Bitcoin vs Gold (12/9)

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 (12/9):  Once again! Bitcoin has replaced gold as a safe haven and just a plain great trading position.    For the week;  Bitcoin lost a whopping 48 cents.   Gold, lost $17.    Enough said.

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
12/8 $769.88 +5.38  +33.9% $1172 -4.0

 

 -13.1%

 

12/9 $772.03 +2.15  +34.3% $1161 -11.0

 -14.0%

 *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)