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Gold Prices may Collapse because of Bitcoin

Market Insanity 

Bitcoin Approaches $1,500 and Ethereum Nears $90

May 1, 2017May 1, 2017 daniel $1700 bitcoin, $200 Ether, $200 Ethereum, Barrick Gold (NYSE: ABX), Bitcoin Approaches $1500 and Ethereum Nears $90, bitcoin has replaced gold as the world’s hedging mechanism of choice, Bitcoin leaves Gold in the Dust, cryptocurrency analysts, exceeded the price of an ounce of gold by $271.14, Gold Corp (NYSE: GG), Gold Prices may Collapse because of Bitcoin, Newmont Mining (NYSE: NEM), the new bitcoin boom

This indicates that bitcoin has replaced gold as the world’s hedging mechanism of choice. Average investors may actually prefer bitcoin to gold in uncertain times which is very bad news for gold bugs and gold-mining stockholders.

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