Bitcoin is for the Internet and gold is for the real world. Charlie Morries talks about why you should own both and how to rebalance regularly to reduce risk and harvest volatility.
Here's my question: So, let's say GOLD 10 years ago was $1300 and there were 1 gazillion dollars created by the Treasury / Federal Reserve, at that time. Let's say that today, there are 2 gazillion dollars. (say, M2 from $11 Trillion to $21 Trillion) So should we predict that gold will get to $2600? Is my math too simple? I'd like to hear others' opinions about this?
PS I like the analogy of GOLD as a long zero-coupon bond! I also like Bitcoin as money, although it does seem to drop too easily when things appear 'uncertain,' and although it does not correlate well with the NASDAQ in magnitude, it does seem to correlate almost 100% in direction. A good hedge for your BTC holdings, therefore, is SQQQ...
I predict that "war" will expand soon (just like seeing a quiet period before WW2, or the US Civil War).
Probably need to take into account increased population and gold supply. There are other factors such as increased money supply causing inflation. To me it seems that gold should be much higher!
The cumulative effect of inflation is playing havoc with my fixed income...
darn rite, I just paid over $10 for a burger, today - trussed up (or, zucked up) - most o' my retirement funds will be gold, silver, Bitcoin (when I do retire) / I am thinking of buying up Swiss Francs... (paper currency)
Dan, You continue to amaze with your wide lens and your macro lens. Looking outside the Bonner Box is valuable, but I puzzle over implementing quite different strategies. I follow Tom assiduously, but with a considerable increase from an inheritance I ponder anew the nature of risk v. absolute safety.
HI DAN, EXCELLENT AS ALWAYS. WILL COMMENT MORE DIRECTLY LATER. I PROMISE. BUT, FOR NOW: TO THOSE WHO .SUPPORT ME AT BILL BONNERS STUFF.
URGENT/IMPORTANT:
1. WE MUST ELECT A STATESMAN ON NOV 5. WE CAN DO IT. KEEP FAITH. REJECT DOUBT, FEAR, DEFEATISM, RESIGNATION,AND ALL NRGATIVITY. WE SHALL SUCEED. TJE FORCE IS WITH US.
MY WIFE HAS VISION ASSISTIVE DEVICES. PERHAPS YOU ALREADY DO AS WELL.
HER FAVORITE MAGNIFIER IS A HANDHELD RUBY®. THE RUBY AND VARIOUS OTHER ASSISTIVE DEVICE CAN BE FOUND HERE AT THIS LINK https://tinyurl.com/57nv76f5
MY WIFE LIKES THE RUBY® BECAUSE IT HELPS HER MAGNIFY EVEN MORE THAN THE ALREADY ENLARGED ACCESSABILITY SETTINGS ON HER PHONE AND TABLET, PLUS CAN CARRY THE RUBY® TO HELP HER WITH LABELS WHEN SHOPPING OR WARDROBE
Mark, I use a headset that greatly enhances the light of text. It doesn't magnify, but enhances clarity. I'm completely bowled over by Dan's interview today. I wonder if we'll see a modification from Tom Dyson on Bitcoin? I've added Charlie Morris' web page to my incoming.
HI DEAN, THNX FOR HEADSET LIGHT TIP. WILL HAVE MY ASST FIND IT.
DITTOES ON THE DAN---CHARLIE "PRI BRIEFING. CHARLIE'S ANSWERS WERE MIND EXPANDING .
GAVE ME A WHOLE NEW PERSPECTIVE.--AND ACTIONABLE INFORMATION.
AND THNX TO DAN FOR GUIDING INTERVIEW WITH OUTSTANDINT QUESTIONS. THIS WAS MY FAVORITE PB YET. BUT WAS A CLOSW TIE WITH CHARLIE. COULD WE DRAFT RICK RULE FOR STATESMAN PRESIDENT. PERHAPS TH FIRST SINCE IKE EISENHOWER. BUT TRICKY DICK---WHAT A ---------!
Liam, I like your comments. If you'd like I could get the headset info from my wife. I was also extremely impressed with Rick Rule. The Bonner team seems to be connected to some of the smartest guys out there. I'm wondering if I should subscribe and follow their strategies? Porter Stansberry's distressed bonds strategi is also fascinating. I'm Leary of his paywall, without some confirmation from Dan, Tom, or Bill. My powder has been dry for several years, thanks to Tom.
