Bitcoins - about to hit $5,000 per coin today!

[Mr Anabolic]

LUL

That's not me. 

[Mr Anabolic]

I own metals as insurance but again, they are not everything. Silver at $15-17 fine, gold at $1300+ I would not call cheap unless you listen to Peter Schiff everyday. If you think metals going sideways is a better buy than land since 2011 I disagree. Geography dictates land value, but where I am acreage 1-2 hours from a major metro is being bought like crazy for hunting/bugout cabins.

Again, PM's are historically very, very undervalued at current levels.  If you don't think so, fine... buy all the overpriced land you can get.  Good luck to you.

[Mr Anabolic]

as long as they can convince enough people it has value.

How much do you think Gold will be worth in a post nuclear environment?
Im pretty sure clean water and food will hold far more value.

The people who are not immediately killed will not live through that anyway. 

Gold has the 5000+ year track record of being a store of value... no digital beanie baby can touch that.

[Evo]

as long as they can convince enough people it has value.

How much do you think Gold will be worth in a post nuclear environment?
Im pretty sure clean water and food will hold far more value.

I wasnt reffering to nuclear...I meant another financial crash...

I have emergency rations prepared for a natty disaster etc.

I am now diversifying my investments more into precious metals (bullion/coin) as a means of keeping my 'wealth' safeguarded.

[Simple Simon]

I wasnt reffering to nuclear...I meant another financial crash...

I have emergency rations prepared for a natty disaster etc.

I am now diversifying my investments more into precious metals (bullion/coin) as a means of keeping my 'wealth' safeguarded.

and until the Stockmarket returns to normal and cash again has value you have some useless lumps of metal.

[Evo]

and until the Stockmarket returns to normal and cash again has value you have some useless lumps of metal.

So gold has only had value since the stock markets opened, didn't know that.

[Evo]

What were soldiers paid with in days gone by?

What did banks lend against?

What backed currency across the globe?

Oh yeah those worthless lumps of metal...

[El Diablo Blanco]

Hindsight can make anyone look smart.  Just post about 10 different stocks or currencies that will go up, wait a year and cherry pick the one you were right about and brag about how smart you are.

Bitcoins are popular for a couple reasons.  Weapons and drugs.  With Trump creating such instability in this world, people are hoarding weapons and using drugs to numb themselves.

[HTexan]

Cash, Gold, Bitcoin only have value if people decide it has value.

So , if government fails as the monetary system is fucked, bitcoins value are valued in dollars, without dollars to base it on how much is a bit coin worth.

Its exactly the same with Gold, Gold is valued at $x per ounce, so without the dollar Gold is worth what?

You realize that dollars are a US currency right?

[Griffith]

China have now declared Bitcoins 'illegal'.

[El Diablo Blanco]

How useful with bitcoins be when there's a nuclear war and electricity is down, cell towers don't work etc...? How are you going to access them to trade?

[Simple Simon]

You realize that dollars are a US currency right?

what has that got to do with my point?

All I'm saying is you need a medium of exchange (cash/ currency) for gold to have any value.

[Evo]

what has that got to do with my point?

All I'm saying is you need a medium of exchange (cash/ currency) for gold to have any value.

Why can't gold have a value?

e.g. for 1 weeks work I would pay you 1g of gold?

[lightweight]

Why can't gold have a value?

e.g. for 1 weeks work I would pay you 1g of gold?

$43 a week sign me up

[Evo]

$43 a week sign me up

In a post nuclear, economic graveyard of a planet, $43 a week would make you upper class!

[Simple Simon]

Why can't gold have a value?

e.g. for 1 weeks work I would pay you 1g of gold?

great , now, how do your pay your bill at the store, shaving a bit off?

also bear in mind the total Gold ever mined in history amounts to 5 Gold rings each per person on the planet.

You still think Gold is a valid form of currency?

[HTexan]

what has that got to do with my point?

All I'm saying is you need a medium of exchange (cash/ currency) for gold to have any value.

Please Reread post. Hope this helps!

[SOMEPARTS]

Hindsight can make anyone look smart.  Just post about 10 different stocks or currencies that will go up, wait a year and cherry pick the one you were right about and brag about how smart you are.

Bitcoins are popular for a couple reasons.  Weapons and drugs.  With Trump creating such instability in this world, people are hoarding weapons and using drugs to numb themselves.

Trump derangement syndrome is real!

[gib]

China have now declared Bitcoins 'illegal'.

Wrong. They have declared icos illegal. Bitcoins are not icos and are being heavily mined and invested in by china.

[Evo]

great , now, how do your pay your bill at the store, shaving a bit off?

also bear in mind the total Gold ever mined in history amounts to 5 Gold rings each per person on the planet.

You still think Gold is a valid form of currency?

Fair comment re the shaving a bit off.......But I've gathered a few coins of various sizes/values lol

Seriously though...


I'll stick with my investments in precious metals...it has served financiers well in the past...safer than stocks and shares...


For instance my platinum reserve's value is on the whole increasing now.... when/if the Au:Pt ratio corrects it's self I'll have a tidy little profit.

[jr]

I wonder how much bitcoin he has secretly accumulated over the years.

[El Diablo Blanco]

I wonder how much bitcoin he has secretly accumulated over the years.

For every article for Bitcoins you can find 2 against.

[Simple Simon]

Fair comment re the shaving a bit off.......But I've gathered a few coins of various sizes/values lol

Seriously though...


I'll stick with my investments in precious metals...it has served financiers well in the past...safer than stocks and shares...


For instance my platinum reserve's value is on the whole increasing now.... when/if the Au:Pt ratio corrects it's self I'll have a tidy little profit.

but you still have to exchange it for cash for it to have any value.

Thats my point...

[SOMEPARTS]

I wonder how much bitcoin he has secretly accumulated over the years.

When he either accumulated enough to sell, or is getting paid to push them. I mentioned him in an earlier post. I don't dislike him, but he sells his book(figuratively) to anyone who will listen.

[Mr Anabolic]

When he either accumulated enough to sell, or is getting paid to push them. I mentioned him in an earlier post. I don't dislike him, but he sells his book(figuratively) to anyone who will listen.

Schiff was right about the dot.com bubble and the housing bubble (while everyone on MSM laughed and made fun of him).  He his usually very early with his predictions, but his fundamental analysis is spot on.