Great blog, great trend.
Indeed, the trend is very good and it's getting better and better. I can't till I can do all my transactions using it!
Topic: 2012-09-20 silvervigilante.com - The Near Future: When Silver Does not Protect Y (Read 889 times)
September 21, 2012, 07:33:31 AM
Indeed, the trend is very good and it's getting better and better. I can't till I can do all my transactions using it!
September 20, 2012, 06:31:32 PM
Great blog, great trend. Another post from July is even more clear wrt. how Bitcoin diversifies & insures a metals portfolio:
Bitcoins and precious metals, for the rebel, can function not only as mediums of exchange for short-and-long distance transactions, but as insurance for one another. Bitcoins comes under attack due to SOPA and PIPA type legislation? That is what the precious metals are for. Precious metals, namely gold and silver, come under political attack and nationalization? That’s what the bitcoins are for. With precious metals, bitcoins can be insured. Bitcoins are off the record, but precious metals can be more so when held in personal possession.
Bitcoin & Precious Metals, The First Diversified Portfolio of the Rebel In History
Bitcoins and precious metals, for the rebel, can function not only as mediums of exchange for short-and-long distance transactions, but as insurance for one another. Bitcoins comes under attack due to SOPA and PIPA type legislation? That is what the precious metals are for. Precious metals, namely gold and silver, come under political attack and nationalization? That’s what the bitcoins are for. With precious metals, bitcoins can be insured. Bitcoins are off the record, but precious metals can be more so when held in personal possession.
Bitcoin & Precious Metals, The First Diversified Portfolio of the Rebel In History
September 20, 2012, 06:18:12 PM
Looks like more of the PM folk are seeing that Bitcoin is a good thing to add into the mix.
Quote
The Near Future: When Silver Does not Protect Your Privacy
2012-09-20
http://silvervigilante.com/the-near-future-when-silver-does-not-protect-your-privacy/
...
All the risks of using bitcoins are present when using the dominant financial system. It’s quite obvious considering the systemic fraud of the way things are that bitcoin can only be safer. As long as you stay away from fantastical bitcoin schemes promising too-good-to-be-true returns, so far in the bitcoin experiment you would have been fine assuming you did not wrongly speculate on market volatility. The reasons to use bitcoin are much greater and diverse than the reasons to use the dominant financial system. For instance, allowing bitcoins to freely circulate will increase options for payment available to all consumers. From a merchants’ perspective, bitcoins can only bring more business, not less.
...
Where silver and precious metals fail to protect your privacy and you from political persecution, bitcoin does not.
...
Of course, holding bitcoin alone is, in my opinon, as risk as holding any one thing. In the modern age, we can not only move into alternative currencies, we can diversify in them as well.
2012-09-20
http://silvervigilante.com/the-near-future-when-silver-does-not-protect-your-privacy/
...
All the risks of using bitcoins are present when using the dominant financial system. It’s quite obvious considering the systemic fraud of the way things are that bitcoin can only be safer. As long as you stay away from fantastical bitcoin schemes promising too-good-to-be-true returns, so far in the bitcoin experiment you would have been fine assuming you did not wrongly speculate on market volatility. The reasons to use bitcoin are much greater and diverse than the reasons to use the dominant financial system. For instance, allowing bitcoins to freely circulate will increase options for payment available to all consumers. From a merchants’ perspective, bitcoins can only bring more business, not less.
...
Where silver and precious metals fail to protect your privacy and you from political persecution, bitcoin does not.
...
Of course, holding bitcoin alone is, in my opinon, as risk as holding any one thing. In the modern age, we can not only move into alternative currencies, we can diversify in them as well.
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