THANX AND YES ABOUT INFO FROM WIFE. MSFT INSISTED THEY HAD TO UPH5ADE TONIGT SO MUST BE CONSISE . BONNER, DENNING AND DYSON ARE ALL FXCELLENT. TOM IS MY MAIN FOR STRATEGY, AND I AGREE TJAT MAX SAFETY IS PRUDENT. I AM A PAID SUBSCIBER. I AM MOVING FROM STANSBERRY TP PORTERCO. I WILL CONTINUE WITH SIA LIFE SUB AND DOC EIFRIG'S RETIREMENT MILLIONAIRE. ALSO LIKE DAN FERRIS. ALL THE BRST.
Thanks for your advice and background. I subscribed to Stansberry for a couple of years, but the paywall for the strategy I was interested in cost me more that I was prepared to profit from. I've followed Bonner since the days of International Living. We made several scoping trips back then, but felt it wasn't for us at the time. The group Bill has put together for the past few years works well. I have gotten tired of all the other high pressure, get rich quick promoters who have gotten my email. Porter's strategy seems brilliant in principle, but it's clear that the research required to make good decisions on specific bonds is beyond my capability. So, I think I'll go for Porter's service. I've been working from a small nest egg, but my wife's recent inheritance will allow me to invest more.
I just spoke with her and she can forward the precise details of my light system directly to your email, if you like. Otherwise, I'll forward on the Bonner platform.
Tom, there more than just a couple of brands for these kinds device's: desktop magnifier or (OCR) optical character recognition. It’s best to test drive these devices. Good Luck, here is the link to the Onyx device's
Good onya Liam but I am sure that anyone with half a brain would not want the job. The only people interested are the 2 incumbents, and they for their own selfish reasons...
Someone's gotta ask, so I will. Is BOLD a do-it-yourself strategy? I see the weighting information on bytetree.com, but no link to a vehicle. Have I missed one?
But, and I believe this is a very good point about this strategy, you can do it easily yourself with a crypto only solution using BTC (Bitcoin) and PAXG (Paxo Gold, https://paxos.com/paxgold/).
You basically buy those two, and swap them as needed if the weighting changes. You can hold them in your own custody as well, only using exchanges for the swap.
Since an important point of crypto is this self custody (i.e. you hold your own assets, no other party needs to be trusted) I like this approach. Of course you still need to trust Paxo about the gold backing, so that is a weak point I admit.
Great interview. There are "Better" Coins than BTC. They have been around for some time. Faster Private Lower fees etc. BTC has the Brand Name Recognition therefor its the best decentralized money. I have BTC and Gold not bashing here just pointing out that fact. It also has more price support with 401K access to the markets and you don't need to be tech savvy to establish a position.
I'm former Military and have been sitting behind a terminal in IT for over 33 years. I completely identified with Charlie on that front and am looking forward to a one month break in July. Maybe, I won't come back. Right now, this moment, I'm going to watch "The Way". Thank you, Charlie. BTW, I've been a holder of both gold and BTC for years and couldn't agree more with Charlie.
I still believe the clear view is that many gold investors see bitcoin as having some potential as an alternative to fiat and having a good possibility of some great returns. So these gold bugs will put a percentage of their cash into bitcoin instead of gold ( like you and many advisors recommend). Since everyone has some limitations to capital this portion of their portfolio that went into bitcoin reduces the amount that would go to gold. Seems extremely obvious to me. Gold and bitcoin are fierce competitors for drawing investment capital.
I’m a novice investor with probably much less experience and expertise as most all who will read this. Saying such , I believe one thing that is extremely apparent is the fact that bitcoin and gold ARE fierce and blatant competitors when it comes to drawing investment capital from each other. I am amazed how the smart minds say this is not so, then explain how to split your investment money between the two. Many gold bugs are amazed at the lack of current money invested in gold and gold related stocks compared with the previous decades. Hello…. imagine the investment levels in ‘’safe haven’’ gold arena if the alternative of bitcoin were not present.
Let's say market cap of Bitcoin is $1T... That was created in and of itself (out of thin air, just like META's market cap), so it never competed with gold. I say that gold and BTC are two different silos. I use META as my example (because it produces nothing tangible and useful (just nasty social commentary)) (unlike NFLX, Apple and Nividia), and its business model is based upon advertising (just like Alphabet). So, I need to get back to your question -- I can see BTC easily surpass $100000, but has nothing to do with pulling $s from gold. The people buying BTC aren't interested in buying gold (just like Morris implied (my interpretation)). One exception to this rule - all that Ukraine funding by the USA is either going into gold / or BTC: so that is a basis for some 'fierce and blatant' competition for the cash !! TRW
I AM ALMOST BLIND, SO FORGIVE CAPS. THIS IS A VERY ROUGH TIME FOR ALL INVESTORS. TREACHEROUS FOR PROS, SO I CAN IMAGINE WHAT IT'S L[KE FOR A NOVICE. THE BPR PEOPLE ARE EXCELLENT. TOM DYSON, THEIR CHUEF STRATEGUST WRITES CLEAR CONSE WEEKLY UPDATES FOR HIS PROPERLY ALLOCATED PORTFOLIO.CURRENTLY IN MAXIMUM MODE
CASEY'S INTERNATIONAL MAN AND DOUG CASEY'S TAKE---FREE VERSIONS OF BOTH. CASEY AND RICK RULE ARE MY MAIN GURUS FOR GOLD/ SULVER, AND COMMODITIES. THESE ARE ALL SPECULATIONS---NOT INVESTMENTS---A FORTIORPI FOR BITCOIN.
Here's my question: So, let's say GOLD 10 years ago was $1300 and there were 1 gazillion dollars created by the Treasury / Federal Reserve, at that time. Let's say that today, there are 2 gazillion dollars. (say, M2 from $11 Trillion to $21 Trillion) So should we predict that gold will get to $2600? Is my math too simple? I'd like to hear others' opinions about this?
PS I like the analogy of GOLD as a long zero-coupon bond! I also like Bitcoin as money, although it does seem to drop too easily when things appear 'uncertain,' and although it does not correlate well with the NASDAQ in magnitude, it does seem to correlate almost 100% in direction. A good hedge for your BTC holdings, therefore, is SQQQ...
I predict that "war" will expand soon (just like seeing a quiet period before WW2, or the US Civil War).
TRW
Probably need to take into account increased population and gold supply. There are other factors such as increased money supply causing inflation. To me it seems that gold should be much higher!
The cumulative effect of inflation is playing havoc with my fixed income...
darn rite, I just paid over $10 for a burger, today - trussed up (or, zucked up) - most o' my retirement funds will be gold, silver, Bitcoin (when I do retire) / I am thinking of buying up Swiss Francs... (paper currency)
Bitcoin, Ethereum and Solana will never be this low priced again, so jump in the crypto pool and make some money over this next year 😊
Swiss paper?
Well okay… Swiss Gold 20 Francs coins, BU condition, Helvetia (1897-1935, 1947, 1949) sell for about $474-$484 each https://tinyurl.com/5h7jza5y
Dan, You continue to amaze with your wide lens and your macro lens. Looking outside the Bonner Box is valuable, but I puzzle over implementing quite different strategies. I follow Tom assiduously, but with a considerable increase from an inheritance I ponder anew the nature of risk v. absolute safety.
PLEASE FORGIVE CAPS - ALMOST BLIND
HI DAN, EXCELLENT AS ALWAYS. WILL COMMENT MORE DIRECTLY LATER. I PROMISE. BUT, FOR NOW: TO THOSE WHO .SUPPORT ME AT BILL BONNERS STUFF.
URGENT/IMPORTANT:
1. WE MUST ELECT A STATESMAN ON NOV 5. WE CAN DO IT. KEEP FAITH. REJECT DOUBT, FEAR, DEFEATISM, RESIGNATION,AND ALL NRGATIVITY. WE SHALL SUCEED. TJE FORCE IS WITH US.
-----THE FORCE IS WITH US-----
2. WW3 IN ITS TRACKS.
HELLO LIAM,
MY WIFE HAS VISION ASSISTIVE DEVICES. PERHAPS YOU ALREADY DO AS WELL.
HER FAVORITE MAGNIFIER IS A HANDHELD RUBY®. THE RUBY AND VARIOUS OTHER ASSISTIVE DEVICE CAN BE FOUND HERE AT THIS LINK https://tinyurl.com/57nv76f5
MY WIFE LIKES THE RUBY® BECAUSE IT HELPS HER MAGNIFY EVEN MORE THAN THE ALREADY ENLARGED ACCESSABILITY SETTINGS ON HER PHONE AND TABLET, PLUS CAN CARRY THE RUBY® TO HELP HER WITH LABELS WHEN SHOPPING OR WARDROBE
REGARDS,
MARK
Mark, I use a headset that greatly enhances the light of text. It doesn't magnify, but enhances clarity. I'm completely bowled over by Dan's interview today. I wonder if we'll see a modification from Tom Dyson on Bitcoin? I've added Charlie Morris' web page to my incoming.
