Re: So... I just spent all my paper IOU notes. My life's savings!
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 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.
(except all the gold and paper wallets, which are stored safely in a bank security vault lol)
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 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.
(except all the gold and paper wallets, which are stored safely in a bank security vault lol)You should've waited on the gold and checked the COT open interest. The large commercials are maxxing out their humongous short positions right now. They are gonna drive gold into the ground shortly. The good news is that after this next smash, gold is going parabolic. Do not panic sell, just stay long through the storm or selloff now and buy in cheaper later.