Bitcoin versus gold: Which is better during outbreaks like coronavirus?

By Kitco News / February 20, 2014 / marketsanity.com / Article Link

the coronavirus, said Clem Chambers of Investorshub.com, who considers the largest cryptocurrency to be the "flight asset of choice".

"Bitcoin is now proven to be of use, because you can buy it and turn it into fiat very, very quickly and very, very easily international. So, if you had to make plans quickly, as a lot of people in Asia I'm sure are worried about being kettled in their cities, not just in China, you'd want to have the ability to take $100,000, $200,000, a million five million dollars worth of assets abroad with you," Chambers told Kitco News.

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok