Topic: Gold Bugs Attack Bitcoin In their Ads (Read 3685 times)

According to other users who managed to actually watch the whole thing, gold coins.
I suspect the op is probably one of that website/scams puppets.

The website changed? Maybe he heard our sneers across the interwebs.

What alt currency that does the guy talking about? I got tired of listening. He said it is not gold or silver but like gold. What is it?

I love how during the bubble part they only focus from last August and onward. I'm pretty sure if Mr. Palmer used a longer time period his argument would break down. On top of that, during his brief discussion of gold he talks about how it grew for 12 years before "taking a break." That's such bull crap, it crashed by 30-40% just like uh a certain other thing that he's comparing...But yet one is better than the other.

And his arguments would fall flat in a logical argument. Oh, gotta love it. (Plus it's full of marketing drivel that tirelessly tries to reel you in.)

Ownership?!?!?!?!?!?

"gold coins having recognized special value to collectors of rare and unusual coins."
Some coins were exempted from seizure back then, if a executive order to steal you gold is issued again, what makes you so sure the same exception will be made?

I don't have any, lost it all in a boating accident.

As far as it going down in price, again missing the point of ownership

We all make our beds!
What percentage of the 383,820,860 pounds of mined gold do you have?

Good luck to you when things do go down, I sure hope you can go months without sleep!

Having a large supply of things that starving/dieing people are desperate for.
Brilliant! I've never heard of a better way to avoid being a target.
Let us hope none of your security help has any family/friends that you couldn't/wouldn't help.


If you really want to survive, be nomadic, we as humans began as nomads, we all have it in our blood.

Again, point is, gold is always wanted, is rare and has always had value.

If I cannot rely upon that as a financial insurance policy then Russia, China, India, supposedly the USA/UK (lies) etc are all fools for buying and stocking up on it.

I suppose your theory of what might happen to gold is far superior to 6000 years + of history and world super powers.

Ill go with the history and super powers although you are likely a smart guy, Ill hedge my bet

To stock water... build a large reservoir, and filter.  Freeze dry....

This is where it would come in handy to have enough supplies not just for yourself,  but for more people,  so you can hire plenty of help  with security:  pay in gold,  or with food, water, and friendship.
Plus some solar powered security equipment ---  cameras, surveillance, etc.

I would suggest having a large enough plot of fertile land where you can grow things,  raise livestock, and you can construct robust physical barriers.....    or select a site that  is unlikely to be disturbed and has natural barriers, such as swampland around it.

Civilization can fall apart around, but if you have fertile soil -- you can still grow enough food to survive,  as long as the disaster is not a nuclear winter scenario, where sunlight is blocked out.

There has been 174,100 tonnes(383,820,860 pounds) of gold mined.

Gold's value comes primarily from hoarders of it in struggling economies.
Once the bubble finally bursts and these struggling economies collapse golds value will plummet.

There is TONNES of gold available, back in ancient times, there wasn't.

My point is missed, the world has always seen value in gold, always.

Gold/Btc/anything only has the value that someone will pay you for it.
If I have all the food/ammo, why would I pay you at all? I shoot you down and take your gold.

The only insurance I believe in, emergency preparedness supplies.
I have a very nice bug out kit, water filter, guide to edible natural plants/survival guide with plenty of natural ways to purify water, 10W solar charger, various tools.
That is my "insurance."

Stocking water makes for nasty stagnant water, canned food rots.

Stored guns/ammo may or may not work depending on how well you shield them from the environment.
Unfortunately if your idea of survival is to hide your house shooting every living soul, you will die as soon as you fall asleep.
"Live by the sword, die by the sword." or Gun in your case.

This is the most boring infomercial I have ever seen.

And I still don't know what the secret currency is...

"Please take 5 minutes to watch this message..."
...5 minutes...

Hold on a few myths there...exempt are "collector" coins firstly. You can buy "collector" gold at spot based on condition and pay no premium if the gold is all you care about. Besides that was the US, who wants to live there lol

Secondly the old, you cant drink or eat it is true in that you cannot but many would be willing to sell food and drink for it. Likely for guns and ammunition as well.

To disregard gold as an insurance policy should shtf is foolish, it has always held value, always. $1 or $1900, doesn't matter.

I am not saying rely on it alone, I would add a water supply, guns, ammo, veggie garden etc.

One needs to be diversified, putting all in on gold or bitcoin would be crazy. I do not believe in gold or use it as a vehicle to make money, rather it is insurance, something bitcoin or any other currency cannot and has never supplied.

Did you know EVERY paper monetary system since conceived by the Romans up until now has failed eventually as well as the economy it was tied to. History shows there is NO reason to have any faith in paper and especially not electronic/internet/cryptocurrency.

Hi you are hungry, need a place to take shelter, whats that you have worthless paper, oh bitcoins you say, ok hand me them so I can go...whats that they are on a stick you say, the internet, oh you mean the one the United Nations now controls and shut down..do you have any of that you cant eat or drink stuff... gold or silver?

Mike Palmer sure does hate bitcoin 

For exactly that reason any U.S. company advertising gold for an emergency, cannot be taken seriously. All gold purchases in the U.S. are registered; no anonymous cash purchases are possible. Guess why.

It is more renting than buying really. Go to Canada if you want to own gold.

Funny stuff,
Executive Order 6102

There are three main crisis situations,
1. The government is collapsing, in which case they will enact another 6102.
2. The government spontaneously collapses, how do you eat/drink gold?
3. General Armageddon with the majority of the population dead(why will you be alive)

In situation 2 the majority of people will die during rioting/maritial law, then another big chunk will die of dehydration which has a three day time-span prior to death.
It would be at least a year before gold might come into play if you can survive/(secure your gold) that long.

In situation 3, assuming you are alive there is no logical reason to believe that Gold will have any major value in a post Armageddon world.

You are a fool to believe you can own anything in this world.
All that you have/ever have had will be taken from you eventually.

Sorry to hear about that CryptoDomains, hope it didn't hurt...

oops dp.

Gold bug here as well, you know the old sayin " if you don't hold it, you don't own it ", that is why I shake my head at the etf's and paper gold market, firstly because no one realized they don't truly hold it and secondly the manipulation.

I still like to think of the golden rule, he owns it makes the rules