Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Gold & Silver Will Trump Bitcoin | Rob Kirby

Silver Doctors, Released on 12/19/17

Should you sell your silver and gold for Bitcoin? Rob Kirby tells Silver Doctors physical precious metals are insurance, while Bitcoin is a speculative bet. Selling your insurance to buy cryptocurrencies is “ridiculous.”

The rise of Bitcoin and other cryptocurrencies represent “fiat money rejection.” The big money investors see how fraudulent the monetary system is, Kirby says, and are running to an alternative. But it’s gold and silver that will rise when all else fails, he says.

Blockchain technology will be applied to physical precious metals trading, Kirby predicts. In this way, an ounce of gold or silver will be able to be sold only once. These “crypto-ized” precious metals will be the “undoing of fraudulent exchanges like COMEX and the LBMA.”

Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc., another inter dealer bond brokerage in Toronto – and left the industry in 1996. He started writing in 1997, and was involved in a number of entrepreneurial pursuits from marketing Buffalo meat to a part time stint in the giftware business. In 2002, he went to work for Investor’s Group, the largest Mutual Fund Company in Canada. He worked there up until September ’04 when he resigned to write about the markets – and his book – from a “gold bug’s” point of view. His website is called Kirby Analytics.

Leave a Reply

Your email address will not be published. Required fields are marked *