David Batemanformer President of Entrata, claims to have bought r $ 2.8 billion in silver In the past six months. Predict a collapse in the global monetary system, called ‘The Great Reset’He points out Gold and silver will be the “only lifeboats”.
In relation to Cryptocurrencies such as BitcoinSeen by many as a direct competitor of gold, Bateman says that They are a “psychological operation” and that together with real estate, shares and titles will lose value in the light of metals.
Reacting to his followers, he points out that today 50% of your portfolio is in silver. Others 39% is in gold” 10% in actions by heclaand the 1% remaining platinum.
Investor is preparing for the “end of the monetary world”, but does not place Bitcoin in his wallet
David Batemanformer President of Entrata, unveiled Everything bet on precious metals and at the same time offers a global financial collapse. On social networks, the investor placed a photo of various stacked silver ingots on pallets.
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“Here are the reasons why I have invested nearly one billion dollars ($ 2.8 billion) in precious metals in the last six months, including the purchase of 1.5% of the annual silver global offer.”Bateman started.
“The global monetary system is about to collapse (the big reset or basel -end game). The biggest credit bell in history will soon burst ($ 300 trillion). There is no way for the US to refine its $ 28 trillion in titles in the next four years without an obscene amount of money prints. Trumperspint -Printing Trump.
After his text, Bateman neglects cryptocurrencies such as Bitcoin by saying that they will lose value in the coming years in the arrival of metals.
“Gold and silver are the only lifeboats that really matter. Physical possession is everything. The whole world is now a refined game of chair dance; the seats are precious metals”Bateman said. “Cryptocurrencies are a psychological operation. Those who buy do not have chairman when the song stops.”
“Properties, cryptocurrencies, actions and titles will lose considerable value compared to noble metals.”
In a re-tour, Bateman shared a photo that was generated by a silver beam with the words “Bitcoin dies, silver flies”.
Community tries to convince Bateman to buy Bitcoin
Despite the long monetary history of gold and silver, some Bitcoin investors have tried to convince David Bateman to study cryptocurrency. The main name was Saifedean AmousAuthor of one of the best bitcoin books.
“Consider reading my book, the Bitcoin standard, which states that silver is dismantled, because it is mainly used in industry, exhausting their monetary shares, making them small compared to new mining, so that the new production can fall, so that any removal is prevented. In other words it lost its high inventory/flow relationship.”
Even though it is a new possession, with only 16 years of existence, the Bitcoin has already surpassed silver for market value twice In your story.
In older publications, however, Bateman says the “Bitcoin still has to be tested during a recession” And today the cryptocurrency “It only has 10% of the gold market value”.
At the time of this newsroom, the Silver is negotiated for $ 33.93 at the Jaguar. All the Bitcoin works in the range of $ 82,750.
Although Bitcoin already has a great achievement against Silver, it is even difficult to observe in images, it will be interesting to compare the performance of these two more active people in another 5 years.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
