New Gold Inc T.NGD

Everyone selling gold to move to bitcoin?

[liljohnnyjoke]

Buffet dumped his Barrick gold holdings

https://www.baystreet.ca/stockstowatch/9779/Warren-Buffett-Sells-Stake-In-Barrick-Gold-Corp

[goldanalyst]

Don't think so....Can't speak for everyone but I'n nervous about Bitcoin...I moved a lot into what I call recovery metals in December.....uranium...cobalt....lithium...silver....gold will have it's day just not anytime soon...I would think inflation will surely come and in some instances is already here....and when it does it will be gold's time!!

[Arbutus22]

Adding to discussion ... I held several gold stocks, including NGD, until a few weeks ago. I've replaced gold with crypto related holdings. Crypto is no longer a fringe movement; more people are "believing" in crypto. And that's all it takes: belief. Just like belief in any precious metal. Problem with gold is that it doesn't have a use such as nickel, silver, or copper (I

[liljohnnyjoke]

I just bought some BTCC.b that started trading today on TSX in a couple of accounts , see how that goes. Ready to add if bitcoin falls back with market. But for reasons you mentioned I think bitcoin will hit $100k this year, and maybe sooner than later. I don't think the new big players will let it fall to much as they will jump on pullbacks as well to add to positions, and new players

[goldanalyst]

If Bershire takes a position in Bitcoin I would be shocked beyond belief It would be so out of character for them to do so....It is a non-yeilding asset like gold which he just sold.... Frankly I like all this talk about Gold being dead etc.... I am itching to add to this position if gold gets to $1500

[liljohnnyjoke]

Given how they know how the investment world has been aping every investment move Buffet has made for the last 6 decades or so it sure would be interesting if they announed that they had taken a $5 billion position in bitcoin. How fast do you think bitcoin and that investment would rise?

[goldanalyst]

I wish nothing but the best with your bitcoin bet....let us know how it goes for you

[Arbutus22]

Billionaire Gundlach now supporting Bitcoin: https://www.coindesk.com/bitcoin-may-be-a-better-investment-than-gold-says-doubleline-ceo-jeffrey-gundlach. IMO, holding both gold and crypto stocks would be wise. That said, I also stay tuned to momentum. With gold trending down for some time, and crypto up, and we all know how celebrities drive momentum (whether Buffett, Snoop Dogg or Musk), I

[liljohnnyjoke]

i guess you will know as you will see the price of bitcoin all day long on the stock channel right next to price of gold, silver, copper. oil etc i like gold/silver as well but for a while now I prefer to order the physical coins from Kitco 

[goldanalyst]

Since you've posted your personal journey and buys on here please post how well YOU do on your bitcoin investment...after all you post you posting your individual buys on here...please feel free to post your individual sell....particularly for that BTC buy

[ITSUP2ME]

Me and hedge funds buying gold with me BTC prophets...

[ITSUP2ME]

Typo..."i"

[ITSUP2ME]

Profits.....Celebrating too early...