Bitcoin vs Gold & Silver - Episode 1

#Bitcoin #Gold #Silver

Bitcoin vs Gold & Silver - Episode 1

Today is Sunday 6th December 2020 and we are publishing the first in a new series of Bitcoin vs Gold& Silver a series which will be published each Sunday for the next few months.

We would argue that there are many reasons why gold & Silver prices have not risen as high as many thought they would rise to:

1. Dollar depreciation has not been as great as many anticipated – after all the likes of Peter Schiff has been calling for its total collapse for decades

2. The printing of vast quantities of money at least short-term props up ailing economies – it may prove different long term but currently we are still in the short-term cycle – and also boosts competitor investment avenues e.g. Stock markets – which are at all time highs particularly in the US

3. Inflation has not yet occurred and in fact deflation seems the most likely short to medium term economic default and gold and silver with it perform better during inflationary times rather than deflationary times.
Now there are many other reasons and one which we are focussing on in this series is competitor products to gold and silver.

Within the investment world there are many competing products: bonds, equities, treasuries, precious metals, other commodities, crypto currencies fine art and antiques, etc etc. We are going to essentially in this series look at Gold & Silver and cryptocurrencies – or frankly for reasons we will highlight in episode 2 Bitcoin.

In value terms the Equity market is worth approximately $85 trillion the value of the gold market is based on 197,000 tonnes ever mined approximately worth approximately $3.7 trillion.

In terms of coins and bars and gold used for investment purposes easily acquired at the right price it would be safe to assume a market of around 40% of this figure which represents an investment market of approximately $1.5 trillion

As of 2018 approximately 1.6 million tonnes of silver has ever been mined which is the equivalent of 51 billion ounces which at today's price is approximately $1.2 trillion.

Defined silver bullion coins and bars is estimated to be no more than 2.5 Billion ounces which therefore suggests a market of around $60 billion dollars.

According to Statista, as of early December 2020 the bitcoin market capitalisation is valued at $350 billion US Dollars. Almost 6 times the silver available for investment and around one quarter of the readily available gold worldwide.

According to coinmarketcap.com there are some 2,354 crypto currencies that have a market capitalisation of some sort plus many hundreds more that have been registered but has no market capitalisation.
Rather than try and add up the value of all 2,354 its worth pointing out that just the top 20 of which bitcoin has the largest market cap comes to over $518 billion

So, one has to ask, if monies did not go into crypto currencies and especially bitcoin then where would these monies go?

Just imagine just 12% of $518 billion dollars would be the equivalent of the entire silver bullion market and however one cuts it, it is logical to assume that cryptocurrencies have, between them, and arguably bitcoin in particular, stolen investment funds that would otherwise have gone into gold and silver.

In this series we shall also look at those companies making such recommendations and later at how we see this affecting gold and silver demand as a monetary metal moving forward.

So next week we shall focus on what is bitcoin, how it is used and why younger people in particular are attracted to this investment form.

Bitcoin 101 - Bitcoin Reaches All Time High
https://www.youtube.com/watch?v=mPioTpcgNUo&t=67s

Bitcoin Surges as Gold & Silver Recovers
https://www.youtube.com/watch?v=8-Lg-P7aQeo&t=3s

Losing My Bitcoin Wallet May Have Cost Me $10,000
https://www.youtube.com/watch?v=dbudiae7-WY&t=2s

Bitcoin/Crypto Training
https://bit.ly/3pNjaug

Rich Dad Summit from $1
https://bit.ly/39uZfKD

Bitcoin For Dummies 1st Edition
https://amzn.to/2VKUSmE

Cryptocurrency Investing For Dummies 1st Edition
https://amzn.to/36Nhidt

Cryptocurrency Mining For Dummies 1st Edition
https://amzn.to/2JREdv2

The Bitcoin Standard: The Decentralized Alternative to Central Banking
https://amzn.to/3lNieTs

Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies
https://amzn.to/3gdTjao

The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them
https://amzn.to/39KqPUj

Join us at:
https://www.illuminatisilver.com/sign-up-today/

Bullion Vault – Buy Gold & Silver
http://bit.ly/bullionvaultillumsilv

Richard & Greg – Discussion: Debate & Argument YouTube Channel
https://www.youtube.com/watch?v=MLWxmXToFCg&t=3s

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