by Daily Bell Staff
The Daily Bell
Is Gold On Its Last Legs? … I am about to make a bold call on the future price of gold . Clearly, no one knows the future, but I firmly think that the preponderance of the evidence points toward dramatically lower prices for the yellow metal over the next 24 months. In fact, I expect gold prices to drop below $1,000 per ounce by October 2018. – Nasdaq
More nonsense about gold. It never ceases. Now we are being told that the blockchain itself will erase the value of gold, which has probably existed for 10,000 years or more.
The idea here is that the blockchain provides such security that something like gold, with millennia of perceived value is going to be deemed unnecessary.
Once value can be ascertained via technology, the need for actual money metals will be removed.