Gold Miner says that investors prefer to secure themselves against inflation with gold, not with crypto - economics
Gold Miner says that investors prefer to secure themselves against inflation with gold, not with crypto - economics
the CEO of a gold mining company based in Canada, Mark Bristow, insisted that gold currently has only a slight downward risk. He also emphasized the precious of the metal and that it was a better alternative value storage than cryptocurrencies.
better inflation protection
Mark Bristow, the CEO of the Barrick Gold Corp. -based Barrick Gold Corp., recently argued that gold had only a slight downward risk and investors who want to protect themselves against inflation would show the precious metal cryptocurrencies, according to a report. The CEO made these comments, although some analysts predicted that the precious metal will cost an average of $ 1,683 in the fourth quarter of 2022.
as before Bitcoin.com News finished the gold price, which started 2021 with a trade over $ 1,900, almost 4 % lower. According to a report, the decline in the metal in 2021 seemed to fall together with a time when the inflation rates rained up.
Despite the remarkable decline in the precious metal since the beginning of 2021, Bristow has existed during a interview Control.
"The risk is on the top. I don't think that the downward risk is very large," Bristow is quoted.
the crypto-against-gold debate
The CEO, which was previously recommended that" nobody believes in fiat anymore " Interview opportunity to again express his views of the gold-against-crypto debate. He explained:
Take a look at gold and its precious nature - you cannot print it and you cannot make it. You can create cryptocurrencies and there are many of them. If you are in a dynamic phase like the current one and the world is unsure, it's always good for gold.
Despite the optimistic views of Bristow, the gold price has been under $ 1,850 since the beginning of 2022, a number that is more than $ 200 below the all -time high of the metal of over $ 2,070, which was recorded in August 2020.
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