Loading ...As a shear guess, it would not surprise me if that Bitcoin and others, were created to attract “inflationary expectations” investments AWAY from Gold and Silver and other very important metals.
The gov’t and greater good does NOT need people investing in, or voting for higher metals prices. (but happening anyway) Those mines are working 24/7 already.
And governments, or central banks think, those mining companies don’t really NEED excessive profits. Same as Minimum Wage laws. Governments (aka big business) don’t really WANT excessive profits for unskilled labor either. They are control freaks, but they are losing some controls after 9/11.
Try to imagine if there was no Bitcoin invented, no Gold Silver ETFs invented, No COMEX invented and the only out for inflation protection was physical gold itself. Geez, it would up to $50,000/oz like Bitcoin.
Even with all the Kings horses and all the Kings men, all their non-Gold-Silver “distraction” “alternative” type investments, Gold is still holding $1800 fine on a dip no less. And Silver is trading $5-$10 above Spot.
Years ago, the Bozo/Bankers normally got their excess money sucked up, diverted or funneled into high interest rate CD deposits at banks, to create harmless “dead money” on hold.
We could say the stock market is now the same as high interest rate CDs. Dead harmless money. Nobody or very few are going to cash out of stocks, If they keep going up, and if they don’t really need anything.
Even corporations automatically take TAX FREE money out of employees paychecks for IRAs. Looks like bribery to me. “Lets deaden some of your money” this week.