Bitcoin vs Gold (12/19)

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 (12/19): Gold got down to within $10-$20 of our buy point ($1110-$1120) for a trade/adjustment last week. Be patient, don’t chase and keep long bitcoin. It IS the safe haven that gold USED to be.

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
12/16 $780.91 +2.35   +35.8% $1136 +6.0

-15.9%

12/19 $791.27 +10.36 +37.6% $1142 +6.0

-15.4%

 *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)