Gold & Silver Will Trump Bitcoin As Everything Paper Burns

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Catching up on my podcasts after the holidays and came across one that I think has some interesting thoughts for those of us who are silver stackers.

Most big time precious metal analyst and market experts are very negative on crypto. I think this is because they don't understand it and there is no physical aspect too it. They have no love lost for the paper gold/silver contracts that are controlling the gold/silver price and therefore by nature oppose anything that is not physical. But what they fail to realize is that the blockchain might be their saving grace.

Likewise a lot of silver stacker groups have members that despise crypto, but also have some members cashing out their silver for crypto despite the advise from the hardcore stackers.

Silver Doctors' Elijah Johnson did an interview with Rob Kirby of KirbyAnalytics.com back in December and I think Mr. Kirby does get it and makes some great points.

The first question that was addressed was sell physical silver for crypto?

Kirby's response was an analogy. He said if my stock portfolio doubles in the first quarter, should I cancel my fire insurance and invest the insurance premium in the stock market? I think most of us would agree with "No".

Point being one is speculation and the other is insurance. Physical precious metal is the ultimate insurance for your financial well being. It will perform when all else fails.

"What is causing the steep rise in crypto?". His belief is that it is not the small money investors, but the big money not seeing any move in the precious metals. The big money is involved/aware of the heinous fraud of money generation (dark money) that has been happening that is in jeopardy of collapsing and money will become worthless.

He believes the rise in crypto is due to rejection of fiat money and the current banking industry.

The issues with silver (and gold) price is that the COMEX manipulates the market with paper contracts that allows them to sell the "same" silver to multiple buyers "on paper". This is replicated across the other exchanges and is being controlled by the US government.

The latest attempt to create Bitcoin futures is an attempt of the officialdom to harness and centralize Bitcoin. He predicts it will fail and I hope he is right. Bitcoin is decentralized and trades 24x7, whereas futures trade during COMEX hours without weekend trading and this is why it will fail.

All fiat money eventually burns and reverts to the intrinsic value which is zero. Everything paper will burn, so don't sell your fire insurance.

I have to admit, I have been investing in crypto at the expense of not investing in silver. But at no point have I considered cashing in my silver for crypto. Then again I'm just a tiny fish in the ocean.

And finally, the saving grace.

Precious metals moving to the blockchain (similar to what is happening with diamonds) will prevent price fixing and prevent selling the same physical ounce more than once. Transparency in price discovery will expose the fraudulent exchanges like the COMEX and the price of physical metals will no longer be held down.

I know the title seems to be anti-bitcoin, but Kirby never disses it. I think the point he is trying to make is that silver and gold prices are so manipulated and under-valued that when this control is broken they will skyrocket in the same way bitcoin has and possibly beyond.

Here is a link to the interview and if you found my overview interesting I would suggest taking a listen.