Monday, August 28, 2017

Bitcoin appears to be in a price bubble

Watch the video above or click here if it does not play.

I do have Gold and Silver coins and never sold any. My plan is for my children to have them someday. The only problem with that is before this is over Gold and Silver may turn into a gigantic bubble, it may just go sky rocketing. If Gold and Silver turns into a bubble, I may have to sell.

There are over 2000 crypto currencies so far. All this happened in just a few years, last 10 years in-fact. You know whats happening with the price of Bitcoin. You just look at the chart and compare that chart to the bubble of any chart in history and you would have been very worried. So I am not buying any crypto currency. I see all the signs of a bubble right now. If and when things calm down, hopefully I might be smart enough to get involved, if that's the right thing to do.

Other topics include why Mr Rogers wants his kids to speak Chinese Mandarin and more on the upcoming horrible market.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.