ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
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Blog - Latest News
Gold value

Gold Value Survives the Rise of Bitcoin

June 26, 2019/in In the News/by Gray Leigh

A Struggle to Coexist: Gold Value Survives Crypto’s Rise

For generations, governments have tied a currency’s value to tangible assets. Indeed, many disapproved of the US’ move away from the gold standard. Many worried that removing the anchor of gold’s intrinsic value would spell financial ruin. Now, gold value appears to run against the value of cryptocurrency.

READ: Ultra Lithium Diversifies Into Gold with the Acquisition of Three Gold Exploration Licenses

Granted, this makes sense. After all, Bitcoin and other cryptos are attempts by non-government actors to create a measure of wealth that isn’t regulated by the major banks.

Meanwhile, gold is a symbol of established financial institutions. After all, the Post-WWII Bretton Woods agreement tied the world’s financial future to gold.

Tangible vs Digital Value

Gold ValueThe rise of cryptocurrency led many to believe gold value would plummet. However, this wasn’t the case. Instead, Bitcoin’s value plateaued and gold steadied.

Ultimately, the issue of scarcity influenced these values. In total, there are 171k estimated metric tons of gold worldwide. Meanwhile, a maximum of 21 million Bitcoins will ever be mined.

Currently, nearly 13 million Bitcoins are in circulation. Although this number steadily climbs, tying wealth to a digital asset forced optimism around cryptocurrency to plummet.

Ultra Lithium Still A Clean Energy Advocate

Gold valueEvidently, gold and crypto are at odds for this reason. One asset exists in the real world, while the other exists in a synthetic matrix.

Ultimately, the crypto market’s cooling suggests the modern economy isn’t ready to abandon a tangible asset’s value. After all, various products use gold.

Recently, Ultra Lithium diversified into gold with three exploration licenses in Argentina. While our focus will remain on clean energy, we’re excited to discuss gold’s future and present value.

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Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with lithium holdings in Argentina, Canada and the US and gold holdings in Argentina. (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

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LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

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LITHIUM

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Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
– Laguna Verde Brine Maps
Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

Lithium Uses

GOLD

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CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

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Ultra Lithium Acquires 13 Additional Gold Mining Licenses In ArgentinaUltra Lithium’s 13 New Argentinian Gold Mining Licenses Brings the Total...
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