Loading ...I actually like Brian Kelly and have heard him be the only guy on CNBS to recommend gold several times before. So, it’s a little disappointing to hearthat he now recommends shorting it. Course, when he said to go long , I’m not sure I remember it being the right call or not.
I did hear him say once “the first country to back their currency with gold, wins” and I believe he was referring to Russia or China at the time.
Good piece by Mike Krieger today on ZH dealing with Bitcoin and fear. I’m not a Krieger fan but I think he nails it.
“The main reason is because I could see the potential and didn’t allow myself to make decisions based on fear. Fear overwhelms you, stunts your growth, makes you miss out on opportunities, and ultimately prevents you from living a fulfilled, interesting life. I know plenty of people who saw the potential of Bitcoin, but didn’t buy any or embrace it out of fear alone. Fear governments wouldn’t allow it. Fear the power grid would go down. Fear they’d be hacked. Fear overwhelmed them and prevented them from becoming involved in one of the few areas of this terribly corrupt economy filled with actual innovation and optimism. In my years in this space, I’ve found crypto currency people (especially the old school ones), to be some of the most humous, talented, decent and optimistic people I’ve ever met. So what if it goes to zero? The whole journey has been one of the most interesting of my entire life and worth every minute. As I noted on Twitter earlier today…”