Quote from: Fatman3001 on July 13, 2015, 04:32:36 PM

Quote from: Richy_T on July 13, 2015, 04:18:53 PM

Quote from: aztecminer on July 13, 2015, 04:12:06 PM

metals have a intrinsic value while bitcoins does not. i no longer trust bitcoin because it is, in my opinion, manipulated by whales and exchanges.your in the club or your not... their are predators out hunting for some poor newb who invests a bunch money into the scheme while they pump it and then they turn around and dump on them causing them to fear and dump their coins at a loss for their gain.. you trying to claim that is a system we can trust ?? this is my new opinion about bitcoin.

There is no such thing as intrinsic value.

Gold's utility value is pretty low and its current price is mostly speculative. Good luck with that.

+345

I would not even say that Gold is speculative anymore. When one or a few powerful entities of the world control 99.99999995% of a subjectively high valued asset, they can basically set the market price of the remaining supply to anything they want. Especially if that remainder has been fractionally reserved to hell, like PM's have been.

Just look at what De Beers had done in the past to the diamond market...

Side note: Don't buy diamonds for your wife/fiancée/gf, buy moissanites! Stop supporting the cartels!