Bitcoin is taking over gold’s place, while bullion becomes the ‘new aluminum’ — Max Keiser ...News

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Bitcoin is taking over gold’s place, while bullion becomes the ‘new aluminum’ — Max Keiser
source : Russia Today ( News ) () 40
The world’s largest cryptocurrency by market capitalization, bitcoin, is diminishing the store value of gold, RT’s Max Keiser has said. He believes that bullion prices may drop sharply as the metal loses investment allure. “Gold will be trading more for its value as jewelry, ornamentation or may be some electronic use,” the veteran host said on the latest episode of his show, adding that the price of gold could fall to just $200 or $300 an ounce instead of the current $1,800. “Gold is the new aluminum.”  He further compared the yellow metal to silver, noting that the latter has lost its status as a monetary metal. At the same time, bit

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