Bitcoin Wasn’t Created by Government to Suppress Gold
Bitcoin wasn't created by the U.S. government to suppress gold prices. We understand why people may think that because every time gold is about to breakout, counterfeit USDs (Tethers) get printed making fake Crypto numbers go up. We understand why people may think that because every "picture of Bitcoin" is a gold coin with a B on it. We understand why people may think that because the act of processing Bitcoin transactions is called "mining" to confuse people and make it sound like gold mining.
The truth is, when everybody tries to convert their "Crypto wealth" back into U.S. dollars they will find out that Crypto dollars are monopoly money because no Tethers has ever been redeemed for U.S. dollars in history.
If anything, Crypto has kept the prices of TSX Venture gold exploration stocks artificially suppressed where you can buy Almadex Minerals (TSXV: DEX) for a fraction of its $0.28 per share in cash and $0.38 per share in cash + securities + gold loan receivable and you can buy the #1 strongest gold development play in Nevada Augusta Gold (TSX: G) at less than a $500 million market cap. However, by TSX Venture prices trading near all-time lows despite gold about to hit new all-time highs, it means a major "catch up trade" is about to take place in the gold exploration market. There is a lack of new gold projects that are fully permitted and can be brought online to add additional gold production. Augusta Gold (TSX: G) is the only company in the world's #1 mining jurisdiction with a realistic chance of developing its projects and bringing them into production.
Although this current situation is huge for G, the company only has 1.92 million oz of gold resources, and it won't be enough to stop gold prices from rising to $5,000+ per oz in the years ahead.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
