Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
miscreanity
on 28/06/2012, 03:09:18 UTC
there you go again.  "the price is not real."  then what is real?  what's the true price right now?

i keep offering you 22 oz at a bargain price of $2800 each which is a bargain if you truly believe they are going to $35,000 each.  why won't you take me up on them?  take out a loan.

How's this: 1 troy ounce of gold is worth 1 troy ounce of gold. Value needs to be measured in a consistent medium. The USD is not remotely consistent. Transparency is critical as well, and gold is far more transparent than paper, except when obscured by that paper.

Gold is only volatile in terms of fiat. It is stable within a consistent range relative to real assets. The problem is in the financial system, not gold and real assets.

If I were to take a loan, I would buy at the best bargain I could obtain. You aren't offering that.