Gold, Gold, Gold…Why, Why, Why?

I wanted to pull up an article we at FintekNews wrote back on August 27th and do a little refreshing since it seems that with the new administration the “gold bugs” are out in full force. The chatter is “gold, gold gold” and we say “why, why why”?

While this article was written several months before the Chicago Mercantile Exchange (CME) partnered up with Crypto Facilities in London and ‘stamped’ approval and validation on bitcoin with their new indices, the trend of bitcoin’s growth has surpassed even my expectations.

With that growth and acceptance many in the investment community want a bitcoin exposure BUT are concerned with the risk (downside), so we at FintekNews started making a case for gold as a short hedge for a long bitcoin position. There is no ‘perfect’ hedge but since I am calling for bitcoin and gold to see parity and then for bitcoin to carry a premium over gold in the future, it seemed a natural hedge. It has been. It will be.

So please, re-visit the article below (I may be WAY too high on gold) since it is more topical now. Gold? Why?

BITCOIN-GOLD: $2K $3K?

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