Bitcoin Forum

Gold and silver prices manipulated? WIll they keep it down forever? I don't own any but do you think bitcoin will lift off before or after gold and silver?

Would it be better to buy silver and gold first and wait for it to go up then convert it into bitcoin?

Dude, let me give you some good advice.  If you think a market is heavily manipulated, stay out of it. Having said that, I think the precious metals market is a free market.  Every buy and sell order is a manipulation to some extent, but I don't believe there are whales who can move it at their whim. 

Also regarding gold & silver:  Look at where the prices have been since 2011.  If you want to buy low and sell high, this might (!) be the time to buy low.  I'm not certain the market has bottomed by any means, though.  But I've been buying a little here and there.

And as to your question, btc is a lot more volatile than gold & silver and it could very well go to the moon or go to zero whilst precious metals do nothing.  Nothing is certain and most things are unforeseeable.

Don't buy gold unless you have Millions to invest. Silver has a much higher upside potential than gold. Both will take longer than BTC to appreciate in value.

Otherwise, I would say to diversify. Maybe 50/50 or as much as 70% BTC and 30% Silver. In a post apocalyptic world, Bitcoin will be useless. Silver may too, but it stands better chances than Bitcoin. If Bitcoin goes way up, then you at least get a piece of the pie. If Bitcoin dies, Silver will likely retain value better than putting it all in Bitcoin.

Gold and silver prices manipulated? Sure they are. What would be the point in keeping them down forever?
There is no point and they won't stay down for much longer imo. We should see a boom within the next couple of years.
Btc lifting off to what scale? Would you not class the recent rise a lift off by doubling in value before settling around 80% higher than previous.
I would say it already has started and will go again after refuel, the market is easier to control than precious metals.


Agree with silver being the one to invest in. Silver will keep some value in the situation above. I'm only about 10% in silver currently.

Ahh I see good info guys

every market is being manipulated by the big guys, gold and silver are no exception. bitcoin at this point has much more room for growth. beside that, bitcoin has a fixed coin cap. gold and silver can be found at any time, which makes it have a basically "endless" supply.

Ahh yes *much more room for growth* exactly

gold and silver minign activity is heavily centralized, more than bitcoin can ever be

and those metal does not rely much on merchant, they are not used as a currency like bitcoin is, so the manipulation i think it's more bad than what it is with bitcoin

also bitcoin manipulations is there because it has a very small marketcap, at least there is a reason for it, but gold and silver? not so much

Precious metals are more for traditional traders who are looking to diversify their portfolio. I agree with Randy8777 that Bitcoin is a much better choice as an investment as it has a much higher potential return. I will always choose Bitcoin over any other investment.

Gold and silver will always hold there value as there used alot in electronics.

Heres where I show my gold/silver bug tendancies. I agree spot price of gold and silver is suppressed as much as possible, largely by paper derivatives but sometimes they actually need to provide physical to keep paper connected to the real asset. In last few years GLD has almost been drained of physical bullion also Comex is very low too now. Another way to get physical is to invade a country  eg Ukraine lost its gold recently, as did Libya. For me the big giveaway is the very obvious huge selling whenever some kind of normally gold positive event has happened in last few years which is manipulation of expectations, MOPE. The pumping of the stock markets is also connected, as is coverage in the media.

Central banks and other powerful entities hold a lot of gold but not silver. Gold is their game.

In many countries eg UK you have to pay VAT or some kind of tax on silver  but not gold. Its almost like they try to stop people investing in silver bullion  >:(

As others have said Gold versus Silver ratio says that silver is at much better bargain price then gold though.

My personal opinion is to be mostly in bitcoin at the moment because I think bitcoin has likelyhood of huge gains if another speculative bubble forms, then try to exchange for physical precious metal near top of next bubble. (Later when speculative bubble has deflated exchange some back to bitcoin)