Know The Now – State Of Equity

Gold has been trending higher of late and has broken out of its range to all-time highs. Turkey, India, China have been making sizeable purchases of Gold, adding more than 30 metric tons to their reserves. On Bitcoin, theories abound. One is a halving event in April which halves the rewards for mining new coins. Another is Bitcoin’s attractive hedge characteristics to events such as currency devaluations, as recently occurred in Egypt. Third is supply and demand. There’s just not enough supply.