comment by mk

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comment by mk

mk · 4289 days ago · link · · parent · post: Bitcoin loses 44% of its value in one day. Dropping from over $250 to around $150

Thanks. So it looks like investment provides ~40-50% of the gold demand. I wonder if that non-investment demand is critical for it being used as an investment vehicle. It gives it a floor. Hm. Maybe Hallmark can invent a bitcoin holiday or something. :)

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geneusutwerk · 4289 days ago · link ·

This is also a very new trend for gold. If you look at this PDF you'll see that investment demand for gold has gone from like 10-20% to 40% in the last decade.

+discuss