Quote from: christiancoin on March 09, 2014, 07:17:27 AM

I've worked in the gold and silver business for years. I've had the privilege of seeing exactly how people felt about precious metals and why they were buying them. I got to feel the ups and downs in the physical market and compare them to the paper market. Btw...I bought and sold on a fairly large scale.

I can tell you that a LARGE number of my customers were buying gold and silver in preparation for chaos and a US dollar collapse. I believe them too because so far history has shown that to be the case. I assumed that when gold and silver came down, I would have the opportunity to buy a lot of the gold and silver back that I had sold. That wasn't the case. Largely, people didn't liquidate their physical holdings. It wasn't just my business either. It was industry wide.

During that time, I also saw an enormous detachment from the physical and paper world (I can't recall the exact dates right now). Gold and silver were seemingly getting crushed in the paper market but the physical demand was crazy. If I could have gotten my hands on more silver at the time I could have sold it all. It simply wasn't to be found. Why? If the paper market is getting crushed the physical should follow. At least that's the way it generally worked before. How could the physical be so hard to find if the paper market is in a sell off?

So, I actually have a point. Gold and silver have "forces" keeping it down. It is not beneficial for some people if gold goes too high.

That being said...it won't stay down forever. I would wait to get in until it breaks out of it's current range (especially silver).

Gold has the same value all over the world. This is a key factor to keep in mind when comparing Bitcoin to gold. This is due to the fact the people all over the world want gold. However, the same cannot be said about Bitcoin. Only a select number of investors are interested in it.gold is easier to convert into cash. Gold has a Solid Baseline Value / Bitcoin is Purely Speculative. Gold is rare but bitcoins is rarer.