Bitcoin vs Gold (12/14)

By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group

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Friends, in celebration of the Chicago Mercantile Exchange’s (CME) launch of two new bitcoin indexes (BRR & BRTI), is going to compare the price of bitcoin and gold on a daily basis. We at FintekNews have written (and are on record) of saying that bitcoin will outperform gold in the future.**   Bitcoin IS the new gold.

Trading Notes (12/14):  Yeah, even with interest rates/strong dollar/etc Bitcoin smacks gold. Still, long bitcoin short gold BUT a gold bounce in the 1110-1120 area could be productive. Just saying.

We wrote an article (8/17) going on the record saying bitcoin will outperform gold throughout the future. Should you have done that (long bitcoin, short gold) you would be up $314.87 or 41.8% (see chart above). No reason to change, bitcoin has replaced gold as a safe haven.

Bitcoin vs. Gold Daily Pricing Chart

Date

Bitcoin Close

Daily Points +/- Since Inception +/- Gold Close Daily Points +/- Since
Inception
+/-
8/17 $575 N/A N/A $1350 N/A N/A
12/13 $780.94 +2.25   +35.8% $1161 -3.0

 

 -14.0%

 

12/14 $776.99 -3.95 +35.1% $1144 -17.0

-15.3%

 *CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index


** Please see FintekNews.com articles for reference on pricing below”

BITCOIN-GOLD UPDATE (Published 10/26/16)

BITCOIN-GOLD: $2K $3K? Published 8/17/16)