After going viral, Mancini doubles down that gold is king, bitcoin irrelevant

After going viral, Mancini doubles down that gold is king, bitcoin irrelevant

Gold is still the ultimate asset to own during an economic downturn, not bitcoin, and this can be proven by government actions, said Chris Mancini, analyst of Gabelli Gold Funds.

“Gold is the ultimate play…and countries are setting up exchanges, and the Chinese government and the Russian government are buying gold, they’re not buying bitcoin. That’s the ultimate play, that’s the ultimate currency. That’s what governments are going to tie their currencies to, if and when something bad is going to happen from an inflationary perspective,” Mancini told Kitco News on the sidelines of the 121 Mining Investment Conference in New York. “It’s going to be gold, it’s not going to be bitcoin.”

_________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490328854474588
StockTwits – https://stocktwits.com/kitconews

Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/

Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.

Related Post: