BTC FOR SURE. Gold = deprecated, old, dinossaur asset.
Future = computers.
Topic: Bitcoin or Gold? What would you pick? - page 152. (Read 298970 times)
The government could take property besides gold and some might point out various cases where they are already trying to do this. Some of the Bundy land case aspects are not unique where the government seeks to confiscate, it can be done purely on suspicion of law breaking.
On mass I think default is more likely then confiscation. The biggest thing now is that government backs most housing debt, they hold the deeds so I wonder if under pressure the modern equal to gold would be to use property or the mortgage terms gainfully.
Still I dont see that working, they didnt take jewellery in the 30's and its really outlandish to think the government would use all that housing debt against people to pay their bills. Default is most likely imo and printing
I think at some point there will be bitcoin banks. People might be tempted to earn interest on their bitcoin holdings. Once that happens, governments can technically seize your holdings if they choose to.
Gold for sure, 
but long term bitcoin and silver. gold is in my opinion useless: after all they can confiscate it like Roosvelt did.
Government could do anything in theory but the history of that is not all gold was taken. Just your average person kept most gold as jewellery I think and this was allowed.The richer types with actual bullion made sure to keep their gold outside the borders of USA.
The government could take property besides gold and some might point out various cases where they are already trying to do this. Some of the Bundy land case aspects are not unique where the government seeks to confiscate, it can be done purely on suspicion of law breaking.
On mass I think default is more likely then confiscation. The biggest thing now is that government backs most housing debt, they hold the deeds so I wonder if under pressure the modern equal to gold would be to use property or the mortgage terms gainfully.
Still I dont see that working, they didnt take jewellery in the 30's and its really outlandish to think the government would use all that housing debt against people to pay their bills. Default is most likely imo and printing
Quote
If all the gold from Fort Knox was to be used to back up the $$$ in circuation it should be somewhere in the region of $75,000 per ounce.
I dont see this happening either. Theres not enough gold in the world to back the amount of dollars now. People say this is why the price will rise (then theres enough) but they are handing out power to which ever countries hold gold (produce or generally export).
So this could only be done by those in power globally, Washington wont force these terms on themselves. They'd empty fort knox trying to back dollars, I think Nixon's administration foresaw that
They'll keep on with QE till it fails and then it'll be a default on the terms of the debt. A haircut they call it, the creditors lose out (a large section of which are USA federal welfare funds, pension, etc)
both - diversity is a must!
Bitcoin OFC; you cant move assets worldwide like its nothing any other way.
Both Gold for long term store of wealth, Bitcoin for medium term investment.
Being a technology adopter as well as a money minded enthusiast I would use both.Gold is widely accepted by society as a precious metal
Bitcoin every single time, the idea of owning Gold has never interested me.
I will pick BTC 
oww, I have already picked it
oww, I have already picked it 
pretty nice move 
There is one good site for purchasing metals I am using GoldMoney.com created by James Turk in 2001. I used to buy a lot between 2010 and 2011 and then switched to bitcoin. ANyway I think it is the easiest way to buy & sell gold and silver. They apply Comex prices but if you want to redeem your investment they charge you for delivery of the physica bars. For those who are looking to diversify and have quick liquidity of their assets it is a perfect match.
Another site which is fully bullish on BTC is Amagi Metals. They are looking to phase out fiat.
http://blogs.wsj.com/moneybeat/2014/08/22/bitbeat-bitcoin-accepted-here-dollars-not-so-much/
The unreliable fluctuation that goes on around the bitcoin network make me choose gold rather than bitcoin.Gold is more trusted by many people around the globe witnessed and backed up by the time,while bitcoin still needs to go through the cycle.In all honesty, the Bitcoin is an experiment. We have no idea what will happen and who will oppose it.
Right. The population of old civilization like the Chinese and Indian still hold gold dearly. So it is safe to say gold is at least backed by two civilizations.
Bitcoin is backed by no one but "geek". And we all know how reliable geeks can be.
I think your definition of geeks = intelligent people.
So bitcoin is safe.
There is one good site for purchasing metals I am using GoldMoney.com created by James Turk in 2001. I used to buy a lot between 2010 and 2011 and then switched to bitcoin. ANyway I think it is the easiest way to buy & sell gold and silver. They apply Comex prices but if you want to redeem your investment they charge you for delivery of the physica bars. For those who are looking to diversify and have quick liquidity of their assets it is a perfect match.
The unreliable fluctuation that goes on around the bitcoin network make me choose gold rather than bitcoin.Gold is more trusted by many people around the globe witnessed and backed up by the time,while bitcoin still needs to go through the cycle.In all honesty, the Bitcoin is an experiment. We have no idea what will happen and who will oppose it.
Right. The population of old civilization like the Chinese and Indian still hold gold dearly. So it is safe to say gold is at least backed by two civilizations.
Bitcoin is backed by no one but "geek". And we all know how reliable geeks can be.
we need geek first, than big names, some of those geek are really rich, and it's funny because geek are among the one who are the most rich in this planet
The unreliable fluctuation that goes on around the bitcoin network make me choose gold rather than bitcoin.Gold is more trusted by many people around the globe witnessed and backed up by the time,while bitcoin still needs to go through the cycle.In all honesty, the Bitcoin is an experiment. We have no idea what will happen and who will oppose it.
Right. The population of old civilization like the Chinese and Indian still hold gold dearly. So it is safe to say gold is at least backed by two civilizations.
Bitcoin is backed by no one but "geek". And we all know how reliable geeks can be.
The unreliable fluctuation that goes on around the bitcoin network make me choose gold rather than bitcoin.Gold is more trusted by many people around the globe witnessed and backed up by the time,while bitcoin still needs to go through the cycle.In all honesty, the Bitcoin is an experiment. We have no idea what will happen and who will oppose it.
BTC. Cant move wealth across countries effortlessly any other way.
I agree. But hypothetically there may be a situation when BTC goes down and GLD/SLV goes up and such diversification can halp to buy more BTC at certain point.
If you buy Gold it better be hidden in some far away island otherwise I wouldn't even bother with it. I feel more safe keeping my BTC where I can see all of it.
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