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Digital Subscriptions > COINage > June 2019 > WOOD FOR HORSES; PLATINUM FOR CARS

WOOD FOR HORSES; PLATINUM FOR CARS

On April 24th, in the year 1184 B.C., when the city of Troy fell to Greek invaders, the Trojans hauled the “gift “ left by the Greeks, the great wooden horse, into the walls of Troy.

Another April 24th, this one in the year 2017, is also the anniversary of the last day that the Bitcoin/gold ratio was under one, a great gift to hard money investors that can overcome a decade of indoctrination against Bitcoin. One way to quantify the relationship between gold and Bitcoin is to compare the ratio of Bitcoin to gold. The recent crash in the BTC/XAU (Bitcoin/Gold) index from 14 to just over three may represent a similar buying opportunity; I note bullish technical divergences in this ratio, and the overall hysterically bearish sentiments towards Bitcoin in general.

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About COINage

CoinAge June 2019, Detecting the Newest & Best Fake Coins, Ruined & Rescued : Wildfire Coins Restored, Coin Collecting through the Ages, And More....