It's durable.
It's portable.
It's fungible.
And it carries intrinsic value.
Surely we're referring to gold and silver, ya?
Nope.
Gold and silver bugs have now tras*ferred these arguments — the ones they used to insist that their metals were the only safe investment — to something seemingly gold and silver's antithesis: Bitcoin.
Bitcoin is a form of electronic cash designed to bypass financial institutions. It's created by computers, which "mine" for it by cracking preset algorithms.
The biggest advocates of Bitcoin on the internet are folks that for a long time were non-stop touting gold and silver as the true forms of money that could be used to rebel against the existing regime.
Max Keiser has pushed silver like crazy for years. He even advocated the notion that somehow if you bought silver, then you were harming JPMorgan.
Another huge precious metal bug is the Canadian Jeff Berwick, who uses the monicker The Dollar Vigilante.
Read more:
Gold And Silver Bugs Now Tout Bitcoin - Business Insider
