both ,but prefer gold
i use bitcoin only if I gamble ..
and it was free bitcoin, never buy
Topic: Bitcoin or Gold? What would you pick? - page 140. (Read 298970 times)
Just like a lot of people in the video who picked gold, because they think that virtual means its shady. But it's not true, they just don't understand the value and use with bitcoin. Physical and virtual can be the same thing, but I'd pick the one which I find will have a better value and growth in the future. I probably pick bitcoin, cause I have no interest in gold at the moment.
Market cap doesn't seem to be an appropriate metric to be used for comparing between currencies since how can you count precisely the market cap of the Latvian Lat in US dollars if not by using its exchange rate? The task of finding the market cap of the US dollar itself seems to be even more daunting. What are you going to count it in, in the same US dollars? I think a proper metric that accurately reflects the strength of a currency is the share of the world GDP (that should be correctly called GWP) which is denominated in that currency (i.e. total volume of goods and services produced by the country which emits that currency)...
Even if we take the GDP figures, we can see that the Latvian Lats is far behind the US Dollar. The American GDP is around $15 trillion right now, while that of Latvia is just around $32 billion. That means the the Latvian GDP is around 1/500 of that of the US GDP.
My point was not to show that the Latvian economy is somehow on par with the American one. I just tried to demonstrate that the comparison of market cap of a pair of currencies (i.e. total quantity of money in circulation denominated in some reference currency) is not much better than directly comparing the exchange rates...
Market cap doesn't seem to be an appropriate metric to be used for comparing between currencies since how can you count precisely the market cap of the Latvian Lat in US dollars if not by using its exchange rate? The task of finding the market cap of the US dollar itself seems to be even more daunting. What are you going to count it in, in the same US dollars? I think a proper metric that accurately reflects the strength of a currency is the share of the world GDP (that should be correctly called GWP) which is denominated in that currency (i.e. total volume of goods and services produced by the country which emits that currency)...
Even if we take the GDP figures, we can see that the Latvian Lats is far behind the US Dollar. The American GDP is around $15 trillion right now, while that of Latvia is just around $32 billion. That means the the Latvian GDP is around 1/500 of that of the US GDP. And we should remember that the US is not the only country which is using the US Dollar. There are a few other countries also, such as East Timor, Ecuador, Palau, and Panama, where the US Dollar is the official currency.
But I think GBP, EUR, and CHF have the higher value than USD. How could you said that the value of the currencies has lost? And I think GBP is the most stable currency in the world. CMIIW
And the one-to-one banknote exchange rates doesn't matter much. For example, the Latvian Lats is having an exchange rate of 1 LVL = $1.61. But you can't say that the Latvian Lats is a stronger currency when compared to the USD. Because the market cap of LVL can be measured in a few hundred million USD, while that of USD is in trillions of $$$.
Market cap doesn't seem to be an appropriate metric to be used for comparing between currencies since how can you count precisely the market cap of the Latvian Lat in US dollars if not by using its exchange rate? The task of finding the market cap of the US dollar itself seems to be even more daunting. What are you going to count it in, in the same US dollars? I think a proper metric that accurately reflects the strength of a currency is the share of the world GDP (that should be correctly called GWP) which is denominated in that currency (i.e. total volume of goods and services produced by the country which emits that currency)...
But I think GBP, EUR, and CHF have the higher value than USD. How could you said that the value of the currencies has lost? And I think GBP is the most stable currency in the world. CMIIW
Yes. They were having a higher value, in a one-to-one denominational comparison. But this value has fallen, by a lot. The USD vs EUR exchange rate was like 1€ = 1.4$ earlier. Now it is like 1€ = 1.1$. The Euro has lost around 30% of its value against the Dollar.
And the one-to-one banknote exchange rates doesn't matter much. For example, the Latvian Lats is having an exchange rate of 1 LVL = $1.61. But you can't say that the Latvian Lats is a stronger currency when compared to the USD. Because the market cap of LVL can be measured in a few hundred million USD, while that of USD is in trillions of $$$.
I will go for bitcoin, i believe in technology
gold will not shine anymore, its fadded but bitcoin has a bright future
gold will not shine anymore, its fadded but bitcoin has a bright future
The gold has shined us for thousands of years and I think it always shine until next centuries. Maybe bitcoin has a bright future, but it can't change the distinction of gold.
I will go for bitcoin, i believe in technology
gold will not shine anymore, its fadded but bitcoin has a bright future
gold will not shine anymore, its fadded but bitcoin has a bright future
Silver is headed below $12 and gold below $1050.
The reason for that is the strong Dollar.
No. You will see the private assets rise with the dollar after October.
The reason is because there is a mad rush into the short end of the bond curve in Europe as the contagion there develops into the BIG BANG in October (which btw has been predicting by Armstrong since 1985 when he first published his model's prediction!).
