RE:RE:Stock price falling hard I am in the "goldanalyst" camp
I find I hard to believe that gold that has been around for over 5000 years is just going to suddenly disappear because Bitcoin has suddenly been moving higher at breakneck and warp speed? Bitcoin is nothing more than a "fad" that will catch the greedy and unprepared off track and destroy their wealth.
Remember folks "The bigger they are, the harder they fall". I find it hard to believe the smart money and seasoned historical gold bugs are leaving what has worked for centuries for something with no proven value. No one has been able to put a value on Bitcoin yet. If so, I have yet l too see this anywhere.
My guess is the people who are buying Bitcoin are the same individuals buying Tesla. Has anyone understood how much revenues and earnings are needed to justify a price earnings multiple of "1,683" on Tesla yet????? Most of the revenues on Tesla are government grants too and are not real revenues. A fact Tesla does not disclose. People who chase what is popular without doing any kind of homework on those "insane valuations" deserve what will come to them. Don't feel so sorry for them. They rode the gravy chain up without thinking about valuations. They didnt think things through about taking their profits when they had their chance either. It happens every time and usually at the beginning of every decade.
Yes I continue to buy NGD on weakness and welcome any other weak hands to sell me their shares.
Ron