Jim Rogers: Bitcoin in Bubble Territory?

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The legendary investor tells Silver Doctors, “Just because it looks like a bubble doesn’t mean its the end of the story.”

Roger’s says the Internet will change money as we know it. Will Bitcoin be the change? Possibly, however, Bitcoin looks like a bubble right now, he says. “Bubbles can go on a long time, and they often do,” Rogers notes. “Just because it looks like a bubble doesn’t mean its the end of the story.”

The world has a money problem. People are losing confidence in governments and their currencies, Rogers says. At these times throughout history, people have moved their focus to gold and silver.

The Fed is expected to raise rates soon, and possibly a few times in 2018. Rogers says raising rates could be a catalyst for a stock market crash. Gold and silver will crash along with the stock market initially. However, he hopes at that time he’ll be smart enough to buy more. “Before this is over,” he says, “gold and silver are going to get very over priced.”
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Better Alternatives to Bitcoin | Adam Mesh

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Adam Mesh is the first to say that he doesn’t understand Bitcoin. Join the club! However, he does understand markets and trading, that’s what he does. While he has no idea whether Bitcoin will go to $1 or to $1 million, he sees many opportunities in trading. And as far as Bitcoin futures are concerned, Adam says, “How could anyone go to bead at nigh holding a Bitcoin futures position?”
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BITCOIN HYSTERIA, $100,000 Bitcoin Coming? | Michael Pento

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Bitcoin skyrocketed more than 60% this week to over $17,000. What’s next? Michael Pento from Pento Portfolio Strategies joins Silver Doctors on this SD Weekly Metals & Markets to discuss.

Bitcoin reminds Pento of the tulip mania. “It’s going to burst, and it’s going to end very, very badly. It can go to $100,000 – it’s going to do so without me.”

Pento sees continued pressure on gold and silver prices. The passage of “tax reform” makes it likely the Fed will continue to raise rates into 2018, he says.

Today’s job’s report boosted the stock market. The stock market is trading at 140% of GDP. 50% GDP is normal. “We are extremely stretched valuation wise,” Pento says. He sees the Fed’s rate hikes to invert the yield curve, sending the economy and asset bubbles tumbling down into a crisis worse than 2008.
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“Gold & Silver are the Cheapest Assets in the World” | Bill Murphy

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With Bitcoin soaring above $10,000, the stock market making new highs, and gold and silver crashing, Bill Murphy comes on SD Metals & Markets to discuss this unprecedented week in the markets.

Murphy stresses precious metals have become extremely undervalued. Gold and silver are the cheapest they’ve ever been relative to other assets, he says.

Today, Bitcoin is $10,000. But tomorrow, that could be gold’s price. SDBullion’s James Anderson say Bitcoin’s spectacular rise makes $10,000 gold more believable.

Murphy discusses Bank for International Settlements data that shows further evidence of gold price rigging.

In the short run, both Murphy and Anderson see the gold market is looking stronger than silver.
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Ignore the Mainstream, the Economy is Broken | David Morgan

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The corporate media keeps telling us the economy is growing, but don’t believe the lies. Cryptocurrencies are telling us a different story…

Morgan also answers the question: Is there a silver shortage? Silver guru David Morgan says there hasn’t been a shortage in a decade.

Morgan is optimistic for the silver market. Silver is making a higher low than in 2015, meaning the bull market is still alive. He sees silver rising above $20/oz.

The movement into crypto-currencies is evidence people are losing faith in paper currencies, Morgan says. Inevitably, paper currencies will collapse, and people will search for alternatives.
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