Good luck on all your doings.
HI DEAN, THNX FOR HEADSET LIGHT TIP. WILL HAVE MY ASST FIND IT.
DITTOES ON THE DAN---CHARLIE "PRI BRIEFING. CHARLIE'S ANSWERS WERE MIND EXPANDING .
GAVE ME A WHOLE NEW PERSPECTIVE.--AND ACTIONABLE INFORMATION.
AND THNX TO DAN FOR GUIDING INTERVIEW WITH OUTSTANDINT QUESTIONS. THIS WAS MY FAVORITE PB YET. BUT WAS A CLOSW TIE WITH CHARLIE. COULD WE DRAFT RICK RULE FOR STATESMAN PRESIDENT. PERHAPS TH FIRST SINCE IKE EISENHOWER. BUT TRICKY DICK---WHAT A ---------!
Liam, I like your comments. If you'd like I could get the headset info from my wife. I was also extremely impressed with Rick Rule. The Bonner team seems to be connected to some of the smartest guys out there. I'm wondering if I should subscribe and follow their strategies? Porter Stansberry's distressed bonds strategi is also fascinating. I'm Leary of his paywall, without some confirmation from Dan, Tom, or Bill. My powder has been dry for several years, thanks to Tom.
THANX AND YES ABOUT INFO FROM WIFE. MSFT INSISTED THEY HAD TO UPH5ADE TONIGT SO MUST BE CONSISE . BONNER, DENNING AND DYSON ARE ALL FXCELLENT. TOM IS MY MAIN FOR STRATEGY, AND I AGREE TJAT MAX SAFETY IS PRUDENT. I AM A PAID SUBSCIBER. I AM MOVING FROM STANSBERRY TP PORTERCO. I WILL CONTINUE WITH SIA LIFE SUB AND DOC EIFRIG'S RETIREMENT MILLIONAIRE. ALSO LIKE DAN FERRIS. ALL THE BRST.
SINCERELY,
LIAM
Thanks for your advice and background. I subscribed to Stansberry for a couple of years, but the paywall for the strategy I was interested in cost me more that I was prepared to profit from. I've followed Bonner since the days of International Living. We made several scoping trips back then, but felt it wasn't for us at the time. The group Bill has put together for the past few years works well. I have gotten tired of all the other high pressure, get rich quick promoters who have gotten my email. Porter's strategy seems brilliant in principle, but it's clear that the research required to make good decisions on specific bonds is beyond my capability. So, I think I'll go for Porter's service. I've been working from a small nest egg, but my wife's recent inheritance will allow me to invest more.
I just spoke with her and she can forward the precise details of my light system directly to your email, if you like. Otherwise, I'll forward on the Bonner platform.
Thanks Dean and likewise for you in all ways. Stay in touch.
Yes agreed, today’s communique and Tom Dyson’s May report are additions to my growing collection of roadmaps.
Regards,
Mark
P.S. I will mention the headlight to my wife. For now, she’s changing text background color or B & W to improve contrast.
Ruby looks v cool. Right now I am using an old Franklin Mint magnifier but it was designed for inspecting coins and not so well on computer screens :(
Tom, there more than just a couple of brands for these kinds device's: desktop magnifier or (OCR) optical character recognition. It’s best to test drive these devices. Good Luck, here is the link to the Onyx device's
https://www.freedomscientific.com/products/lowvision/onyxdesksethd/
Regards,
Mark
hi MK, MANY THANX FOR THE RUBY TIP. THANX TO WIFE ALSO.
P.S. PLEASE SUPPORT OUR MISSION TO FIND AND A TRUE STATESMAN FOR NEXT FOURYEARS----CRUCIAL !!!!!
COULD RICK RULE BE DRAFTED? HE'S GOT ALL THE RIGHT STUFF.
Good onya Liam but I am sure that anyone with half a brain would not want the job. The only people interested are the 2 incumbents, and they for their own selfish reasons...
