Quote from: fulcare on December 09, 2014, 02:48:17 PM

Quote from: UnunoctiumTesticles on December 09, 2014, 10:31:00 AM

Quote from: fulcare on December 09, 2014, 09:54:18 AM

Let's say the Dollar and various fiats died next week, all the people unless they were holding assets like Gold or tangible assets and Bitcoin owners are safe and even prosper.

Don't you even bother to check history before spouting delusion?

Gold rarely holds its value when there is total collapse. Rather it is food that becomes valuable and the gold gets buried because it can't be spent. Rice was money for 600 years in Japan. Food was money during the Dark Age in Europe, not gold.

Gold only has value during brief periods of government failure, and where the gold can be moved into a new fiat asset that is functioning. If fiat fails totally, then gold also fails. Study history!

Seems to me you are quite the fuckwit. Firstly do you want me to post charts of countries right now where the currency is being devalued and Gold is making a moon shoot?

Gold means you weather the storm and come out the other end with your assets intact ie money, the fiat in your pocket however in a total currency collapse is toilet paper and will never recover and no one said having food supplies isn't also important though most modern collapse in recent history like in Argentina people weren't starving in the street, they just lost the wealth they had accumulated over for some a lifetime. You misunderstand price for value ie wealth. Its a common misunderstandings among children and old ladies so don't take it too hard.

Check your history? Why the fuck would I do that based on the Assclownery you think is knowledge.

PS Bitcoin can't be debased like fiat yooooooou fuuuuuuuuucking flid.

Go ahead and copy the idiot silverbugs who I told a year in advance in a published article that silver would peak at $48 in Spring 2011, they didn't listen and they held all the way down to below $17.

Or the idiot Bitcoin twads, who I warned in public in this forum when Bitcoin was $1000 that it would drop to $350 as a first bottom. Lately I warned it would bottom below $200.

Your IQ is too low to even comprehend what I wrote. I specifically stated that gold goes very high against total failure of government such as Wiemar Germany or Zimbabwe, but it doesn't go to infinity against governments which still have the power to supply a military and sell their sovereign bonds. The USA is no where near that type of insolvency. The people are not going to run away from all their possessions in the USA and forsake the government entirely. Sorry fucktwad.

In a total collapse, if you can't run somewhere with your gold that isn't collapsed then the gold is worthless, because only food is money in a total collapse. Gold had value in Wiemar and Zimbabwe, because it could be exchanged externally where there were non-collapsed economies.

STUDY HISTORY YOU IDIOT!! You don't have a fucking clue.

And Bitcoin can surely be debased. Simply make loans denominated in Bitcoin using fractional reserves. Did you not realize that this is what the private decentralized banks did in the 1800s with gold?I guess you are totally ignorant of Gresham's Law.

Just shut up. You obviously don't have two rocks to rub together inside of that cranium you call a brain.

Dumbshit.