Post
Topic
Board Bitcoin Discussion
Re: Gold Bugs Attack Bitcoin In their Ads
by
BigV
on 17/03/2014, 20:12:34 UTC
Definitely over 60 crowd.

I am a bit of a gold bug.  I firmly believe that a third of your long term security should be held in precious metals.

Back in the 90's I started buying gold and silver.  When silver topped $50 I sold a bunch off.  That silver sold for about 9 times what I paid for it.  I took that and bought bitcoin.  At that time was about $30.  I consider myself extremely lucky.  I've since bought more silver after the price dropped below $25.

When I cashed in silver the generic rounds, eagles and maple leafs all brought the same amount.  Coin dealers will try to convince you that buying government mint coins are a better investment.  That is pure B.S. to get you to pay more.  If the SHTF nobody is going to give you a premium for them.  Ounces is ounces.

Gold has no current use as a currency.  Most people out there have no idea what a 1oz coin value in USD is.  Personally I think Platinum is a better long term buy.

I used to carry some Liberty coins around with me.  Several times I used those to purchase things and they were accepted at the $10 valuation that is on them.    I still have a few as a reminder of what subterfuge the US Government is capable of.

That fact that bitcoin does not have any central control is what attracted me to it.  I learned my lesson with E-Gold.