IMHO It is not coincidence these two alternate forms of Wealth Storage are trading in similar fashion .

LOOK AS THE SIMILARITIES THIS YEAR ( Bitcoin with HUI Superimposed)

As stated earlier….Bitcoin has been leading gold up and now perhaps down .

Bits have broken down into pieces.

Will the HUI follow and break below its H and S Top ?

It stands to reason these two very different alternative “currencies” have both taken off this year .

After a short period of Monetary tightening the CBs of the world have capitulated and are Easing aggressively again.

many have negative Interest rates and it looks like US will follow .

So that got Folks attention and with this constant and now accelerated debasement of All Fiat Currencies these folks are looking to protect at least some of their wealth.

Bitcoin appeals younger generations who know nothing nor care to know about Gold and its long history of being an asset that is geared for just such a time.

Gold appeals to us Gold Farts mostly.

I know there are some sharp young bucks here too…but these guys are a minor minority amongst their peers.

So I ask you…which of these two would you rather own in times like these.

……………….~ $ 8,000………………………………………………….…~$2,000

We talk here about “honest money”

We believe Gold is the Ultimate Honest money

But many see Bitcoin as Honest money…..

The Irony is:

Gold is scarce and hard to mine but we can see and touch it , it is Real , in a Physical sense. ….AND it is beautiful !

Bitcoins are scarce and hard to mine but of course completely Intangible ..just cyber digits…

Not really much different than the money we store in Banks and Brokerages .

Perhaps there will be a place for both in the coming New Monetary Order.

Personally as a Gold Fart…I know where my money goes.

Good luck to all of us.