Google announced on stage a few numbers to update its progress on its hardware program – the company said that it’s sold over 55 million Chromecast devices, and that it has provided over 100 million answers to users via Google Assistant, its voice-powered AI software.
The other success metric that Google noted was that its Google WiFi mesh networking router is the top-selling in that category in both the U.S. and Canada. It’s still a relatively young category, but there are lots of entrants now, so that’s impressive.
Google didn’t share any specific numbers on WiFi sales, however, nor did it reveal numbers for Pixel sales, though it said that the smartphone is selling well – despite Google not being able to make enough, even.
Analyst estimates suggest that Pixel sales weren’t huge (not by a long shot) but it’s a start, and apparently Google is still eager to continue the program....
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Many precious metals investors are starting to question whether gold and silver are still the best store of wealth in the future. The reason Alternative Media community is starting to have doubts about their gold and silver investments is due to the rapidly rising value of the cryptocurrency market. Also, a number of precious metals analysts have jumped ship and are now only supporting the cryptocurrencies as the next best thing since sliced bread.
While some precious metals analysts now believe that Bitcoin and cryptocurrencies are the better assets to own in the future rather than gold and silver, I do not belong to that group or mindset. I differ from these analysts based upon my energy analysis. Unfortunately, these analysts that promote cryptocurrencies as the “New” digital assets of the future, are ignorant about the Falling EROI – Energy Returned On Investment, or are clueless to the dire energy predicament the world is facing.
I’ve received many emails from followers who wanted to know my opinion on the matter of “Precious Metals vs. Cryptos.” So, I thought it would be a good idea to discuss the fundamental reason why I believe the precious metals are still the KEY ASSETS to own in the future.
GOLD vs. BITCOIN: Price & Monetary Traits
While the gold price has increased significantly since 2000, Bitcoin’s price has gone up exponential in a short period. The amount of gold that can be now purchased with one Bitcoin has increased dramatically from less than a half ounce at the beginning of 2017, to 3.4 oz currently:
(chart courtesy of xe.com)
Normally, exponential price rises do not last. However, Bitcoin might be the one asset that is