Does there? Imagine, a monetary substance that has survived & retained its value through every single horrible human conflict of the last 5000+ years. I hold a basket of public cryptocurrencies as a call option on some future restructuring of global finance but I'm weighted far heavier in PMs. If and when sh*t truly goes down I have a lot more faith in gold/silver's proven track record as SoV's.

Validation of all Bitcoin transactions relies on the functioning cyber environment and unimpeded access to the global networks. Just as logistics networks can get disrupted by a bio hazard, cyber networks can be disrupted by the cyber warfare, electrical outages, government sanctions, etc.

Compare 5,000 history to 10 years. Gold is real money, BTC is a tool.

Bitcoin is extremely resilient. There have been transactions conducted over ham radios. If all the electricity and networks are offline, things would be so bad that gold would be the least of your concerns.

Apparently over 60% of bitcoin hashrate comes from China specifically: https://www.forbes.com/sites/youngjoseph/2019/12/12/new-report-shows-china-dominates-bitcoin-mining-is-this-a-sign-of-worry/#26ef669d42e1 What happens to the "digital gold" narrative -- this supposedly-unassailable store-of-value -- when China decides to manipulate or destabilize Bitcoin by clamping down on China-based miners? They could either go after miners at the network level (more-severe firewalling, etc.) or go after them physically, showing up at (mostly) makeshift mining datacenters with armed police and shutting them down. What happens to physical gold's basic characteristics in the above scenario, by comparison? Cryptocurrency in SOME form or another is no doubt in the world's future as a major component of the financial system. It has important characteristics of divisibility, portability, low custodial & TX costs, etc. that gold cannot match -- but all cryptocurrencies are *inherently* full of counterparty risk because it depends heavily on the good graces of the major governmental powers for its viability -- it is highly debatable whether it will replace gold on any forseeable time horizon. I don't believe it will be until the G5 (or 7, or 8, or 12) countries formally sit down & hash out (no pun intended) a "Bretton-Woods-of-Crypto" agreement that one or more gov't-backed cryptocurrencies will become an institutional-grade, regulatory-compliant store of value.

When Ethereum transitions to proof of stake consensus algorhythm, we will not need miners. All the arguments in this thread against crypto are the "let me think what could go wrong TODAY" but crypto is about the future and what it will be in 10 years. Not having 1-5% of your net worth in crypto is potentially your biggest investment mistake lifetime.

I agree with you but come at the question from a slightly different perspective. My approach: (i) The worlds Central Banks (coordinated by the BIS) have total control over the worlds currency's; (ii) No CB has suggested that they would be willing to give up that control. On the contrary, they have been floating academic papers etc, suggesting that the world needs a new global digital currency, solely controlled by them; (iii) the threats to their plans are cash, PM's and crypto's; (iv) they are engaged in a war on cash and, through proxy's. keep a lid on PM prices; (v) That leaves Bitcoin and other crypto's. How robust would support for Btc. be if subject to a concerted market supression effort?

The corporate crims dont have to destroy,steal,break,interrupt etc btc or any other asset, as they have demonstrated many many times they can just create lil digits on a screen and buy every asset available on any market, Gold, Crypto, Comms, Ag, Real Estate, anything u name it .... No?

We do not need exchanges anymore. There are already decentralised exchanges built on top of ethereum. Centralised exchanges is like cars driving in the sand roads after horse carriages before we built proper asphalt roads. BTC vs GOLD is an old debate, bitcoin wins.

JM Bullion still has Buffalo coins available for around $1870ish. How many, who knows?

What happened to Grant?

Would recommend you find and watch the "Thankyou Grant Williams" video.

I did but i don't think it actually said what has happened to Grant. Health issues? Management disagreements? He wants to sit on a beach somewhere? I wish they would treat us like grown up and just come and say. The uncertainty is killing me :)

Grant going strong at TTMYGH.

Totally agree, views like a promotion video

Hi David. Always great commentary. I would suggest that NOTHING replaces ownership of physical gold. I have seen reports that show up to 400 futures traded for every ounce in existence. That means 400 people who THINK they can take delivery of those ounces. Also, physical has no counterparty. Considering what is happening in China and Hong Kong right now, I’m not sure I would want to trust HSBC (the custodian of GLD) right now. At a time when we can’t trust management or their books, owning physical is a way to diversify your risks, counterparty risk being one of them. Best wishes.

Hi John. I agree with your points. I do not expect any of the following to happen, but there is always counterparty risk in any investment. Gold can be stolen, debased etc. There is still a trust issue with any company holding your gold. There is the government confiscation without compensation risk. The oldest game in the world is debasing gold coinage/bars. All these counterparty risks are magnified with paper gold. When times change, I will change. If the market tanks, I would prefer to buy solid corporations with my cash. Even in German hyperinflation, companies that made it through the debasement turned out to be good investments. If I lost my positions in paper gold, I would still be OK. Thanks again for your comments. Isolation is making me a little stir crazy. No time to socialize at the micro-brewery. Beer, food and wine are better with people. Be safe. DLS

Yes I trade silver & gold - never had any problems, even in the past week when spot & futures diverged

Used them for years. Works fine.

Until you want your gold in your hand, only in 400oz bars with a 3-5% withdrawal fee

Yes, used them since 2012 for a portion of my PM portfolio. Very happy with their service, the next best thing to holding it in your hand.

Have held gold, silver and platinum with them since 2009 in their Zurich vault. Very happy with the service. Will be buying additional silver with them tomorrow.

Anywhere else?

@Pierre F. ABC Bullion in Sydney. You can buy into their pool allocated and convert into physical gold at any time.

Bullion Capital is selling physical in 7 Global locations

Fortunately Simon mentioned that it was filmed on the March 26th, but I second your call for publishing the filmed date.

The Wall Street wardrobe has changed since the 60s and people are working at home because of the Coronavirus. DLS

I can't imagine watching a great interview and my takeaway and main concern is what someone wore.

It is mentioned in the video that this was filmed on 26 March 2020.

I use the CHAPTERS markers to skip to the content I'm interested in. Click on CHAPTER #1 and you'll skip the intro...