“Most people that pay attention think that 2023 is going to be a pretty good year for gold and precious metals,” he said. “Retail investors have a bit of a lag, and I think there's a lot of wishful thinking still in the stock market and a lot of hiding under the pillow and just holding cash. When you start realizing that inflation's eating away your actual savings under your mattress, I think there's going to be a retail push into gold.
Soni said that for their part, the gold investment community is waiting for clear regulation that protects them before they fully embrace gold on the blockchain. “I think until there's true visibility in the same way that ETFs are very clearly regulated, that holding physical gold and precious metals are very clearly regulated, I think until you see that same level of clarity, you're not going to have as much adoption because those customers really like that regulation.”
“Finding a happy medium, where yes you have auditors, yes you have vaults that you're supposedly trusting, but what you also have is this form of recourse. Having an undo button if you lose your keys or someone breaks into your house is a little safer in the grand scheme of things than just trusting a piece of paper with a couple of numbers on it and making sure you keep those safe. I'm a big, big bitcoin and crypto investor as well, and I certainly think that things will catch up.
I'm not going to say I can't watch Kitconews anymore without davidlin_TV but I will say the show will not be the same without him
And $ilver 👀