With Bitcoin, Are Gold & Silver Obsolete? | Philip Kennedy

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With Bitcoin emerging as a “contra-asset,” are gold and silver obsolete? Philip Kennedy from Kennedy Financial tells Silver Doctors it would be hubris to say the days of gold and silver are over. He says gold and silver will increase in purchasing power during the next crisis.

With Bitcoin emerging as a “contra-asset,” are gold and silver obsolete? Kennedy says it would be hubris to say the days of gold and silver are over. He says gold and silver will increase in purchasing power during the next crisis.

But Bitcoin may prove to be extremely profitable, Kennedy says. He shares his perspective on the correct ratio of metals and cryptocurrencies in a portfolio. Bitcoin is “evolutionary,” meaning it will fundamentally change our way of life, he says.

The economy is fake, Kennedy says. While Trump says he wants to help the economy, all he’s done is prop up the stock market.

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