Precious metals are not useful in a collapse scenario!

markj113

legendary

Activity: 2254

Merit: 1043

Quote from: iamnotback on April 16, 2017, 01:10:36 PM

Lol. Bitcoin and gold are roughly the same price. Gold is going to $5k max, Bitcoin to $500k.

Buying gold is an impoverishment plan.

Crypto-currency and blockchains will subsume everything.

Tinfoil hats and @dinofelis will be left behind.

Now we know why the Bible says we will throw our gold and silver into the street. Precious metals will become relatively worthless. Remember iron used to be a precious metal (its documented in Rise of Knowledge, Decline of Finance essay). Commodities are on inexorable trend of lower value (because we can increase their supply at lower costs with new technologies for mining). And gold can't compete with Bitcoin's better attributes.

When you say gold and bitcoin are the same price you are ignoring total market cap and just cherry picking units of measure as they are not directly comparable.

Why do you think bitcoin will be the crypto of choice. Why won't the central banks and governments steal and improve the tech and launch an international crypto they control? (It would also have all the required legislation and incentives in place to attract large investment organisations)

Bitcoin proves the theory and nothing more.

You say commodities are getting cheaper due to better tech but they are reliant on energy and energy prices only ever go one way over the long term.

Also trying to discredit those that invest in previous metals by calling them tin foil hats doesn't further your argument.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: manselr on April 16, 2017, 07:21:54 AM

I agree with $500,000 prediction being too high, even $100,000 is still to high. Gold is a 5000 year asset, no way Bitcoin will surpass it in 13 years from now, just not possible! Sorry, but it's nonsense.

Lol. Bitcoin and gold are roughly the same price. Gold is going to $5k max, Bitcoin to $500k.

Buying gold is an impoverishment plan.

Crypto-currency and blockchains will subsume everything.

Tinfoil hats and @dinofelis will be left behind.

Now we know why the Bible says we will throw our gold and silver into the street. Precious metals will become relatively worthless. Remember iron used to be a precious metal (its documented in Rise of Knowledge, Decline of Finance essay). Commodities are on inexorable trend of lower value (because we can increase their supply at lower costs with new technologies for mining). And gold can't compete with Bitcoin's better attributes.

iamnotback

sr. member

Activity: 336

Merit: 265

Why Jorge Stolfi lied to the SEC that commodity money is an equity? Bitcoin ETF.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: iamnotback on April 02, 2017, 08:22:10 AM

Quote from: r0ach on April 02, 2017, 06:49:55 AM

My response to Anonymints claim where he says bitcoin is money and I say it's only a currency:

Quote from: r0ach on April 02, 2017, 06:45:38 AM

Bitcoin is not a real commodity

@r0ach was already referred to the relevant work of Nash and he is quite proficient at ignoring the reality:

https://bitcointalksearch.org/topic/m.18394149
https://bitcointalksearch.org/topic/m.18422543

Because @r0ach is an obstinate fool who wears a tinfoil hat blindfold that prevents him from comprehending (and perhaps even reading) what Nash wrote, especially what Nash wrote about what makes gold valuable and why it is not as ideal as Bitcoin.

iamnotback

sr. member

Activity: 336

Merit: 265

popcorn1

legendary

Activity: 1218

Merit: 1027

do you want to buy some candles^^^

Cherry Girl

member

Activity: 102

Merit: 10

Quote from: popcorn1 on March 30, 2017, 12:38:48 PM

Quote from: iamnotback on March 30, 2017, 12:14:47 PM

Quote from: OROBTC on March 29, 2017, 10:04:26 PM

Quote from: r0ach on March 29, 2017, 09:31:18 PM

Quote from: iamnotback on March 29, 2017, 12:35:54 AM

@r0ach you are leaving money on the table when you stopped investing in altcoins. Cripes ETH just did a 4 bagger in a month.

Silver is no panacea as @OROBTC says.

While the antediluvian relic Anonymint was getting a boner thinking about running coolpages in Ethereum VM, Putin has spotted silver breaking above the 200 day MA.

To my knowledge (and I could be wrong), Putin is a gold guy. Russia has bought up a lot of gold over the past few years, and their central banker (Elvira Nabiullina) has apparently done a great job.

Russia is now No. 7 in the world re Official Gold Reserves (1615 tonnes):

Tinfoil hats don't understand why gold has been a reserve currency of good money and therefor they do not understand why gold is not optimal:

And thus you don't understand why my blockchain design is the only one which will win as the ideal good money.

@r0ach has been clueless. If he is wise, he will read the linked thread and learn what is really going on.

Tinfoil hats don't understand why gold has been a reserve currency of good money ..

BECAUSE IT'S SHINY Wink

.. END OF.. We likes shiny things

Now do you want to buy some CANDLES Grin

I only want the gold to make myself a crown or i would rather keep me candles ..

