How do you see currency working in 20, 30, or 40 years? Since the dollar has long been detached from gold, do you see future currency being pinned to physical things? At what point do you think paper money is used less than paperless-transactions? The stock market used to be a representation of what the market expected economic growth to be like in the coming 6 to 18 months, and today that is no longer the case. The only game in town is printing massive amounts of currency and that new liquidity needing to find a place that generates “yields” as the yield curves have been artificially shot by the actions of central bankers. The Federal Reserve is printing $85 billion a month to pay its debts, and it has now become the biggest US debt holder ahead of China. Kind of cool how you can print your own dollars and lend them to yourself without ever having to pay them back. Let’s see how that works out in the long run.
The comparison with gold is due to the fact that there is a finite supply of Bitcoins which means that a central party cannot manipulate the value of the currency, it is determined by the market. I agree with you about the inherent value of gold and I think it’s smart to invest in that as well as silver.