Silver at 29 ,Bitcoin at 30. this is no-brainer.. - page 6.

rpietila

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Quote from: molecular on March 05, 2013, 06:37:05 AM

Quote from: rpietila on March 05, 2013, 06:31:05 AM

Net worth <$10k = 100% BTC
$10 - $100k = 50% BTC, 50% silver
$100 - $500k = 25% BTC, 50% silver, 25% gold
$500k - $5M = maximum 5-10k BTC, rest split up 50/50 in silver & gold
more = have fun

I wonder why you're suggesting less BTC holdings in absulute terms for high-net-worth people than for the lowest-net-worth category?

I meant 5000-10000 BTC

Because I see not much point in holding more regardless how wealthy you are.

piramida

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Borsche

silver would be around, that's for sure. silver prices - not so confident.

rpietila

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Quote from: Nikolaj06 on March 05, 2013, 07:43:09 AM

Take a look at the short run..

Oh no, silver is not for the short run. It will be around longer than bitcoin for sure

Nikolaj06

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WINSTARS - We are changing the face of gambling

Soo, let me get this straight.. You guys want us to invest in silver?

Take a look at the short run.. If I had invested 10000$ (my savings) in silver when you posted this thread (at 29$), I would today have earned -20 $ (lost 20 dollars.. If I sold at current price of 28.94)

On the other side, if I invested in Bitcoin, I would have earned 3,333$...

How can you say silver beats Bitcoin? Do you have some insider knowledge about Bitcoin that makes you believe that it will somehow fail? I think not..

My 2c: Leave the PMs for what they are good at, looking pretty and electrical appliances. They are way outdated as a means of exchange..

2weiX

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this space intentionally left blank

above 100k, there should be a substantial portion allocated to real estate-a small apartment to rent out, better yet a house with a garden.

molecular

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Quote from: rpietila on March 05, 2013, 06:31:05 AM

Quote from: creativex on March 04, 2013, 07:39:53 AM

Stack both silver and BTC, they're both fantastic and complement each other. Silver was money in the US as recently as 1964 so it's easy to convey it's intrinsic value to the uninitiated. Then when(not if) the gold to silver ratio(currently 55:1) gets back to historic norms(15:1) you can swap some of your silver for gold.

+1.

In fact, assuming that your cashflow is positive, I would suggest for now:

Net worth <$10k = 100% BTC
$10 - $100k = 50% BTC, 50% silver
$100 - $500k = 25% BTC, 50% silver, 25% gold
$500k - $5M = maximum 5-10k BTC, rest split up 50/50 in silver & gold
more = have fun

I wonder why you're suggesting less BTC holdings in absulute terms for high-net-worth people than for the lowest-net-worth category?

Spaceman_Spiff

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₪``Campaign Manager´´₪

Quote from: rpietila on March 05, 2013, 06:31:05 AM

$100 - $500k = 25% BTC, 50% silver, 25% gold
$500k - $5M = maximum 5-10k BTC, rest split up 50/50 in silver & gold

So someone with $100k should have more bitcoins than someone with $5M ?
I agree with your general thesis that the less money you have (and if you are young), the more you can take on risky assets, but the $100k, $5M thing seems wrong.

rpietila

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Quote from: creativex on March 04, 2013, 07:39:53 AM

Stack both silver and BTC, they're both fantastic and complement each other. Silver was money in the US as recently as 1964 so it's easy to convey it's intrinsic value to the uninitiated. Then when(not if) the gold to silver ratio(currently 55:1) gets back to historic norms(15:1) you can swap some of your silver for gold.

+1.

In fact, assuming that your cashflow is positive, I would suggest for now:

Net worth <$10k = 100% BTC
$10 - $100k = 50% BTC, 50% silver
$100 - $500k = 25% BTC, 50% silver, 25% gold
$500k - $5M = maximum 5-10k BTC, rest split up 50/50 in silver & gold
more = have fun

creativex

sr. member

Activity: 434

Merit: 250

Stack both silver and BTC, they're both fantastic and complement each other. Silver was money in the US as recently as 1964 so it's easy to convey it's intrinsic value to the uninitiated. Then when(not if) the gold to silver ratio(currently 55:1) gets back to historic norms(15:1) you can swap some of your silver for gold.

debianlinux

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Quote from: flaab on March 04, 2013, 05:53:31 AM

Plenty. Central banks are no longer holding silver because they sold it off.
And for the first time, silver is rarer than gold.
Stack silver. Investment of the decade.

I agree Silver is a great investment and has huge upside potential. However, you are behind a decade. Silver was the investment of last decade (pre-2010). Bitcoin is the investment of this decade. Quit being late to the party for once.

flaab

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Quote from: goldlyre on February 25, 2013, 05:33:58 AM

but silver on the other hand might disappear from the market in 2 years
==========
Do you have any proof for this claim?

Plenty. Central banks are no longer holding silver because they sold it off.
And for the first time, silver is rarer than gold.
Stack silver. Investment of the decade.

xxjs

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Even though comparison between bitcoin dollar price and silver troy oz dollar price is not relevant for anything, you still wanted to post it in two different threads.

I love it when idots peddle fud like this, because it has a stabilizing effect on the bitcoin dollar price.

vssa

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Silver at 29 ,Bitcoin at 34 ...big f&#ing news

You think Bitcoin price above silver price has not been acknowledged by High Finance? It’s likely, contrarily, they know what’s going on, and they are not pleased with this new p2p currency stealing headlines, allowing the entire world to ignore fiat in real time, now, today. Nothing short of a 51% attack on the network can allow them to control the price. The dominant financial system must protect itself from $100 Bitcoin prices as large-scale investors move into the market. Marketing this new advent as a bank, the place to store your Bitcoin, the Bitcoin community has to acknowledge that the Powers That Be will need a mechanism (bank/exchange) to control our beloved BTC price. There is merely not enough supply at these new levels to sustain any sort of serial million dollar investments without really moving the price. Check the Mt. Gox tick chart, the price was knocked from $34.80 to $33.15 in about one hour off 22,000 BTC ; that means only $748,000 in BTC needed to be moved in one hour to move the price 4.75%. That is 6.1 days worth of BTC supply.

Full post here:http://silvervigilante.com/coinlab-repatriates-funds-to-us-no-thanks/

solex

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100 satoshis -> ISO code

Quote from: rpietila on February 25, 2013, 06:08:53 AM

Silver has been in a positive demand since about 2006, meaning that investors are buying more than selling.

The total above ground silver grows only very slowly, about 0.5% a year, less than anything, even the population grows more.

I used to be a gold and silver bug for years until I discovered Bitcoin. And then suddenly it hit me as to the reason that gold and silver only slowly appreciate, even though fiat money is being printed like crazy. It was a mystery to me why gold has only just reached its 1980 peak in inflation adjusted terms, and silver is still way behind. No wonder stupid conspiracy theories float about price suppression.

The real reason the PMs languish at the margins of the world economy is that they are no good for remote payments. Yet 99% of payments (by value) in a modern economy are transacted remotely! People are all forced to use fiat because of the technological society we live in.

Drum roll.... That is why Bitcoin has so much potential, it is scarce like PMs, but fantastic for remote payments. There has been nothing like it before.

adamstgBit

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Trusted Bitcoiner

Quote from: CurbsideProphet on March 01, 2013, 01:35:10 AM

Quote from: creativex on February 28, 2013, 10:56:13 PM

Quote from: adamstgBit on February 28, 2013, 06:38:12 PM

silver gets inflated too you know... The shit is everywhere, you just need to dig.
*provoking the silver bulls *
ok maybe trolling isn't very productive...

anyway I'm looking for a good investments to diversify into... silver looks good? but idk other options would be cool, all you hear everywhere is Gold & Silver,Gold & Silver ,Gold & Silver buy buy buy... like their is no other options...

Real estate requires maintenance and the tax man shows up and tells you that you owe him fiat just for "owning" it. Gold and silver have been money for thousands of years, that's why people migrate to them as stores of value. If those don't appeal to you then stockpile some other non-perishable, easily exchanged commodity...like copper pennies or bullets.

