Author

Topic: Historical gold price (Read 1006 times)

donator
Activity: 1722
Merit: 1036
March 22, 2013, 05:28:46 PM
#7
In an extreme "Mad Max" SHTF collapse scenario, if things really turn that sour, we're all doomed for anyway, and either death or running for holes in the hills with provisions, weapons and ammo might be the only options left.

That has happened countless times before. The gold is there to be hidden when the crisis hits and uncovered when it abates. Buying weapons with all your stash will likely not increase your chances of survival, but will ensure that you don't have the gold when its value is restored.

Ergo, if you await conflict, buy bitcoins, not ammo. Only MPOE-PR thinks that gold is bought to be spent during the hard times. Yes, that is stupid, but maybe she does not have enough experience on gold to utter much sensical concerning it.
hero member
Activity: 868
Merit: 1000
March 22, 2013, 03:55:15 PM
#6
{october 2010 ($0.05 /btc) -> march 2013 ($70/btc) 140,000%}

Haha, that's so sick!

legendary
Activity: 1414
Merit: 1000
March 22, 2013, 03:51:16 PM
#5
But we did that with bitcoin in a little over the past two months.

Exactly, and Bitcoin is just starting (still on runway).

 (beta testing .. "count down: 22 minutes to start, STOP STOP STOP blockchain FORK" )

{october 2010 ($0.05 /btc) -> march 2013 ($70/btc) 140,000%}
member
Activity: 84
Merit: 10
March 22, 2013, 03:33:20 PM
#4
It's strange, how perceptions change.

If you'd invested in gold in 2003, and timed the peak perfectly to sell in 2011; you would have made roughly five times what you invested.  Over about eight years.

And man!  Didn't that look awesome; at the time?

But we did that with bitcoin in a little over the past two months.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
March 22, 2013, 02:24:22 PM
#3
Long term, I believe both bitcoin and PMs are seriously undervalued, but it seems society or "the market" - possibly manipulated by banksters/TPTB - doesn't agree with my sentiment. Yet.

In an extreme "Mad Max" SHTF collapse scenario, if things really turn that sour, we're all doomed for anyway, and either death or running for holes in the hills with provisions, weapons and ammo might be the only options left.
hero member
Activity: 811
Merit: 1000
Web Developer
March 22, 2013, 02:20:46 PM
#2
Yes.
hero member
Activity: 868
Merit: 1000
March 22, 2013, 02:18:22 PM
#1


As bitcoin is digital gold, will it follow the same development curve ? Bitcoin hasn't reached the value of 1 oz gold as it was back in 2004 yet, the question is - will we see that in the future ? I think we will. And from there, who knows where it's headed.. What do you think ?
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