I will be king of the candle sellers Grin

Your millions can be earned very simply. The main thing is to understand what the people need and what he buys most often. It's like a disposable tableware. Just think how much it takes every day.

popcorn1

legendary

Activity: 1218

Merit: 1027

Quote from: iamnotback on March 30, 2017, 12:14:47 PM

Quote from: OROBTC on March 29, 2017, 10:04:26 PM

Quote from: r0ach on March 29, 2017, 09:31:18 PM

Quote from: iamnotback on March 29, 2017, 12:35:54 AM

@r0ach you are leaving money on the table when you stopped investing in altcoins. Cripes ETH just did a 4 bagger in a month.

Silver is no panacea as @OROBTC says.

While the antediluvian relic Anonymint was getting a boner thinking about running coolpages in Ethereum VM, Putin has spotted silver breaking above the 200 day MA.

To my knowledge (and I could be wrong), Putin is a gold guy. Russia has bought up a lot of gold over the past few years, and their central banker (Elvira Nabiullina) has apparently done a great job.

Russia is now No. 7 in the world re Official Gold Reserves (1615 tonnes):

Tinfoil hats don't understand why gold has been a reserve currency of good money and therefor they do not understand why gold is not optimal:

And thus you don't understand why my blockchain design is the only one which will win as the ideal good money.

@r0ach has been clueless. If he is wise, he will read the linked thread and learn what is really going on.

Tinfoil hats don't understand why gold has been a reserve currency of good money ..

BECAUSE IT'S SHINY Wink

.. END OF.. We likes shiny things

Now do you want to buy some CANDLES Grin

I only want the gold to make myself a crown or i would rather keep me candles ..

I will be king of the candle sellers Grin

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: OROBTC on March 29, 2017, 10:04:26 PM

Quote from: r0ach on March 29, 2017, 09:31:18 PM

Quote from: iamnotback on March 29, 2017, 12:35:54 AM

@r0ach you are leaving money on the table when you stopped investing in altcoins. Cripes ETH just did a 4 bagger in a month.

Silver is no panacea as @OROBTC says.

While the antediluvian relic Anonymint was getting a boner thinking about running coolpages in Ethereum VM, Putin has spotted silver breaking above the 200 day MA.

To my knowledge (and I could be wrong), Putin is a gold guy. Russia has bought up a lot of gold over the past few years, and their central banker (Elvira Nabiullina) has apparently done a great job.

Russia is now No. 7 in the world re Official Gold Reserves (1615 tonnes):

Tinfoil hats don't understand why gold has been a reserve currency of good money and therefor they do not understand why gold is not optimal:

And thus you don't understand why my blockchain design is the only one which will win as the ideal good money.

@r0ach has been clueless. If he is wise, he will read the linked thread and learn what is really going on.

iamnotback

sr. member

Activity: 336

Merit: 265

Tinfoil hats, you wanted to understand money and the knowledge age.

Here is all the edification you will ever need. Make sure you click the link in the linked post, which will take you to my main elucidation.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

Quote from: bra4our on March 26, 2017, 08:59:08 AM

In the event of a global collapse scenario, the only thing that will be useful is food and water, Oil will be very useful as well. A system of barter trade will come up again. Precious Metals such as gold or silver will not be useful at all.

Yeah, people always go on the assumption that just because gold and silver was used as a curreny long ago it will once again take over to be used. This is just one of the main lies that the precious metal companies spread in order to get people to buy gold / other metals in the hopes that they think they're going to be betting against the system by buying the metal.

Bartering will be vital and we may see some sort of item being above all, maybe Oil? I highly doubt Bitcoin would do it as it needs an insane amount of civilization and infrasture in order to survive and thrive. Who's going to be powering those mining farms when people are starving?

bra4our

full member

Activity: 126

Merit: 100

In the event of a global collapse scenario, the only thing that will be useful is food and water, Oil will be very useful as well. A system of barter trade will come up again. Precious Metals such as gold or silver will not be useful at all.

iamnotback

sr. member

Activity: 336

Merit: 265

Tinfoil hat dwellers suffer from troglodytism. They are oblivious to the changes taking place in the world.

popcorn1

legendary

Activity: 1218

Merit: 1027

Quote from: markj113 on March 12, 2017, 03:15:26 PM

Quote from: popcorn1 on March 12, 2017, 03:11:45 PM

Also what you must take into consideration is if it's every country at war ..
Like nuked to bits the gold has no use what so ever..

If countries are left and with no war then gold is useful ..
BUT with the nukes these days no country will be left ..IT'S MAD MAX TIME THEN..

So if your rich then you put your money into all sorts of things BUT DON'T FORGET THE CANDLES Wink

OR you will be visiting the popcorn candle and lighter shop..1 OUNCE OF GOLD will come my way..

