DISCLAIMER: GOLDINVESTMENTCOMPANIES.COM IS AN AFFILIATED PARTNER FOR GOLDCO PRECIOUS METALS, AUGUSTA PRECIOUS METALS, AND BIRCH GOLD GROUP, PROMOTING THEIR GOLD IRA, GOLD 401K TRANSFER AND BITCOIN IRA SERVICES AND PRODUCTS.
Cryptocurrency helps gold, said Sandstorm Gold (TSE:SSL) CEO Nolan Watson.
Watson spoke to Kitco on late November.
Watson said cryptocurrencies are “definitely a competitor to gold to a certain extent,” but the total value of gold globally is still several trillion dollars larger than crypto. Nolan added that cryptocurrencies are helping educate others on the reason to hold gold.
“Crypto has just captured the minds and imaginations of all of the young people around there. There’s not a single 20-year-old that I know who doesn’t own some crypto. It’s teaching an entire generation that they need to look for alternatives [to fiat currencies].
Nolan believes there will be some “reckoning” for cryptocurrency holders due to “so much fast money.”
“Gold really is the ‘gold standard’ of alternatives to fiat currencies.”
0:45 – Sandstorm Gold’s Hod Maden feasibility study
5:49 – Royalty and streaming business is booming
8:43 – Inflation and money printing is going to help gold
10:03 – Cryptocurrency versus gold
12:05 – Sandstorm Gold production outlook
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.