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It is interesting the conversation about precious metals and hedging your bets further with bitcoin. I see advantages of having both, mostly for bitcoin's resistance to seizure (unless they got the only copy of your wallet file, in that case - shame on your shoddy backup plan), and gold/silver's store-of-value historically. Bitcoin will have truly 'arrived' when you have people openly recommending such strategies on the news. (But I'm not holding my breath.)
I'm wondering when we hit parity to both, I'd hazard a guess by the end of the year if not sooner.
I'm wondering when we hit parity to both, I'd hazard a guess by the end of the year if not sooner.
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I wouldn't be too worried, the price of bitcoins will bounce back to silver parity pretty quick. In a couple months a 1/1 trade of bitcoins to silver will look silly because bitcoins will be so much higher.
You know, that is kind of what I thought too. It would seem to make sense that if you had a large position in silver you would want to go ahead and move part of it over to Bitcoin.
i've already done just that with my silver bullion. i'm actually thinking of selling my gold bullion as well. risky i know.
This a funny comparison, about as correct as to comparing the price of oil at the start of the recession. Try using a better correlations.
Lookie Here 1MXgbEABic6Up7e3SzHrmkdQTTSRpuUAxY
http://www.tradehill.com/?r=TH-R1960
Lookie Here 1MXgbEABic6Up7e3SzHrmkdQTTSRpuUAxY
http://www.tradehill.com/?r=TH-R1960
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