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In this video, I discuss the recent gold discovery in Uganda that has the potential to double the above-ground supply of physical gold. If this discovery is as large as it seems, it could have a devastating effect on gold as a store of value.
By contrast, Bitcoin’s max future supply and issuance are much more certain. You can fork Bitcoin to increase its max supply, but no one will join you. You’ll be playing donkey basketball, while everyone else is playing NBA basketball.
For this reason, Bitcoin will prove to be a much better store of value than gold over the coming years.
Not investment advice! Consult a financial advisor.
Gold bugs:
https://en.wikipedia.org/wiki/Gold_bug
Watch the Fed’s balance sheet grow:
https://fred.stlouisfed.org/series/WALCL
Why Gold And Silver Are Much Worse Than Bitcoin:
Uganda finds 31 mt of gold ready to be mined:
https://thefederal.com/international/uganda-finds-31-mt-of-gold-ready-to-be-mined-signs-up-chinese-firm/
Total gold market cap:
https://companiesmarketcap.com/gold/marketcap/
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
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