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Why is Gold Beating Bitcoin and Altcoins?
How the Government Robs You Blind
Why is Gold Beating Bitcoin and Altcoins?
When I came to the United States in 1987, a pack of cigarettes cost $1.19. If I had $1,000, I could buy about 840 packs.
Today, a pack of cigarettes in the United States costs about $10.25.
With that same $1,000, I can buy only 97 packs. In other words, I could’ve bought 8x as many packs of cigarettes 30 years ago than I can today.
Now, compare that to gold…
In 1987, the price of gold was $390 per ounce. That means it took about 0.35% of an ounce of gold ($1.19) to buy one pack of cigarettes.
Today, gold trades around $3,720 per ounce. So, 0.35% of an ounce of gold at today’s prices would be $13.02.
That’s enough to buy you one pack of cigarettes with a couple of bucks left over.
Friends, I want to be clear. My examination of historical cigarette prices isn’t an endorsement of smoking. But cigarette prices can tell us a lot about inflation.
You see, unlike dollars, the same amount of gold today buys the same number of cigarette packs it did back in 1987.
And that’s what makes hard assets like gold special.
While the value of paper money slowly rots away due to inflation, the buying power of hard assets never changes. That makes them a superior storehouse of value when compared to cash.
For most of human history, the single greatest protector of buying power has been gold. But I believe gold will soon lose that title to another asset.
Teeka: “I’ve waited six long years for this”
In 2019, two rare economic forces collided in the crypto market.
What happened next shocked everyone…
A handful of my readers turned $1,000 into $42,000… $55,000… even $715,000 — in less than two years.
I’ve been waiting six long years for those same conditions to return. And now, they’re about to collide again.
This October, I believe we’re standing at the opening of a brand-new Money Multiplier Window.
That’s why I’m hosting a free strategy session on Wednesday, September 24 at 8 p.m. ET.
During this event, I’ll share:
Why this October catalyst could change everything in crypto
My full blueprint for navigating this window
And details on my top six coins poised to soar
How the Government Robs You Blind