Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
TPTB_need_war
on 07/07/2015, 00:22:55 UTC
Without reading every page in this thread, I'll add my two cents worth here.

I can't see a reason why Gold can't rise along with Bitcoin at the moment, just at different rates. Whereas Bitcoin can approach $1000 again by the end of year (nearly 4x the current price) similarly Gold can approach $2000 by the end of the year (nearly 2x the current price). Neither Bitcoin or Gold are undermined by debt compared to all the trillions of dollars in stocks and bonds which are leveraged to general confidence in elite lending strategies.

Yeah, I don't think it makes sense to come up with the idea that Bitcoin and precious metals would be mutually exclusive. I'm pretty sure that both will rise. Even if gold might ultimately be replaced by Bitcoin I doubt that this process will be fast enough to obstruct the general upward momentum of gold in a collapsing world economy.

After all, Bitcoin's concept is like virtual gold: The supply is limited, it's very difficult to counterfeit and you have to put in substantial effort to obtain it.

The key phase shift between gold and cryptocoin will likely come after 2017, when gold will be much easier for the Rottweilers to expropriate, steal, plunder, declare as Civil Asset Forfeiture, etc. See my upthread discussion with OROBTC (or just go to his profile and read his posts as he posts infrequently).