bitcoin and Gold place in it. The more we study Bitcoin phenomena - the more we are very positively surprised how many people understand the deeply fraudulent fractional reserve banking system based on FIAT.

    Bitcoin is disrupting the System from within, challenging proposed Capital Controls and show appetite for FIAT alternatives. Now it is in a bubble stage - in our opinion - and whether it will survive its rise and crash remains to be seen. But it will definitely pave the way for the new monetary systems to be implemented in the future.

     

    After Reaching Parity With Gold Bitcoin's Success Is Putting It Under Growing Strain GLD, MUX, TNR.v, GDX

    "We are searching answers whether Bitcoin is Gold 2.0 or just Dotcom Bubble 2.0 all over again. You know our take already, now Economist weights in with its opinion. And do not forget, please, if you were not the one left holding the bag after the Dotcom Crash, we are all benefiting from Internet revolution now. Just Do Not hold the bag this time.

    Idea of Goldcoin crypro-currency based on Gold held in Vaults in Singapore, Hong Kong, Switzerland and clearing House in London can be Very elegant solution to the US Dollar hangover after QE abuse."

     

    Gold Manipulation - Kissinger: "Why is it against our interest to have gold in the system?" GLD, MUX, TNR.v, GDX

    "We continue our research about the Gold price suppression: who is doing this manipulation and why. With Bitcoin crossing $1000 and other crypto-currencies going parabolic we can see the hunger for the FIAT alternatives. We think that despite all very positive developments introduced by Bitcoin it is in a Bubble stage now due to its unbelievable vertical rise. Its bust will bring attention back to Gold and Silver and next step will be the introduction of crypto-currency backed by Gold - it will be the real game changer.

    So far China is using all these games with Gold price suppression to accumulate Gold and this year we see the record buying. Announcement of its Gold reserves can bring the very sobering reality to the financial markets. China will not accept Bitcoin for its Treasury redemption and it is not going to increase its reserve holding any more. US Dollar is losing its Reserve Currency of choice status and all recent "flyover games" just confirm U.S. financial vulnerability in line with Sirya and Iran developments."

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