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comment by kleinbl00
kleinbl00  ·  3370 days ago  ·  link  ·    ·  parent  ·  post: WaPo: gold is doomed

There will always be a place for precious metals, but gold as a sink for the paranoid to salve their apocalyptic thoughts is being diversified away. John Mauldin made the point that Bitcoin is to hipsters what gold is to Tea Party 'boomers (and that Kickstarter is their "as seen on TV") and it made sense to me - people flock to gold because it's immune from centralization and currency manipulation and BTC has all that and none of the physicality.