Understand that capital chases capital, because it heads where the prices are rising the fastest.
So this is sucking capital out of other assets.
Also during a contagion, the most liquid (not leveraged assets) are sold first.
This coming low in private assets is to set up their massive rise after the BIG BANG in October.
Silver is headed below $12 and gold below $1050.
The reason for that is the strong Dollar. Not only precious metals such as gold, silver, and platinum, but also other commodities such as crude oil and natural gas, as well as other currencies such as the United Kingdom Pound (UKP), Euro, Russian Ruble, Australian Dollar, and the Canadian Dollar have all lost their value in comparison to the USD.
But I think GBP, EUR, and CHF have the higher value than USD. How could you said that the value of the currencies has lost? And I think GBP is the most stable currency in the world. CMIIW
Silver is headed below $12 and gold below $1050.
The reason for that is the strong Dollar. Not only precious metals such as gold, silver, and platinum, but also other commodities such as crude oil and natural gas, as well as other currencies such as the United Kingdom Pound (UKP), Euro, Russian Ruble, Australian Dollar, and the Canadian Dollar have all lost their value in comparison to the USD.
The risk you are failing to attribute to gold is that you won't be able to find any where to sell it.
The government will close down all black markets when they move us to electronic money.
Black markets can only exist where the mainstream money is not trackable. Ponder that.
Your only chance to not lose all your wealth will be an anonymous crypto-currency. Remember I warned you and you didn't listen.
Why would someone who has anonymous crypto-currency want to trade it for gold wherein they risk their anonymity in a sting operation. Duh.
The government will close down all black markets when they move us to electronic money.
Black markets can only exist where the mainstream money is not trackable. Ponder that.
Your only chance to not lose all your wealth will be an anonymous crypto-currency. Remember I warned you and you didn't listen.
Why would someone who has anonymous crypto-currency want to trade it for gold wherein they risk their anonymity in a sting operation. Duh.
Martin Armstrong? The guy who was accused...
You are ignorant.
You've been warned. And I have not been wrong since I started following Armstrong some years ago.
Martin Armstrong? The guy who was accused of running a $3 billion Ponzi scheme, faced prosecution for fraud, then pleaded guilty, and who spent 11 years in prison? I guess you should be more picky in choosing your prophets
Nevertheless...
Quote
Gold rises when people lose confidence in government. It has nothing to do with inflation. So, when you start to worry about government is not going to survive or who’s going to win, that’s when gold rises. Short term, we still have the risk of it going under $1,000 per ounce. It’s going to flip when everything is right. It will probably max out at $5,000 per ounce. . . . You are really talking about a major reset coming. 300 years ago, that was the revolutions against monarchy. Today, it’s going to be revolution against . . . pretend democracy. We do not have a democracy
http://armstrongeconomics.com/archives/33539
Silver is headed below $12 and gold below $1050.
Most likely bottoming below $9 and $850. The lowest possible for gold in the $600s.
We have a bounce here in BTC and PMs, then headed for lower lows, which means < $150 for BTC and probably double-digits
It will be a blood bath.
You've been warned. And I have not been wrong since I started following Armstrong some years ago.
Silver is headed below $12 and gold below $1050.
Most likely bottoming below $9 and $850. The lowest possible for gold in the $600s.
We have a bounce here in BTC and PMs, then headed for lower lows, which means < $150 for BTC and probably double-digits
It will be a blood bath.
You've been warned. And I have not been wrong since I started following Armstrong some years ago.
I will chose bitcoin as currency & investment
But, i choose gold for decoration
But, gold & bitcoin is two different subject.
Expect the high price
But, i choose gold for decoration
But, gold & bitcoin is two different subject.
Expect the high price
Expect the higher prices from both in the future. But the question is which can prove to be a better investment option and Everyone believes that Gold has more bright future as compared to the Bitcoins as the users of Bitcoins are very less as compared to that of the Gold.
And I think Gold will overtake the bitcoins in the future
WTF? Right now, gold is much ahead in popularity, and much more preferred, when compared to Bitcoins. Billions around the world use gold, compared to the few hundred thousand who prefer Bitcoins. So you can't say that gold will overtake Bitcoins in the future. On the other hand, for Bitcoins to over take gold, it should get hundreds of millions of new users.
Gold is not dividable easily. We do not use it in daily life
We don not use it in daily life but we are talking about the future investment. Which would be better bitcoin or gold? And I think Gold will overtake the bitcoins in the future and if we talk about use in daily life then there are many alternatives available for bitcoins like fiat, credit card etc.
of course i will pick bitcoin 
Gold is not dividable easily. We do not use it in daily life
BIIIIIITCOIN! Gold is too heavy
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