Post
Topic
Board Bitcoin Discussion
Topic OP
So... I just spent all my paper IOU notes. My life's savings!
by
dre_2ooo
on 04/03/2014, 02:10:35 UTC
Yup, I just spent the last of my fiat money.  I am now fully solvent!!

In December 2013, I bought $4k of mining hardware and have about 4.5BTC as of this writing.

One day last week, I paid off my mortgage ($96k) and spent the rest on gold.  I figured those are better places for a constantly inflating currency to be invested rather than sitting in a <1% savings account or unpredictable stock market.  

The interesting thing will be to see what the difference between gold and BTC will be.   I picked up 3oz of gold for about $4,200.  So it'll be interesting to see which will serve me better in the long run!  

I know this is just a small drop in the bucket compared to some of you whales out there, but it's my little contribution to keeping my hard-earned money out of the banksters debt-slavery system.  Smiley (except all the gold and paper wallets, which are stored safely in a bank security vault lol)