Real estate isn't for everyone but you can also use depreciation and leverage to your advantage. Even with the "tax man." When properly done, real estate produces positive cash flows, your non-perishables collect dust. The richest of the rich own earning assets, they don't just stockpile "stuff."

everyone needs a good piece of Real estate, long term renting = throwing your money.
and having a big size depth that you'll never pay off is a good thing in an inflationary environment
and the taxes you pay really is to fund the schools hospitals and roads, and of the crooks way up top too! (read: banks) Tongue

so everyone needs a good piece of Real estate....

and everyone needs to start using sound money (read: bitcon Cheesy

)

molecular

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Activity: 2772

Merit: 1019

I acquired my very modest silver stash over the last 1.5 years at a price of 27-33. I decided to not buy more unless silver breaks below the magic 26 and down to around, maybe below 20. I have high hopes for silver, but the missed potential in bitcoin is too high. Silver is soooo sloooow Wink

.

CurbsideProphet

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Quote from: creativex on February 28, 2013, 10:56:13 PM

Quote from: adamstgBit on February 28, 2013, 06:38:12 PM

silver gets inflated too you know... The shit is everywhere, you just need to dig.
*provoking the silver bulls *
ok maybe trolling isn't very productive...

anyway I'm looking for a good investments to diversify into... silver looks good? but idk other options would be cool, all you hear everywhere is Gold & Silver,Gold & Silver ,Gold & Silver buy buy buy... like their is no other options...

Real estate requires maintenance and the tax man shows up and tells you that you owe him fiat just for "owning" it. Gold and silver have been money for thousands of years, that's why people migrate to them as stores of value. If those don't appeal to you then stockpile some other non-perishable, easily exchanged commodity...like copper pennies or bullets.

Real estate isn't for everyone but you can also use depreciation and leverage to your advantage. Even with the "tax man." When properly done, real estate produces positive cash flows, your non-perishables collect dust. The richest of the rich own earning assets, they don't just stockpile "stuff."

creativex

sr. member

Activity: 434

Merit: 250

Quote from: adamstgBit on February 28, 2013, 06:38:12 PM

silver gets inflated too you know... The shit is everywhere, you just need to dig.
*provoking the silver bulls *
ok maybe trolling isn't very productive...

anyway I'm looking for a good investments to diversify into... silver looks good? but idk other options would be cool, all you hear everywhere is Gold & Silver,Gold & Silver ,Gold & Silver buy buy buy... like their is no other options...

Real estate requires maintenance and the tax man shows up and tells you that you owe him fiat just for "owning" it. Gold and silver have been money for thousands of years, that's why people migrate to them as stores of value. If those don't appeal to you then stockpile some other non-perishable, easily exchanged commodity...like copper pennies or bullets.

CurbsideProphet

hero member

Activity: 672

Merit: 500

Quote from: adamstgBit on February 28, 2013, 06:38:12 PM

Quote from: creativex on February 28, 2013, 06:33:55 PM

Quote from: adamstgBit on February 28, 2013, 06:30:12 PM

Quote from: rpietila on February 27, 2013, 01:43:13 PM

Quote from: cypherdoc on February 27, 2013, 11:56:42 AM

i think you've got it all wrong.

Please elaborate. Always willing to listen other professionals

yes please tell us your point of view.

I'm looking start stacking silver if it goes under 20$

...then you're unlikely to ever stack any silver as it hasn't been below $20 an ounce since fall of 2010 and there's been massive dilution of the fiat supply since that time.

silver gets inflated too you know... The shit is everywhere, you just need to dig.
*provoking the silver bulls *
ok maybe trolling isn't very productive...

anyway I'm looking for a good investments to diversify into... silver looks good? but idk other options would be cool, all you hear everywhere is Gold & Silver,Gold & Silver ,Gold & Silver buy buy buy... like their is no other options...

Have you considered real estate? Difficult to give options when it's unknown what you're already invested in.

AbsoluteZero

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"Re: Silver at 29 ,Bitcoin at 30. this is no-brainer.." Cheesy

Yes, no-brainer, Buy BOTH Cheesy

Only problem is not enough USD Angry

Topic: Silver at 29 ,Bitcoin at 30. this is no-brainer.. - page 6. (Read 10715 times)