Quote from: bargainbin on January 29, 2016, 03:33:42 PM

Quote from: iCEBREAKER on January 29, 2016, 03:19:15 PM

I guess from Gavin's POV holding gold and silver makes me a "currency speculator." Roll Eyes

From my perspective, it makes you a hapless, a hapless speculator.
Both gold & silver performed somewhat better than IceDrill, which is not to say "well." Horribly, actually.

You're a nice guy, ice, just not too good with money Sad

Hapless speculator, yes. "Currency speculator," no. But don't let the undue constraint of discussing Gavin's actual phrase get in the way of your off-topic personal digs.

Also, I'm not so hapless as to not notice you cherry-picked a gold graph that only shows its predictable retracement from all-time-highs (there, FTFY).

I'll plead No Contest to being not too good with money, having spend almost all my early BTC on under-performing investments.

Back in 2011-12, my reasoning was in line with Gavin's risk-averse exposure-minimization paradigm (and seeding the ecosystem was irresistible nerd fun).

So I tried to buy just about anything I could with Bitcoin - a lifetime supply of Emergen-C, gold, silver, Icedrill shares, and random stuff from BitMit.

The first thing I learned was that valuable lessons are necessarily expensive!

The second thing I learned was to hold, hold, and then hold some more.

But my gold and silver will never be worthless, and provide value as a hedge against fiat and crypto. And the Emergen-C lasts forever, as they provide comic relief in the form of exorbitantly expensive ascorbic acid! Cheesy