Why Buy Gold When There Is Bitcoin And Tesla

The comments below are an edited and abridged synopsis of an article by Egon von Greyerz

Instant gratification drives the world and especially investment markets, and it’s often said that gold is a useless investment since it doesn’t go up fast enough.

Why Buy Gold When There Is Bitcoin And Tesla | BullionBuzz | Nick's Top Six
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Von Greyerz has invested heavily in gold for himself and for investors since 2002 when the price was $300. Since then, gold is up just under 6X.

Of course, it has not been a straight line and there have been major corrections on the way.

Up for discussion: Stocks today are a gargantuan risk; Cassandra was always right, but…; why buy gold when there is Bitcoin and Tesla; real stock market gains are 85% lower; gold—$3,000 next; and two dozen reasons why owning physical gold is imperative.

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