Post
Topic
Board Speculation
Re: Gold is collapsing. Bitcoin up.
by
sgbett
on 14/03/2012, 00:05:34 UTC
So will the gold bugs start fleeing the ship and buy some BTC? Grin

No way. Gold bugs are all about the physical. Their 40 year scenarios involve a global meltdown and general SYSTEM FAILURE, a "gold" that requires a functioning internet and power system would be laughable to them.

Then they have a perspective that is a bit sketchy... Unless they think that gold settlements can be accomplished without a functioning Internet and power system—perhaps via a convoy of Humvees...

Yes, laughable.


the 40 year global meltdown systemic failure goldbugs hoard bullion!

the hedging against semi-hyperinflation goldbugs are happy with there electronic gold, and there protective puts.

I think a bit of each is nice to have in any portfolio, along with your bitcoin Smiley

my views haven't changed.  i think gold/silver is a relic of the past and Bitcoin will assume its place as a new standard.  i think gold drops to $400. 

$400 gold? That would be some payday, aye.