Post
Topic
Board Bitcoin Discussion
Re: Silver vs BTC
by
skysurfer808
on 04/06/2011, 02:41:44 UTC
Quote
Silver and Bitcoins have their own advantages and disadvantages.  Bitcoins probably have more upside potential but certainly more risk, while silver has less (though still significant) upside with thousands of years of monetary history.  The true value of either is in their ability to retain purchasing power that is not subject to the whims of politicians and central bankers.  In my humble opinion it is wise to have both in your portfolio, as they compliment each other nicely. 

I have to agree and after this evening I am fortunate enough to possess both.  Each has its strengths and weaknesses.  One represents the past, the other the possible future.  At any rate looking at historic trends one can see that the USD is dying and alternatives are crucial.  My hope is the US powers that be decide to allow Bitcoin to function as a hedge to the collapse of fiat.  A more likely scenario is the adaptation of "Patriot" money as spoken about in that post.

Skysurfer808