Stuff That Interests Me

Bitcoin’s Looking Great. Gold Not So Much.

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Sinopsis

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comToday, we are going to look at gold, bitcoin, and our way of playing it, MicroStrategy (NASDAQ:MSTR), which has now 10xd (!) since we first covered it last year. Amazing.Finally, there'll be a short update on gold miners. Remember them?Let’s start with gold.Gold - and most other metals - has been hit since the U.S. election last week. It’s down $200, or about 7%, with U.S. dollar strength being a big factor (the dollar has been storming higher since October).While I think this bull market might be punctured, as I put it last week, and that gold probably has a bit further to fall, I am not unduly worried. 2024 has hitherto been a great year for gold, and it remains an essential long-term core holding.It is an even more essential holding for UK investors. I think sterling has big problems ahead of it, and gold serves as your hedge against crap governments.If you are thinking of buying gold to protect yourself in these uncertain