CLEM,
OF COU ARE RIGHT---AS LONG AS OUR MINDSET IS IN THE SAMO, SAMO POLITICS AS USUAL---------WE MUST FIND A WALKING SAYNT.
Bitcoin is for the world. And Gold is for yourself!
Well said.
Gold’s scarcity, unlike the dollar (i.e. any fiat confetti) by comparison, makes gold a finite asset.
Someone's gotta ask, so I will. Is BOLD a do-it-yourself strategy? I see the weighting information on bytetree.com, but no link to a vehicle. Have I missed one?
For europeans there is an ETF / ETP available (https://21shares.com/product/bold), not sure if this can be invested in from the US.
But, and I believe this is a very good point about this strategy, you can do it easily yourself with a crypto only solution using BTC (Bitcoin) and PAXG (Paxo Gold, https://paxos.com/paxgold/).
You basically buy those two, and swap them as needed if the weighting changes. You can hold them in your own custody as well, only using exchanges for the swap.
Since an important point of crypto is this self custody (i.e. you hold your own assets, no other party needs to be trusted) I like this approach. Of course you still need to trust Paxo about the gold backing, so that is a weak point I admit.
Great interview. There are "Better" Coins than BTC. They have been around for some time. Faster Private Lower fees etc. BTC has the Brand Name Recognition therefor its the best decentralized money. I have BTC and Gold not bashing here just pointing out that fact. It also has more price support with 401K access to the markets and you don't need to be tech savvy to establish a position.
I'm former Military and have been sitting behind a terminal in IT for over 33 years. I completely identified with Charlie on that front and am looking forward to a one month break in July. Maybe, I won't come back. Right now, this moment, I'm going to watch "The Way". Thank you, Charlie. BTW, I've been a holder of both gold and BTC for years and couldn't agree more with Charlie.
I still believe the clear view is that many gold investors see bitcoin as having some potential as an alternative to fiat and having a good possibility of some great returns. So these gold bugs will put a percentage of their cash into bitcoin instead of gold ( like you and many advisors recommend). Since everyone has some limitations to capital this portion of their portfolio that went into bitcoin reduces the amount that would go to gold. Seems extremely obvious to me. Gold and bitcoin are fierce competitors for drawing investment capital.
I’m a novice investor with probably much less experience and expertise as most all who will read this. Saying such , I believe one thing that is extremely apparent is the fact that bitcoin and gold ARE fierce and blatant competitors when it comes to drawing investment capital from each other. I am amazed how the smart minds say this is not so, then explain how to split your investment money between the two. Many gold bugs are amazed at the lack of current money invested in gold and gold related stocks compared with the previous decades. Hello…. imagine the investment levels in ‘’safe haven’’ gold arena if the alternative of bitcoin were not present.
Let's say market cap of Bitcoin is $1T... That was created in and of itself (out of thin air, just like META's market cap), so it never competed with gold. I say that gold and BTC are two different silos. I use META as my example (because it produces nothing tangible and useful (just nasty social commentary)) (unlike NFLX, Apple and Nividia), and its business model is based upon advertising (just like Alphabet). So, I need to get back to your question -- I can see BTC easily surpass $100000, but has nothing to do with pulling $s from gold. The people buying BTC aren't interested in buying gold (just like Morris implied (my interpretation)). One exception to this rule - all that Ukraine funding by the USA is either going into gold / or BTC: so that is a basis for some 'fierce and blatant' competition for the cash !! TRW
DEAR RON,
I AM ALMOST BLIND, SO FORGIVE CAPS. THIS IS A VERY ROUGH TIME FOR ALL INVESTORS. TREACHEROUS FOR PROS, SO I CAN IMAGINE WHAT IT'S L[KE FOR A NOVICE. THE BPR PEOPLE ARE EXCELLENT. TOM DYSON, THEIR CHUEF STRATEGUST WRITES CLEAR CONSE WEEKLY UPDATES FOR HIS PROPERLY ALLOCATED PORTFOLIO.CURRENTLY IN MAXIMUM MODE
CASEY'S INTERNATIONAL MAN AND DOUG CASEY'S TAKE---FREE VERSIONS OF BOTH. CASEY AND RICK RULE ARE MY MAIN GURUS FOR GOLD/ SULVER, AND COMMODITIES. THESE ARE ALL SPECULATIONS---NOT INVESTMENTS---A FORTIORPI FOR BITCOIN.
SINCERELY,
L[AM