Are You Buying Bitcoin or Gold?

Are You Buying Bitcoin or Gold?

People buy gold as a store of value.

But in my experience, when you need gold the most to hedge your portfolio, it hasn’t worked.

During the financial crisis, people moved their assets into gold. But it sold off along with stocks.

And during the crisis last year when the pandemic hit, gold dropped when the stock market did.

Today, Steve Fernandez and I discuss why bitcoin could replace gold as the world’s store of value.

(If you’d prefer to read a transcript, click here.)


Ian King cryptocurrency bitcoin expert at banyan hill publishing signature

Ian King

Editor, Strategic Fortunes


Morning Movers

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ChemoCentryx Inc. (Nasdaq: CCXI) is a clinical-stage biopharmaceutical company that is up an incredible 70% this morning after it received Food and Drug Administration approval for its vasculitis therapy. This is the first new drug to treat the rare autoimmune disease in a decade.


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Datang International Power Generation Co. Ltd. (OTC: DIPGF) is a Chinese electric and heat utility that is up 10% this morning on concerns of low supply of natural gas for heating this winter.


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Impala Platinum Holdings Ltd. (OTC: IMPUY) engages in mining, processing, refining and marketing platinum, palladium, rhodium, cobalt and nickel. It is up 9% on no real fundamental news.


Momentive Global Inc. (Nasdaq: MNTV) offers survey software products that enable customers to measure, benchmark and act on stakeholder feedback. It is up 8% this morning on the news that it is exploring a sale of the company.


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Offerpad Solutions Inc. (NYSE: OPAD) is a digital real estate platform that enables buying, selling, renting and renovating properties. It is up 8% thanks to positive media attention on the growing number of regional real estate markets it serves.


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