What's In Store For Precious Metals: Decrypting 2018
(Kitco News) - With the recent hysteria surrounding bitcoin – we have seen every single possible headline surrounding the crypto craze… Experts and analysts are trying to figure out whether it’s a bubble, or the future, or a momentary craze, while others are loving the ongoing bitcoin versus gold debate. Those who have no opinion on the matter are few and far between – heck, I can’t even go to the dry cleaner without at least three people stopping me to ask, what they should do about bitcoin. It really is a case of FOMO (Fear Of Missing Out) that is part of the momentum behind bitcoin; people don’t want to be left behind on this party that everyone seems to be buying homes on and taking dream vacations with.
It’s an absolute bitcoin madness. Even Former Republican Congressman Ron Paul hopped on the bandwagon last week when an impromptu poll he conducted went viral. Paul took to Twitter and asked his followers how they would invest a $10,000 gift, but he offered this catch: “You must keep the gift in the form that you choose, and you can’t touch it for ten years.” Team Bitcoin beat out gold in the survey, with over 50% of respondents opting for the cryptocurrency. In an exclusive interview, the famed libertarian told me he was “surprised” by the majority of his devout gold followers choosing bitcoin over gold.
Last week, I also had the chance to meet one of the most vocal advocates of bitcoin – RT’s lively host Max Keiser. To say it was a wild ride of an interview would be a great understatement – Keiser is sold on the fact that bitcoin will take over the world, and that it will continue to outperform everything on the planet, including Warren Buffett. He also thinks it can be used as a gateway to liberate gold and have the yellow metal trade at a $4,000-$5,000 an ounce level.
All this to say is when it came time for the Kitco News editorial team to sit down during our annual outlook brainstorm session – it was no surprise that bitcoin came up … a lot. Hence our theme this year is looking to tackle YOUR questions and concerns when it comes to the cryptocurrencies and how it relates back to gold.
On Friday December 15 we are pleased to bring you our 2018 Outlook: Decrypting 2018. Stay tuned for all our coveted outlook content, including Invest Like the Experts, Gold Outlook, Silver 2018 and interviews with some of your favorite guests. And for the first time ever – our outlook will have lots of content and opinions on Bitcoin.
In the meantime, we hope you enjoy our weekly roundup.
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