RERUN: After going viral, Mancini doubles down that gold is king, bitcoin irrelevant

Gold is still the ultimate asset to own during an economic downturn, not bitcoin, and this can be proven by government actions, said Chris Mancini, analyst of Gabelli Gold Funds.
“Gold is the ultimate play…and countries are setting up exchanges, and the Chinese government and the Russian government are buying gold, they’re not buying bitcoin. That’s the ultimate play, that’s the ultimate currency. That’s what governments are going to tie their currencies to, if and when something bad is going to happen from an inflationary perspective,” Mancini told Kitco News on the sidelines of the 121 Mining Investment Conference in New York. “It’s going to be gold, it’s not going to be bitcoin.” (show less)

Gold is still the ultimate asset to own during an economic downturn, not bitcoin, and this can be proven by government actions, said Chris Mancini, analyst of Gabelli Gold Funds.
“Gold is the ultimate play…and countries are setting up exchanges, and the Chinese government and the Russian government are buying gold, they’re not buying bitcoin. That’s the ultimate play, that’s the ultimate currency. That’s what governments are going to tie their currencies to, if ... (read more)

121 Mining Conference - October
121 Mining Conference - October

121 Mining Investment New York will gather senior investors from institutional funds, private equity groups, family offices and sector analysts to meet with carefully selected mining company management teams in the world’s capital of finance.Featuring cash-generating producers, near-production development companies, project generators and exciting exploration projects, the event this June offers investors the perfect forum to seek out their next big mining investment opportunity.

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