{"id":3466,"date":"2023-12-20T21:59:00","date_gmt":"2023-12-21T01:59:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=3466"},"modified":"2025-09-15T06:40:51","modified_gmt":"2025-09-15T10:40:51","slug":"bitcoin-wasnt-created-by-government-to-suppress-gold","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/bitcoin-wasnt-created-by-government-to-suppress-gold\/","title":{"rendered":"Bitcoin Wasn’t Created by Government to Suppress Gold"},"content":{"rendered":"\n

Bitcoin<\/strong> wasn't<\/strong><\/span> created by the U.S. government<\/strong> to suppress <\/strong><\/span>gold prices<\/strong><\/span>. We understand why people may think that because every time gold<\/strong><\/span> is about to breakout<\/strong><\/span>, counterfeit USDs<\/strong> (Tethers<\/strong>) get printed<\/strong><\/span> making fake<\/span> Crypto numbers go up<\/span><\/strong>. We understand why people may think that because every "picture of Bitcoin"<\/strong> is a gold coin<\/strong><\/span> with a B on it. We understand why people may think that because the act of processing<\/span> Bitcoin transactions<\/strong> is called "mining"<\/strong> to confuse<\/strong><\/span> people and make it sound like gold mining<\/strong><\/span>.<\/span><\/span><\/p>\n\n

The truth<\/strong><\/span> is, when everybody tries to convert their "Crypto wealth"<\/strong> back into U.S. dollars<\/strong> they will find out that Crypto dollars<\/strong> are monopoly<\/span> money<\/strong> because no<\/span> Tethers<\/strong> has ever been redeemed<\/strong><\/span> for U.S. dollars<\/strong> in history.<\/span><\/span><\/p>\n\n

If anything, Crypto<\/strong> has kept the prices of TSX Venture gold exploration stocks<\/span> artificially suppressed<\/span><\/strong> where you can buy<\/strong><\/span> Almadex Minerals (TSXV: DEX)<\/strong> for a fraction<\/strong><\/span> of its $0.28 per share in cash<\/strong><\/span> and $0.38 per share in cash + securities + gold loan receivable<\/strong> and you can buy the #1 strongest<\/span> gold development play<\/span><\/strong> in Nevada Augusta Gold (TSX: G)<\/strong> at less than<\/strong><\/span> a $500 million<\/span> market cap<\/strong>. However, by TSX Venture prices<\/strong> trading near all-time lows<\/strong><\/span> despite gold<\/strong><\/span> about to hit new all-time highs<\/strong><\/span>, it means a major "catch up trade<\/span>"<\/strong> is about to take place in the gold exploration market<\/strong><\/span>. There is a lack<\/strong><\/span> of new<\/strong><\/span> gold projects<\/strong><\/span> that are fully permitted<\/strong><\/span> and can be brought online<\/strong><\/span> to add additional <\/strong><\/span>gold production<\/strong><\/span>. Augusta Gold (TSX: G)<\/strong> is the only company in the world's<\/span> #1<\/span> mining jurisdiction<\/strong> with a realistic chance of developing<\/strong><\/span> its projects and bringing them into production<\/strong><\/span>.<\/span><\/span><\/p>\n\n

Although this current situation is huge for G<\/strong>, the company only has 1.92 million oz of gold resources<\/strong><\/span>, and it won't be enough to stop<\/span> gold prices<\/span><\/strong> from rising<\/strong><\/span> to $5,000+ per oz<\/strong><\/span> in the years ahead.<\/span><\/span><\/p>\n\n

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.<\/em><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":3469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[104,115,12,9,26,8],"class_list":["post-3466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-crypto","tag-dex","tag-g","tag-gold","tag-politics","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/3466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=3466"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/3466\/revisions"}],"predecessor-version":[{"id":3470,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/3466\/revisions\/3470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/3469"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=3466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=3466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=3466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}