What if bitcoin just topped? What does it change for the price of gold going forward, if anything? Many years ago, people wanted to buy gold but didn’t really want to store it in their homes, pay for safekeeping and insurance during transport, and so on. The demand gap was filled by all sorts of e-gold, e-bullion, and overall pooled accounts. This idea might seem odd to those, who are new to the precious metals market, and writing about it does make me recall that scene from the Lord of the Rings movie. “I was there, Gandalf, 3000 years ago…” Says Elrond, while describing the weakness of men a…

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