Post
Topic
Board Economics
Re: [POLL] Where are you putting your money?
by
AndyR
on 28/09/2011, 14:35:22 UTC
My money is bitcoin, largely. I have purchased many thousands from individuals with precious metal, preferring to stay away from the exchanges for the time being, as I don't trust their business acumen. I have said it before, and I'll say it again - I respect MtG:Ox for their ability to run a large and profitable business, despite being bogged down at every turn by quibbling bank operations and government slavedriving, but their lack of transparency and insistence upon anonymity give me no confidence of their integrity. I prefer to look someone in the eye and shake their hand when I do business. I want to know a man has character before I trade with him - that is how business does and ought to work.

Apart from those few purchases, I have also undertaken a mining operation, which I pay for with what remaining government play money I still have around. The fortune that is able to produce is quite prodigious, and as long as the electricity providers insist upon being paid by government decree, rather than with real wealth like gold or bitcoin, it's essentially free, so far as I am concerned. The balance of my fortune is tidied away in a vault under my home, mostly as gold and silver, and small quantities of other precious metals like osmium, iridium, and rhodium. (Mark my words - osmium will rise to great prominence after the coming collapse of the fiat treason! It is an excellent store of value, and I trade silver for it upon every available opportunity.)