So it all depends on the type of war if gold is worth something..
So if you not got much money BUY CANDLES NOT GOLD..

I take it your candle shop wont be accepting BTC due to the EMPs and total collapse of the electrical grid, internet and miner network BTC requires to operate.

Ill just pay some mercenaries 1/2 oz gold to put a bullet in you and take all your candles Cheesy

No but gold is worthless..So you need some candles .

So they be working for me and turn on you . .And just think they be killing you for a CANDLE. Cheesy

markj113

legendary

Activity: 2254

Merit: 1043

Quote from: popcorn1 on March 12, 2017, 03:11:45 PM

Also what you must take into consideration is if it's every country at war ..
Like nuked to bits the gold has no use what so ever..

If countries are left and with no war then gold is useful ..
BUT with the nukes these days no country will be left ..IT'S MAD MAX TIME THEN..

So if your rich then you put your money into all sorts of things BUT DON'T FORGET THE CANDLES Wink

OR you will be visiting the popcorn candle and lighter shop..1 OUNCE OF GOLD will come my way..

So it all depends on the type of war if gold is worth something..
So if you not got much money BUY CANDLES NOT GOLD..

I take it your candle shop wont be accepting BTC due to the EMPs and total collapse of the electrical grid, internet and miner network BTC requires to operate.

Ill just pay some mercenaries 1/2 oz gold to put a bullet in you and take all your candles Cheesy

popcorn1

legendary

Activity: 1218

Merit: 1027

Also what you must take into consideration is if it's every country at war ..
Like nuked to bits the gold has no use what so ever..

If countries are left and with no war then gold is useful ..
BUT with the nukes these days no country will be left ..IT'S MAD MAX TIME THEN..

So if your rich then you put your money into all sorts of things BUT DON'T FORGET THE CANDLES Wink

OR you will be visiting the popcorn candle and lighter shop..1 OUNCE OF GOLD will come my way..

So it all depends on the type of war if gold is worth something..
So if you not got much money BUY CANDLES NOT GOLD..

popcorn1

legendary

Activity: 1218

Merit: 1027

Quote from: Barrymore on March 12, 2017, 02:07:16 PM

Quote from: darkangel11 on March 12, 2017, 01:52:51 PM

Maybe get some bees for starters and you can keep making your own candles from wax till the end of days. Grin

But really in the era of LED lights and cheap solar panels you could buy a bunch of those cheap little garden lamps and wire them up in series on your walls. Who would want to burn smelly candles whole night? Candles made of wax on the other hand smell nice. Wink

The candle burns with a live fire. Not compare with him no light from the lanterns. Besides live fire is not only light but also heat, cooking ability, etc.

At least you be safe and smart in the wilderness .

He be trying to cook a human with led lights Cheesy

..
I be cooking a human with candles ..

Well if it's gets that bad humans become meat..
OH THEY DO TAKE A LOOK AT HISTORY..Russia knows to well what happens when humans get starved ..

Pics show starving Russians selling human body parts as MEAT ...
https://www.thesun.co.uk/.../pictures-human-body-parts-cannibals-russian-famine-1921-...
30 Dec 2016 - From 1921 until the end of 1922, an estimated five to ten million people lost ... Despite reports of cannibalism, the police took no action as it was .

instead of fish fingers it's human fingers for dinner Cheesy

..

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: iamnotback on March 09, 2017, 06:18:28 PM

Bitcoin is now at parity with gold.

That's a big lie. Being parity with gold means nothing. People use this like its an important thing but its not. They are using it to say "Look! Bitcoin reached 1250$! It is now more valuable than gold you have!"

It is not. This is simply an ignorant lie.

Bitcoin's price should reach to 2.4Million USD to be comparable with gold. When this happens, Countries will hold Bitcoin as a reserve currency instead of gold. That won't happen neither.

Bitcoin is no more than a stock at this point. Wake up.

Barrymore

member

Activity: 84

Merit: 10

Quote from: darkangel11 on March 12, 2017, 01:52:51 PM

Maybe get some bees for starters and you can keep making your own candles from wax till the end of days. Grin

But really in the era of LED lights and cheap solar panels you could buy a bunch of those cheap little garden lamps and wire them up in series on your walls. Who would want to burn smelly candles whole night? Candles made of wax on the other hand smell nice. Wink

The candle burns with a live fire. Not compare with him no light from the lanterns. Besides live fire is not only light but also heat, cooking ability, etc.

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

Maybe get some bees for starters and you can keep making your own candles from wax till the end of days. Grin

But really in the era of LED lights and cheap solar panels you could buy a bunch of those cheap little garden lamps and wire them up in series on your walls. Who would want to burn smelly candles whole night? Candles made of wax on the other hand smell nice. Wink

Topic: Precious metals are not useful in a collapse scenario! (Read 13421 times)