Balmoral Resources Ltd BALMF

Bitcoin is a HUGE problem for us gold nerds. The news

[mountainpose]

streams are full of articles on how the gold bugs are now bitcoin chasers. The argument that both feed the same concerns geo-financially and geo-politically are correct. The killer app for gold however is that if you own it "physically" you can take it with you. I consider Balmoral a holder of "physical" gold. Massive manipulation, corruption, organized crime and tax avoidance are all a major part of the Bitcoin phenomena etc. and is rampant with cryptocurrencies. Regulators, the tax man, and the FBI will not allow this to continue. The exchanges for these holdings essentially don't exist in any material way or can be closed in one minute flat. This story will have a horrible death. If the coins "gap" down speculators will not have a chance to "cut their losses" as they would in an orderly decline. The end of Bitcoin will be brutal and mercyless and some smart gangster will have made a lot of money on the. "Tulip smokers high". Gold is beginning to trend higher these days. Also keep a close eye on the billions of Saudi dollars being shipped out of the country. If you really want to hide that money you have to buy gold. Just my take this cold Friday morning. GLTA