Gary Goldberg, Newmont Mining CEO, discuss keeping up with competition coming from bitcoin and technology’s role in his gold business.
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Newmont Mining CEO Gary Goldberg: We’ll Keep An Eye On Bitcoin | CNBC

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10 COMMENTS

  1. The problem is that with a quantum computer you can hit all servers in one. The technology is coming in less than 5 years and bitcoin will cost $1 better sale before this happens. Mining will means nothing with this new computers.

  2. Are you serious Mr. Goldberg? Wake up man, the banks are eating your lunch. According to former hedge fund manager Michael Novogratzcy "Bitcoin is winning out as DIGITAL GOLD." Yes you read that correctly, its about perception management and you are LOSING –  unbelievably the banksters have convinced "investors" (and I use that word loosely) a line of bit code, a sting of zeros and ones that exists solely in the ether, has 10 times more value than an ounce of physical gold. Contrary to the opinion of their CEO, analysts at JP Morgan Chase now believe (less than a month later BTW) Bitcoin has changed its shape and that it could soon be joining gold as a reliable, long-term way to store wealth. "Recent growth and recent changes have seen Bitcoin lean more towards being DIGITAL GOLD, and this is where JPMorgan sees its value." READ THAT AGAIN GOLDBERG. This bitcoin Ponzi coupled with the constant price suppression of precious metals using unlimited paper derivatives looks very sketchy to say the least. You look like a deer caught in the headlights. Its time to man up and find your ball sack dude. The next time someone shorts $1.7B notional gold be a patriot (or at least a responsible CEO) and make them deliver; after all you are a gold mining company. Because they are coming after you, and you can be sure they have plenty of bitcoin ammo for shorting gold and juicing bitcoin in the new bitcoin futures market (what a joke – BTW Mr. Dimon me thinks you doth protest too much).

    Thank God for this headline "Crypto-Mining Exchange Confirms It Was Hacked, $62 Million In Bitcoin Stolen." Yeah Bitcoin is as good as gold.

  3. Bitcoin and gold are way too different. Apples and oranges.

    My view is that bitcoin will appreciate against gold. But gold is tangible, bitcoin is not. Bitcoin is more of a medium of exchange.

    A lot of people buy gold to protect themselves against inflation. Bitcoin in principle can do that too. However bitcoin is experimental. Gold is a lot safer than bitcoin.

    However If someone gave me a million dollars to spend between bitcoin and gold I'd choose bitcoin because It's a lot easier to transact using bitcoin.

    Bitcoin is also much easier to store and transport. And it's practically impossible to steal if secured properly.

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