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RE: Is bitcoin a bubble and is gold about to crash
The prices of gold and silver are suppressed to protect the dollar. The paper markets sell 100 or 200 shares of paper gold and silver for every ounce that actually exist. Based on US dollar creation silver should cost $817 an ounce and gold should cost $6746 an ounce. Check it out at
http://www.usdebtclock.org/gold-precious-metals.html
Is Bitcoin in a bubble? It looks that way. Could it still experience exponential growth and reach $50,000? I think it could. I think there's still money to be made by people who get in now and get out at the right time later.
In terms of Bitcoin, it has risen so much I personally think if one hasn't gotten in, then look somewhere else. There will be other opportunities in other investments. I personally think those money creation stories are just that stories, gold isn't just monetary in my opinion, its also a reflection on the confidence in the US economy. Money creation occurred in the 90's meanwhile gold was in a viscous bear market. I believe over time gold can catch up like it did the next decade, but inevitable doesn't mean imminent. I think over the next 10 years Silver will break $100, just not this year or next. Thanks for your comments. Thanks for showing me the debt clock.