Where to buy physical Gold/Silver Bullion at Market price?

bery_451

I'm not a manufacturer of a product to make me confident to price my product. These precious metals commodities nobody owns them to price them. Same like with Bitcoin as nobody owns bitcoin like Gold nobody owns the IP rights to Gold. Their price is determined by the international markets in $Dollars.

Trump said he is going to audit fort knox and we are still waiting the result from that and that bought uncertainty to the markets. 

Bitcoin is valued on scarcity, every 4 years btc is halved and following this price goes up. You cannot label bitcoin as a 'tech stock' like Google, Meta, Tesla as these tech stocks are companies run by CEO's humans that have the risk of going bankrupt or have the risk of not surviving the next 100-1000 years as there could be new companies managed run by Autonomous Quantum Ai to replace them. Then you will say and reply a new faster crypto coin that cost few pennies each is better than bitcoin than can replace btc and there's already 1000's of cryptos that claim to do this so how come none of them took the no.1 crypto ranking from bitcoin so far?

Silver is up a bit but Platinum & Palladium are still flat in price.

Since I started this thread several years ago you telling me gold gone up 26.8% since then?

InvesterJones

bery_451 said:

Bitcoin is valued on scarcity, every 4 years btc is halved and following this price goes up. You cannot label bitcoin as a 'tech stock' like Google, Meta, Tesla as these tech stocks are companies run by CEO's humans that have the risk of going bankrupt or have the risk of not surviving the next 100-1000 years as there could be new companies managed run by Autonomous Quantum Ai to replace them. Then you will say and reply a new faster crypto coin that cost few pennies each is better than bitcoin than can replace btc and there's already 1000's of cryptos that claim to do this so how come none of them took the no.1 crypto ranking from bitcoin so far?

Silver is up a bit but Platinum & Palladium are still flat in price.

Since I started this thread several years ago you telling me gold gone up 26.8% since then?

At the time of my previous post, gold was up 26.8% since the start of this year (aka YTD). It doesn't matter what you want to label bitcoin as, as like you say, the value is determined by what people will buy it for - if those people think its value is more like a tech stock than a commodity then it will behave like a tech stock. The correlation between bitcoin and NASDAQ 100 (or even leveraged S&P 500) is very high. The correlation between bitcoin and other commodities is low.

bery_451

InvesterJones said:

bery_451 said:

Bitcoin is valued on scarcity, every 4 years btc is halved and following this price goes up. You cannot label bitcoin as a 'tech stock' like Google, Meta, Tesla as these tech stocks are companies run by CEO's humans that have the risk of going bankrupt or have the risk of not surviving the next 100-1000 years as there could be new companies managed run by Autonomous Quantum Ai to replace them. Then you will say and reply a new faster crypto coin that cost few pennies each is better than bitcoin than can replace btc and there's already 1000's of cryptos that claim to do this so how come none of them took the no.1 crypto ranking from bitcoin so far?

Silver is up a bit but Platinum & Palladium are still flat in price.

Since I started this thread several years ago you telling me gold gone up 26.8% since then?

At the time of my previous post, gold was up 26.8% since the start of this year (aka YTD). It doesn't matter what you want to label bitcoin as, as like you say, the value is determined by what people will buy it for - if those people think its value is more like a tech stock than a commodity then it will behave like a tech stock. The correlation between bitcoin and NASDAQ 100 (or even leveraged S&P 500) is very high. The correlation between bitcoin and other commodities is low.

The current market cap of bitcoin is like under 1/10th of Gold. Gold has matured over thousands of years hence its huge market cap and we don't know whether gold market cap is derived from spot physical actual real gold or gold iou paper derivatives or both. If both then its market cap does not reflect the true value of gold.

Bitcoin has similar market caps size to tech stocks like Google Alphabet but when bitcoin matures like gold it wont be correlated to tech stocks but it wont take thousands of years for bitcoin to mature given how fast it has grown since 2009.

Heck people give Value to debt, bonds people want them aka demand. Government can issue many iou's as it can.

With bitcoin there's a fixed supply. With Gold we don't know how much left to mine to left on this planet. Elon Musk can go to mars and find more Gold there but he wont find more Bitcoin there.

So it comes to scarcity which is the number 1 factor for value.

wmb194

bery_451 said:

InvesterJones said:

bery_451 said:

Bitcoin is valued on scarcity, every 4 years btc is halved and following this price goes up. You cannot label bitcoin as a 'tech stock' like Google, Meta, Tesla as these tech stocks are companies run by CEO's humans that have the risk of going bankrupt or have the risk of not surviving the next 100-1000 years as there could be new companies managed run by Autonomous Quantum Ai to replace them. Then you will say and reply a new faster crypto coin that cost few pennies each is better than bitcoin than can replace btc and there's already 1000's of cryptos that claim to do this so how come none of them took the no.1 crypto ranking from bitcoin so far?

Silver is up a bit but Platinum & Palladium are still flat in price.

Since I started this thread several years ago you telling me gold gone up 26.8% since then?

At the time of my previous post, gold was up 26.8% since the start of this year (aka YTD). It doesn't matter what you want to label bitcoin as, as like you say, the value is determined by what people will buy it for - if those people think its value is more like a tech stock than a commodity then it will behave like a tech stock. The correlation between bitcoin and NASDAQ 100 (or even leveraged S&P 500) is very high. The correlation between bitcoin and other commodities is low.

The current market cap of bitcoin is like under 1/10th of Gold. Gold has matured over thousands of years hence its huge market cap and we don't know whether gold market cap is derived from spot physical actual real gold or gold iou paper derivatives or both. If both then its market cap does not reflect the true value of gold.

Bitcoin has similar market caps size to tech stocks like Google Alphabet but when bitcoin matures like gold it wont be correlated to tech stocks but it wont take thousands of years for bitcoin to mature given how fast it has grown since 2009.

Heck people give Value to debt, bonds people want them aka demand. Government can issue many iou's as it can.

With bitcoin there's a fixed supply. With Gold we don't know how much left to mine to left on this planet. Elon Musk can go to mars and find more Gold there but he wont find more Bitcoin there.

So it comes to scarcity which is the number 1 factor for value.

Something can be scarce and have little or no value. There are lots of Bitcoin clones that have no value but have scarcity.