| Steve's note: I haven't covered bitcoin much. The truth is, if you're interested in speculating in this new market, I want to make sure you're listening to the ONLY guy out there I'd trust when it comes to cryptos... Tama Churchouse.
Tama understands both the technology AND the legitimate investment possibilities – something I don't think is true of most people. Today, he shares an essay on why bitcoin deserves a place right next to gold in your portfolio...
| Bitcoin Won't Replace Gold... Here's Why You Should Still Own It | | By Tama Churchouse, editor, Stansberry Churchouse Research | | Monday, October 16, 2017 |
| Bitcoin is frequently compared to gold. But it's not an either/or proposition... And I'll tell you why.
Gold and bitcoin are the only two widely distributed, decentralized methods of exchanging value as currency. They have no central authority issuance, unlike U.S. dollars or any other fiat currency.
Likewise, neither bitcoin nor gold can just be "printed" at the push of a button by an anxious central banker. You have to either earn your gold by mining it, or you can pay cash for it. The same is true of bitcoin (although bitcoin miners use computers instead of picks and shovels).
But there's one big difference between the two...
----------Recommended Links---------
---------------------------------
Gold is the very opposite of new technology.
Gold is a physical, tangible, and real asset. You can pick it up and feel its satisfying weight in your hand. It can't be altered. Gold is gold. Once I own it, that's it. I don't need to rely on a functioning Internet. I don't need a computer. It has pure, tangible value.
And gold has unquestionably been money for thousands of years. A gold coin can still sit in my pocket, even while I might be fending off mobs, zombies, hordes of cockroaches, or a nuclear winter.
On the other hand, bitcoin is nothing more than a code that exists somewhere on the Internet. You can't pick it up and put it in your pocket. If you lose that code... you lose your bitcoin.
Not only that, but unlike gold, bitcoin isn't easy to explain to the average guy on the street. The fundamentals of blockchain, and the distributed ledger systems upon which bitcoin is built, are not straightforward. It usually takes time and effort for people to understand just how much of an innovation bitcoin really is as a "trustless" mechanism for exchanging value.
(By "trustless," I mean we don't need to trust an intermediary to settle our transaction – we can exchange value directly and securely with one another, thanks to blockchain technology.)
Despite its benefits, most people simply can't comprehend bitcoin and blockchain.
Gold, however, is easy to understand. Its value has stood the test of time. As a friend of mine once put it: "I prefer a currency that has survived 5,000-plus years of wars, empires, the rise and fall of countries, cold spells, hot spells, and has been universally accepted in every country of the world."
I can't argue with that.
No matter how big bitcoin gets, it will never be gold.
If you were to ask me which I think is more likely to be around a hundred years from now, my answer is gold... every time. Nothing has usurped it for millennia as a globally accepted medium of exchange or store of value, and I don't think bitcoin will do so either.
But... you should still own bitcoin. Let me tell you why...
Bitcoin is the ultimate in freedom of asset ownership. The government can't confiscate it, as the U.S. government did with gold under Executive Order 6102 in 1933.
You can cross national borders with bitcoin in your possession on a USB thumb drive... or, if you can memorize your private key, with no physical object in your possession of any kind.
Whether your bitcoin is worth $100 or $100 million, it makes no difference to how you move and store it (which is clearly not the same with gold). You don't need a trusted middleman to send it. And you can move it around the world, securely, in a matter of minutes.
And if you're looking for gains... bitcoin is a lot likelier than gold to be up 1,000% three years from now. Even though its price has soared over the past few years, it's still nowhere near mainstream yet.
So gold and bitcoin both deserve a place in your portfolio.
Gold has stood the test of time and is a medium of storing value. Bitcoin's time, on the other hand, is just beginning. Blockchain technology is the future, and when you have an opportunity to buy the future and tuck it away, you should take it.
Good investing,
Tama Churchouse
Editor's note: Tama's little-known bitcoin technique could potentially make you 10-50 times your money... And this week, he's sitting down with Porter Stansberry – live from Baltimore – to reveal how it works. You'll also hear unique predictions about bitcoin and the crypto markets. This event is completely free to attend – just tune in Wednesday at 8 p.m. Eastern time. Click here to reserve your spot. |
NEW HIGHS OF NOTE LAST WEEK Boeing (BA)... "offense" contractor Raytheon (RTN)... "offense" contractor Bank of Montreal (BMO)... Canadian bank Royal Bank of Canada (RY)... Canadian bank Bank of Nova Scotia (BNS)... Canadian bank Kemper (KMPR)... insurance Markel (MKL)... insurance Entergy (ETR)... utilities El Paso Electric (EE)... utilities Toll Brothers (TOL)... homebuilder Meritage Homes (MTH)... homebuilder Hilton Worldwide (HLT)... hotelsLa Quinta (LQ)... hotels Wyndham Worldwide (WYN)... hotels Xenia Hotels & Resorts (XHR)... hotels
NEW LOWS OF NOTE LAST WEEK Kellogg (K)... food giant General Mills (GIS)... food giant General Electric (GE)... appliance giant Dick's Sporting Goods (DKS)... sporting goods Avon Products (AVP)... beauty products |
| 
| Triple-digit upside is possible in this mining company... While bitcoin's rally remains in the spotlight, the uptrend in platinum and other precious metals is being overlooked. And Flavious Smith believes this mining company could soar as the uptrend continues... |
Are You a
New Subscriber?
If you have recently subscribed to a Stansberry Research publication and are unsure about why you are receiving the DailyWealth (or any of our other free e-letters), click here for a full explanation... |
|
Advertisement
After spending billions to bail out greedy banks, Congress is finally bailing out hardworking citizens who save for retirement. Learn more here. |
| Don't Let These Three Reasons Stop You From Buying Bitcoin | | By Tama Churchouse | | Friday, October 13, 2017 |
| | If you have doubts or questions about cryptocurrencies, challenge yourself, and read on... |
| | Bitcoin Will Change How You Think About Money... Here's Why | | By Tama Churchouse | | Thursday, October 12, 2017 |
| | Despite bitcoin's increasing mainstream adoption and price appreciation, there remains huge debate and skepticism about whether bitcoin is really money... |
| | How to Do Even Better Than 'Dazzling' Gains | | By Ben Morris | | Wednesday, October 11, 2017 |
| | Today, we're going to show how you can use three different metrics to better measure and understand your trades... |
| | This Sector Could Soar 45% Over the Next Year | | By Dr. Steve Sjuggerud | | Tuesday, October 10, 2017 |
| | We're seeing a rare setup... one that means a certain sector on the other side of the world could absolutely soar. |
| | Capitalizing on the Surprising Upside in the U.S. Dollar | | By Dr. Steve Sjuggerud | | Monday, October 9, 2017 |
| | Nobody's been talking about it. But I think we're seeing a potentially major tidal shift for the U.S. dollar... |
|
|
|
|
