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Topic: I figure that swapping bitcoin for silver is a good buy (Read 1873 times)

legendary
Activity: 2324
Merit: 1125
Yes '33 was when the USD was killed. (The gold backing was significantly reduced).
legendary
Activity: 1904
Merit: 1002
And what is that definition?
legendary
Activity: 1904
Merit: 1002
And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.

My bad, it was 1917.  I don't think there was seizure of physical silver, but the penalty for storing value with it was up to 10 years imprisonment and a fine up to $10,000.  And that was when the dollar was worth something.

http://en.wikisource.org/wiki/Proclamation_2039

Quote
That the President may investigate, regulate, or prohibit, under such rules and regulations as he may prescribe, by means of licenses or otherwise, any transactions in foreign exchange and the export, hoarding, melting, or earmarkings of gold or silver coin or bullion or currency
legendary
Activity: 2324
Merit: 1125
And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.

Ok, I guess even that direct statement was to subtle for you, so let me be blunt: If gold can be confiscated, so can silver, so can copper, so can rocks, so can your home, so can you land, so can your baseball cards, so can your stocks, so can your wife.

More clear?
What is this grammar police?  Of course it can be ordered.  I simply responded to the poster who stated silver was confiscated in 1933.  Learn to read.  The larger the use network the harder to confiscate so I'm pretty sure confiscating rocks or copper would be impractical.  BTW the whole 1933 gold confiscation was mainly aimed at certificates, bank deposits.  That's the reason people like silver since it has many industrial uses and would be extremely impractical to confiscate.

Dude stop the BS. You were clearly implying silver cannot be confiscated. Learn to read your own posts. The inner most 3 ones make this whole thing clear enough.
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.

Ok, I guess even that direct statement was to subtle for you, so let me be blunt: If gold can be confiscated, so can silver, so can copper, so can rocks, so can your home, so can you land, so can your baseball cards, so can your stocks, so can your wife.

More clear?
What is this grammar police?  Of course it can be ordered.  I simply responded to the poster who stated silver was confiscated in 1933.  Learn to read.  The larger the use network the harder to confiscate so I'm pretty sure confiscating rocks or copper would be impractical.  BTW the whole 1933 gold confiscation was mainly aimed at certificates, bank deposits.  That's the reason people like silver since it has many industrial uses and would be extremely impractical to confiscate.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.

Ok, I guess even that direct statement was to subtle for you, so let me be blunt: If gold can be confiscated, so can silver, so can copper, so can rocks, so can your home, so can you land, so can your baseball cards, so can your stocks, so can your wife.

More clear?

they will never have my bitcoin tho.
my bitcoins are safe.
 Cheesy
legendary
Activity: 2324
Merit: 1125
And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.

Ok, I guess even that direct statement was to subtle for you, so let me be blunt: If gold can be confiscated, so can silver, so can copper, so can rocks, so can your home, so can you land, so can your baseball cards, so can your stocks, so can your wife.

More clear?
sr. member
Activity: 278
Merit: 250
I have good contact for silver, good price .
In bkk that is.

H
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.
sr. member
Activity: 278
Merit: 250
Silver is not very know here,thailand.
Prob wen u told the missis  i want to buy Silver, she was like "U lost it   Huh

Gr from H Hin.

H
legendary
Activity: 2324
Merit: 1125
its good to diversify your wealth.  dont have all your eggs in one basket. its a good idea to have gold, silver and bitcoins, not just one.

Or put all your eggs in one basket and then WATCH THAT FUCKING BASKET! Tongue
full member
Activity: 130
Merit: 100
I think swapping bitcoin for litecoin may result in nice speculative gains short term (over the next few months).  I traded a small amount of bitcoin for litecoin and peercoin today.

Enjoy your altcoins, thanks for your bitcoins Smiley
legendary
Activity: 2212
Merit: 1008
its good to diversify your wealth.  dont have all your eggs in one basket. its a good idea to have gold, silver and bitcoins, not just one.
legendary
Activity: 2324
Merit: 1125
And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
full member
Activity: 125
Merit: 100
And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.


Things changes, It can not happen again. Anyway, only fool wouldnt dig his gold to prevent the confiscation.
hero member
Activity: 622
Merit: 500
Swapping bitcoin for silver is prudent if your looking for stability but I think swapping bitcoin for litecoin may result in nice speculative gains short term (over the next few months).  I traded a small amount of bitcoin for litecoin and peercoin today.
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.
legendary
Activity: 1904
Merit: 1002
And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
legendary
Activity: 2324
Merit: 1125
Of course silver won't outperform bitcoins, not even close, but a trojan can't steal your silver bars.  Wink
Trojan can't steal my bitcoins. Silver bars can always be confiscated Wink

That's why Goat has burried his silver in some field (or so he claims).
legendary
Activity: 2100
Merit: 1061
Of course silver won't outperform bitcoins, not even close, but a trojan can't steal your silver bars.  Wink

I'm pretty well hedged in both  Tongue
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