Anyone noticed bitcoin is doing very well right now? Could the price of gold be affected by this?
Not even by a tiny margin. Bitcoin market cap is getting close to 1B where as gold market cap is ~ 2T (with a quick google search).
I tried using bit coin once just for fun. I created my wallet… but found it to be just to darn complicated for me. I gave up. The download even @ 16mps took hours and a lot of disk space. My thinking was I could mine Bit Coins and then use them to buy physical Ag.
I agree with rikurr. Although it’s possible that bitcoin’s latest jump might be partially helped by some speculators at least thinking part of their “speculation” is justified since they’re outside the banking system.
…but on that note, here come the Feds: http://tinyurl.com/c2pzbzh
BitCoin is too risky IMO.
Govt. or the founders of BTC themselves can manipulate this market too easily. Gubment can do it and then jail the BTC folks as a scapegoat! BUY PHYZZZ INSTEAD!
Another Casino Game drawing the crowds. The FED(s) are on the way to BUST it up, grab your chips and BOLT… (LOL)