With Cryptocurrencies like Bitcoin on being around nowadays. It could be safe to say that Gold no longer serves the purpose as being the primary investment of choice as it is too regulated and is very hard to spend it at face value when needed.
We could be at the dawn of a new era where Gold is nothing but an awe for Artist and Jewelers to play with or the electrical conductor it is needed to be within the smart devices of the future. Cryptocurencies have grasp the attention of investors globally so much that holders of silver are shaking as the downtrend resumes and there are now trades between gold and bitcoin crosses.
It's only appropriate to say that someone somewhere that has gold holding on to would very much like to hold on to some bitcoin. The option is pretty clear which the crowds rather having. Bet it is easier to cash out your bitcoin on cars, products and services than you can with gold.
One could deeply consider forgetting the concept that gold and silver is money. When land is being traded in exchange for Bitcoin one does not need clairvoyance to see where the future is heading.
So you are promoting the idea that digital, coded financial instruments will make physical, industrial and rare hard assets like silver and gold obsolete?
Clearly you don't understand the precious metals markets and why these metals are so valuable.
Don't get me wrong, cryptos are also a good investment - but only some of them, and PMs have stood the test of time and will always retain their value due to the physical limitations and scarcity due to their physicality and unique characteristics. Cryptos also have unique characteristics but cannot be used in industry (except indirectly for payments/exchange), and are limited by the artificial platforms on which they operate.
Just my 2 cents
Nice add. Gold and Silver as hard assets for industrial uses will in no time become an obsolete. However Gold and Silver as "Money" was loosing its functionality over the years and we may soon see the end of it.
Hey, if you have any gold you dont want, ill be happy to take it off your hands. Never forget what is and has always been real money.
My view is that "real money" is whatever I can immediately exchange for healthcare, food and the ownership of land with fruitful soil. Gold is just another metal, when I have it I sell it.