Extremely Limited Supply and Strong Demand for Bitcoin and Litecoin Boosts Price.
Much larger supply of gold than Bitcoin or Litecoin and additional supply via paper gold derivatives and gold pools further dilutes upward price pressure on gold that may be created by increased demand.
Bitcoin is up nearly 700% over the past twelve months, Litecoin up over 1500% and gold up about a modest 15%.
Why are Bitcoin and Lite Coin Outperforming Gold?<3>There are approximately7.5B people in the world
There are approx 5.4B oz of #gold
There are only 21m #Bitcoin
There are only 84m #Litecoin
— Smaulgld (@Smaulgld) August 29, 2017
There are approximately7.5B people in the world
There are approx 5.4B oz of #gold
There are only 21m #Bitcoin
There are only 84m #Litecoin
— Smaulgld (@Smaulgld) August 29, 2017
Of the 5.4 billion ounces of gold there are at least 10x that amount of "paper gold" There are only 21m total BTC/84m LTC
— Smaulgld (@Smaulgld) August 29, 2017
Someone with just 21 #Bitcoin ($95k) has 1/millionth of all BTC
To gain a same fraction of world's gold you'd need 56 million oz ($72.B)— Smaulgld (@Smaulgld) August 29, 2017
The rise of bitcoin and litecoin has less to do with being in a bubble than simple supply and demand dynamics.
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You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
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