Gold's stock value was 1 trillion dollars in 1999 & almost hit 10 trillion dollars in 2011 - currently sitting on 7.437 trillion.
Bitcoin's crypto value was 20 billion & now has risen to 120 billion in much the same manner.
What many do not realise is that whilst Bitcoin might rise another 10 fold up to 1.2 trillion there's every good chance that gold will rise in it's next cycle from 5 to 10 fold.
Gold's next cycle high is due in early 2020 & a 5 fold rise would raise it's stock value to 37 trillion dollars - 10 fold up to 74 trillion (and some fear bitcoin overtaking gold).
This rampant growth in safe haven wealth money in both Gold & Bitcoin is representative of the inflationary rise in fiat assets that has been fueled by Central Banks around the world.
At this stage of the financial cycle with sharemarkets looking topped out, bonds & many fiat assets most overvalued it is good to have a foot in both Gold & Bitcoin to secure ones wealth through the coming financial meltdown.
No doubt the oldies prefer gold & the youngsters prefer bitcoin but the asset classes are much the same - secured wealth stored away.
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Nick Laird Chartist / Member of the Goldbroker.com Editorial Team
I opened Sharelynx.com up in 1998 and have spent the last 16 years making charts and collating data. I have been saving, storing and collecting all facets on gold for the last 3 decades and have built up a huge collection. I'm a one man show doing all the hosting webpage design and installation plus chart creation and databasing. I also supply charts and datafeeds to a number of other gold themed websites. In the late 1990's I was very active on the Kitco Gold Forum and then later on the LongWave forums. Since mid 2005 I have pulled away from any public interaction with forums and now spend all my time collecting and collating data and making charts and new webpages.