Quote from: r0ach on April 15, 2017, 01:52:10 PM

Quote from: sidhujag on April 15, 2017, 01:35:59 PM

Market is efficient.. your not the only one who knows the ratios.. theres a reason the correlation is broken its because gold is dead and goimg back to commodity use levels. Did you read szabos post I linked to you earlier? That explains why commodities are not a safe bet right now.

Bullshit. Nobody is going to stand around saying "Who needs a reduction in counterparty risk! I'll just be at the mercy of whatever the govt does!". Gold and silver have nowhere to go but up in terms of utility for humans. We are not going into some Star Trek utopia where nobody uses money like you and Anonymint like to make believe. And cryptocurrency has no Nash equilibrium and doesn't solve any counter party risk problems.

Civilization also bends down towards it's average or lowest common denominator, and the dumbest people on earth like inner city rappers are reproducing the fastest. You do not go into a Star Trek "knowledge age" with demographics like that.

Also, listen to Armstrong's new stupid idea:

https://www.youtube.com/watch?v=DcuYmUZrOqo

He thinks the govts of the world should run on a standard of a basket of pegged currencies. He then says the SDR is bad, but his idea basically is the SDR LOL. We also already have a basket of pegged currencies with a bunch of trash fiats pegged to the dollar. This guy is high on whiskey just talking bullshit.

But the most important point and why Armstrong is a lying shill, is he wants to leave control of the currency with malevolent, jewish central bankers issuing a debt based currency to enslave you by usury. He's a shill for the jew banks.

But you keep missing the important pieces.. btc has no less counterparty risk than gold yet it also provides much more benefits. Lets agree to disagree here dont bother replyinf on that part I already understand your argument. More importantly commodities all tend towards industrial cost and usage which means gold has much more downside coming while bitcoin keeps trumping you after you sold.. it wont get back to your reload zone any time soon not atleast $10k is hit first.

I agree armstrong sucks but i also understand that bitcoin is much safer to hold than gold here.