Buy Gold With Bitcoin
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Andy explains silver gold bull bitcoin values his interview on Crush The Street that he sold all of his silver this summer as he really has no interest in it. I have to tell you, not only do I find this sort of thinking, utterly preposterous, I also find it quite troubling that analysts who have been promoting precious metals for the past decade are now implying that gold and silver are no longer high-quality stores of value.
I silver gold bull bitcoin values entirely with this faulty and superficial analysis. However, the most important factor has to do with the fragile nature of a highly technical complex system that allows Bitcoin and cryptocurrencies to function. It takes a tremendous amount of energy to maintain and power the internet, servers and computer systems that give life to Bitcoin and cryptocurrencies.
It is the belief by a significant portion of the public and analyst silver gold bull bitcoin values that the advanced world economies and markets will continue to prosper and grow forever. Moreover, some analysts, such as Harry Dent, believe that if we got rid of the corrupt bankers and politicians and allow people to have a lot more babies, then economic growth will continue indefinitely. For some odd reason, Harry Dent totally omits the impact of energy in his demographic analysis of the markets.
Does ole Harry not realize that the exponential increase in global oil production has coincided with the exponential growth in human population??? If he did, he would stop focusing on demographics and place his attention on what is happening in the global energy industry. While Bitcoin traders and speculators with Dollar silver gold bull bitcoin values in their eyes are betting on much higher prices, let me show you another chart.
It took nearly three more years before Bitcoin surpassed its previous high. Will this happen to Bitcoin again?
It is almost impossible to gauge the value of Bitcoin and the cryptocurrencies. However, we must realize that silver gold bull bitcoin values people are not getting into Bitcoin because they understand the potential benefits of blockchain technology, but rather because the price is surging higher and higher.
Recently, Mike Maloney of GoldSilver. He believed that it was smart to take profits from Bitcoin as it looked like it was potentially overvalued and buy silver as it was undervalued.
As I stated at the beginning of the article, individuals who believe in a new high-tech world with Bitcoin and cryptocurrencies running the monetary system must have forgotten about our dire energy predicament we are facing. Who are we fricken kidding? The more advanced and complex a silver gold bull bitcoin values becomes, the more energy it takes to run and maintain it.
The Global Oil Industry is cannibalizing itself just to stay alive. We know this is happening by looking at the massive silver gold bull bitcoin values in long-term debt: The problem is that Falling EROI is now pushing costs higher as the net energy in a barrel of oil declines.
Thus, we have a double-edged sword. Thus, they return on capital employed collapsed. These three charts paint a very grim future for the global oil industry. Without the burning of oil, our economy grinds to a halt. The world needs to burn a lot of oil, natural gas and coal to produce the so-called renewable green technologies.
So, when oil and natural gas supply declines, so will the delusion of renewable energy. I believe we are going to experience one hell of a market crash and deflation. If you have sold your precious metals for cryptos at this time, you may find out that it was a big mistake. Check back for new silver gold bull bitcoin values and updates at the SRSrocco Report.
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US Recession Watch By: Those Who Sold Their Precious Metals For Bitcoin Forgot About Our Dire Energy Predicament As I stated at the beginning of the article, individuals who believe in a new high-tech world with Bitcoin and cryptocurrencies running the monetary system must have forgotten about our dire energy predicament we are facing.
